Ally Financial (ALLY) Scheduled to Post Earnings on Thursday

Ally Financial (NYSE:ALLY) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 18th. Analysts expect Ally Financial to post earnings of $0.88 per share for the quarter.

Ally Financial (NYSE:ALLY) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.01. Ally Financial had a return on equity of 10.90% and a net margin of 23.12%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The company’s revenue was up 13.9% compared to the same quarter last year. On average, analysts expect Ally Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NYSE:ALLY opened at $31.70 on Wednesday. The company has a debt-to-equity ratio of 3.03, a quick ratio of 1.11 and a current ratio of 1.11. Ally Financial has a one year low of $20.60 and a one year high of $32.35. The stock has a 50-day simple moving average of $30.31. The firm has a market capitalization of $12.80 billion, a PE ratio of 9.49, a price-to-earnings-growth ratio of 0.64 and a beta of 1.31.

Ally Financial declared that its board has approved a stock buyback program on Monday, April 1st that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 10.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

In other news, Director Mayree C. Clark acquired 5,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $29.71 per share, for a total transaction of $148,550.00. Following the completion of the purchase, the director now directly owns 46,248 shares of the company’s stock, valued at approximately $1,374,028.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David J. Debrunner sold 2,222 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $29.80, for a total value of $66,215.60. Following the sale, the chief accounting officer now owns 110,201 shares in the company, valued at approximately $3,283,989.80. The disclosure for this sale can be found here. Insiders have sold 6,666 shares of company stock worth $199,802 in the last 90 days. 0.35% of the stock is currently owned by insiders.

Several research analysts recently commented on the company. Oppenheimer set a $119.00 price target on American Express and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Citigroup set a $95.00 price target on iRobot and gave the stock a “hold” rating in a research note on Wednesday, July 3rd. BMO Capital Markets set a $44.00 price target on Schlumberger and gave the stock a “hold” rating in a research note on Monday, April 22nd. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Morgan Stanley cut Silicon Motion Technology from an “equal weight” rating to an “underweight” rating in a research note on Monday, April 22nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.25.

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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Earnings History for Ally Financial (NYSE:ALLY)

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