Analysts Expect Ally Financial Inc (NYSE:ALLY) Will Announce Earnings of $0.32 Per Share

Analysts expect Ally Financial Inc (NYSE:ALLY) to report earnings of $0.32 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ally Financial’s earnings, with estimates ranging from $0.01 to $0.54. Ally Financial reported earnings of $1.01 per share in the same quarter last year, which indicates a negative year over year growth rate of 68.3%. The firm is scheduled to report its next earnings report on Wednesday, October 21st.

According to Zacks, analysts expect that Ally Financial will report full year earnings of $0.71 per share for the current year, with EPS estimates ranging from ($0.12) to $1.34. For the next financial year, analysts anticipate that the company will post earnings of $2.63 per share, with EPS estimates ranging from $1.39 to $3.47. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Ally Financial.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.30. Ally Financial had a return on equity of 5.82% and a net margin of 10.87%. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year.

Several research firms have commented on ALLY. Barclays reaffirmed a “hold” rating and issued a $23.00 price target on shares of Ally Financial in a report on Thursday, April 9th. Citigroup upped their price target on Ally Financial from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, June 11th. ValuEngine raised Ally Financial from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Credit Suisse Group upped their price target on Ally Financial from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, Morgan Stanley upped their price target on Ally Financial from $26.00 to $31.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $26.62.

Shares of NYSE ALLY traded down $0.42 during trading hours on Friday, hitting $20.10. 3,942,274 shares of the company’s stock were exchanged, compared to its average volume of 4,988,691. Ally Financial has a 1-year low of $10.22 and a 1-year high of $35.42. The company has a debt-to-equity ratio of 2.30, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 11.49 and a beta of 1.62. The company’s 50-day moving average price is $20.19 and its 200-day moving average price is $21.21.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $0.76 annualized dividend and a yield of 3.78%. Ally Financial’s dividend payout ratio (DPR) is 20.43%.

Large investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC raised its holdings in Ally Financial by 211.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,684 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,144 shares during the last quarter. Exane Derivatives raised its holdings in Ally Financial by 76.6% during the 1st quarter. Exane Derivatives now owns 1,766 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 766 shares during the last quarter. Carroll Financial Associates Inc. raised its holdings in Ally Financial by 59.5% during the 1st quarter. Carroll Financial Associates Inc. now owns 2,104 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 785 shares during the last quarter. Verus Capital Partners LLC bought a new stake in shares of Ally Financial in the 1st quarter valued at about $31,000. Finally, CWM LLC increased its stake in shares of Ally Financial by 6,916.3% in the 1st quarter. CWM LLC now owns 3,017 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 2,974 shares during the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.

About Ally Financial

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 and Estimates for Ally Financial (NYSE:ALLY)

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