Brokerages forecast that Ally Financial Inc (NYSE:ALLY) will report $1.53 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Ally Financial’s earnings, with the lowest sales estimate coming in at $1.48 billion and the highest estimate coming in at $1.60 billion. Ally Financial posted sales of $1.40 billion in the same quarter last year, which indicates a positive year over year growth rate of 9.3%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, April 18th.
On average, analysts expect that Ally Financial will report full-year sales of $6.21 billion for the current fiscal year, with estimates ranging from $6.05 billion to $6.29 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.48 billion, with estimates ranging from $6.21 billion to $6.73 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Ally Financial.
Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.10. Ally Financial had a return on equity of 10.84% and a net margin of 21.76%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the firm posted $0.70 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year.
Shares of ALLY traded down $0.13 during trading hours on Friday, hitting $29.03. 115,211 shares of the stock traded hands, compared to its average volume of 3,236,257. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.33. Ally Financial has a 1-year low of $20.60 and a 1-year high of $29.20. The firm has a market capitalization of $11.51 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 0.49 and a beta of 1.36.
In other Ally Financial news, CEO Jeffrey Jonathan Brown sold 97,311 shares of the stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $27.01, for a total value of $2,628,370.11. Following the completion of the sale, the chief executive officer now directly owns 632,569 shares in the company, valued at $17,085,688.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David J. Debrunner sold 2,222 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $27.73, for a total value of $61,616.06. Following the completion of the sale, the chief accounting officer now owns 112,423 shares of the company’s stock, valued at $3,117,489.79. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.
Several institutional investors have recently made changes to their positions in ALLY. Private Capital Group LLC increased its holdings in shares of Ally Financial by 53.5% in the fourth quarter. Private Capital Group LLC now owns 1,820 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 634 shares in the last quarter. Enlightenment Research LLC acquired a new stake in Ally Financial during the 4th quarter worth approximately $54,000. Oregon Public Employees Retirement Fund increased its position in Ally Financial by 2,129.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,394,346 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 2,286,941 shares in the last quarter. Kinneret Advisory LLC acquired a new stake in Ally Financial during the 4th quarter worth approximately $121,000. Finally, Quantamental Technologies LLC acquired a new stake in Ally Financial during the 4th quarter worth approximately $155,000.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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