Brokerages Expect Ally Financial (ALLY) to Post $0.66 Earnings Per Share

Wall Street brokerages forecast that Ally Financial (NYSE:ALLY) will report earnings of $0.66 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Ally Financial’s earnings, with estimates ranging from $0.63 to $0.70. Ally Financial reported earnings of $0.48 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 37.5%. The firm is scheduled to issue its next earnings report on Thursday, April 26th.

On average, analysts expect that Ally Financial will report full year earnings of $2.98 per share for the current financial year, with EPS estimates ranging from $2.90 to $3.07. For the next year, analysts forecast that the business will report earnings of $3.44 per share, with EPS estimates ranging from $3.23 to $3.60. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Ally Financial.

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Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Ally Financial had a net margin of 13.73% and a return on equity of 8.10%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share.

Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Ally Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 20th. Piper Jaffray reaffirmed a “buy” rating on shares of Ally Financial in a report on Friday, March 16th. UBS assumed coverage on shares of Ally Financial in a report on Tuesday, March 27th. They set a “buy” rating and a $33.00 price target on the stock. Sandler O’Neill set a $29.00 price target on shares of Ally Financial and gave the company a “hold” rating in a report on Thursday, March 15th. Finally, Wells Fargo reaffirmed an “outperform” rating and set a $35.00 price target (up previously from $30.00) on shares of Ally Financial in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Ally Financial presently has an average rating of “Buy” and a consensus price target of $33.00.

ALLY opened at $27.15 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.28. Ally Financial has a 12-month low of $18.11 and a 12-month high of $31.29. The company has a market capitalization of $11,804.05, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 0.72 and a beta of 1.38.

Institutional investors have recently added to or reduced their stakes in the company. Tiedemann Wealth Management LLC raised its position in shares of Ally Financial by 70.4% during the third quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock valued at $110,000 after buying an additional 8,332 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Ally Financial during the fourth quarter valued at approximately $132,000. Meeder Asset Management Inc. bought a new stake in shares of Ally Financial during the fourth quarter valued at approximately $140,000. Global Trust Asset Management LLC bought a new stake in shares of Ally Financial during the fourth quarter valued at approximately $163,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Ally Financial during the fourth quarter valued at approximately $178,000.

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Ally Financial Company Profile

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Earnings History and Estimates for Ally Financial (NYSE:ALLY)

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