Brokerages forecast that Ally Financial Inc. (NYSE:ALLY – Get Rating) will post $1.84 earnings per share for the current quarter, Zacks reports. Six analysts have issued estimates for Ally Financial’s earnings, with estimates ranging from $1.69 to $1.90. Ally Financial reported earnings per share of $2.33 during the same quarter last year, which indicates a negative year-over-year growth rate of 21%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Ally Financial will report full year earnings of $7.72 per share for the current year, with EPS estimates ranging from $7.19 to $8.98. For the next fiscal year, analysts forecast that the company will post earnings of $7.77 per share, with EPS estimates ranging from $6.90 to $8.11. Zacks’ EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Ally Financial.
Ally Financial (NYSE:ALLY – Get Rating) last released its earnings results on Thursday, April 14th. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.10. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Ally Financial had a net margin of 34.73% and a return on equity of 20.89%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.09 EPS.
NYSE:ALLY traded up $2.54 on Monday, reaching $43.76. 5,207,589 shares of the company’s stock traded hands, compared to its average volume of 4,073,525. The stock has a 50-day simple moving average of $45.17 and a 200-day simple moving average of $47.91. Ally Financial has a 12 month low of $39.85 and a 12 month high of $56.61. The firm has a market cap of $14.50 billion, a PE ratio of 5.50, a P/E/G ratio of 0.17 and a beta of 1.36. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 16th. Stockholders of record on Monday, May 2nd will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, April 29th. Ally Financial’s dividend payout ratio is currently 15.09%.
In other Ally Financial news, insider Jason E. Schugel sold 2,500 shares of Ally Financial stock in a transaction on Tuesday, March 1st. The shares were sold at an average price of $49.21, for a total transaction of $123,025.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas R. Timmerman sold 2,916 shares of Ally Financial stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $47.78, for a total transaction of $139,326.48. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of ALLY. D Orazio & Associates Inc. purchased a new stake in shares of Ally Financial during the third quarter valued at $28,000. Raleigh Capital Management Inc. bought a new stake in shares of Ally Financial in the fourth quarter valued at about $29,000. Concord Wealth Partners raised its holdings in shares of Ally Financial by 109.7% in the fourth quarter. Concord Wealth Partners now owns 646 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 338 shares in the last quarter. Covestor Ltd bought a new stake in shares of Ally Financial in the fourth quarter valued at about $43,000. Finally, Missouri Trust & Investment Co bought a new stake in shares of Ally Financial in the fourth quarter valued at about $52,000. 92.69% of the stock is owned by hedge funds and other institutional investors.
Ally Financial Company Profile (Get Rating)
Ally Financial Inc, a digital financial-services company, provides various digital financial products and services to consumer, commercial, and corporate customers primarily in the United States and Canada. It operates through four segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.
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