Wall Street analysts expect Ally Financial Inc. (NYSE:ALLY) to post earnings of $1.00 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Ally Financial’s earnings. The highest EPS estimate is $1.09 and the lowest is $0.84. Ally Financial posted earnings per share of $0.95 during the same quarter last year, which would indicate a positive year over year growth rate of 5.3%. The business is expected to issue its next quarterly earnings results on Wednesday, January 27th.
On average, analysts expect that Ally Financial will report full-year earnings of $2.33 per share for the current financial year, with EPS estimates ranging from $1.87 to $2.51. For the next fiscal year, analysts expect that the business will post earnings of $3.61 per share, with EPS estimates ranging from $3.32 to $3.90. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Ally Financial.
Ally Financial (NYSE:ALLY) last issued its earnings results on Friday, October 16th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.53. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ally Financial had a net margin of 12.22% and a return on equity of 6.46%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 earnings per share.
Several equities analysts have recently issued reports on ALLY shares. ValuEngine cut Ally Financial from a “hold” rating to a “sell” rating in a report on Thursday. Goldman Sachs Group initiated coverage on Ally Financial in a research report on Tuesday, July 7th. They issued a “buy” rating on the stock. BMO Capital Markets raised their price objective on shares of Ally Financial from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, October 19th. Wolfe Research assumed coverage on shares of Ally Financial in a research note on Friday, July 31st. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Ally Financial from $23.50 to $30.00 and gave the stock an “overweight” rating in a report on Friday, October 9th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have issued a buy rating to the company’s stock. Ally Financial presently has a consensus rating of “Buy” and an average price target of $27.63.
In other Ally Financial news, CEO Jeffrey Jonathan Brown sold 17,300 shares of the business’s stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $29.02, for a total transaction of $502,046.00. Following the completion of the sale, the chief executive officer now directly owns 715,146 shares in the company, valued at approximately $20,753,536.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.36% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Verus Capital Partners LLC acquired a new position in Ally Financial during the first quarter worth about $31,000. Valeo Financial Advisors LLC boosted its holdings in shares of 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. Global Retirement Partners LLC acquired a new position in shares of Ally Financial during the 3rd quarter worth approximately $37,000. Private Advisor Group LLC purchased a new stake in shares of Ally Financial in the second quarter valued at approximately $40,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Ally Financial in the second quarter valued at approximately $50,000. Institutional investors own 92.35% of the company’s stock.
ALLY traded down $0.86 during midday trading on Monday, hitting $28.22. 82,069 shares of the company were exchanged, compared to its average volume of 5,868,748. The company’s 50 day simple moving average is $25.96 and its 200 day simple moving average is $20.71. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 13.83 and a beta of 1.58. Ally Financial has a 1-year low of $10.22 and a 1-year high of $33.34. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 2.11.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Thursday, October 29th. Ally Financial’s dividend payout ratio is presently 20.43%.
About Ally Financial
Ally Financial Inc, a bank holding company, provides various digital financial products and services to consumer, commercial, 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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