Analysts Anticipate Ally Financial Inc. (NYSE:ALLY) Will Announce Earnings of $2.00 Per Share

Equities analysts expect Ally Financial Inc. (NYSE:ALLY – Get Rating) to announce earnings of $2.00 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Ally Financial’s earnings. The highest EPS estimate is $2.33 and the lowest is $1.85. Ally Financial posted earnings of $2.33 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 14.2%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Ally Financial will report full-year earnings of $7.84 per share for the current fiscal year, with EPS estimates ranging from $7.46 to $8.75. For the next fiscal year, analysts forecast that the business will report earnings of $7.55 per share, with EPS estimates ranging from $6.81 to $8.18. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Ally Financial.

Ally Financial (NYSE:ALLY – Get Rating) last announced its quarterly earnings data on Thursday, April 14th. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.93 by $0.10. Ally Financial had a net margin of 34.73% and a return on equity of 21.56%. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis.

A number of research firms have weighed in on ALLY. JPMorgan Chase & Co. cut shares of Ally Financial from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $65.00 to $56.00 in a research note on Wednesday, January 19th. Raymond James decreased their target price on shares of Ally Financial from $57.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, April 18th. Wells Fargo & Company decreased their target price on shares of Ally Financial from $57.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, April 18th. Morgan Stanley decreased their target price on shares of Ally Financial from $73.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, March 28th. Finally, StockNews.com began coverage on shares of Ally Financial in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ally Financial presently has a consensus rating of “Buy” and a consensus price target of $59.92.

In other Ally Financial news, insider Jason E. Schugel sold 2,500 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $45.00, for a total transaction of $112,500.00. Following the sale, the insider now owns 82,476 shares of the company’s stock, valued at $3,711,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. D Orazio & Associates Inc. acquired a new position in shares of Ally Financial during the third quarter valued at about $28,000. Raleigh Capital Management Inc. acquired a new position in shares of Ally Financial during the fourth quarter valued at about $29,000. Concord Wealth Partners raised its holdings in shares of Ally Financial by 109.7% during the fourth quarter. Concord Wealth Partners now owns 646 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 338 shares during the period. Covestor Ltd acquired a new position in shares of Ally Financial during the fourth quarter valued at about $43,000. Finally, Versant Capital Management Inc raised its holdings in shares of Ally Financial by 1,510.6% during the first quarter. Versant Capital Management Inc now owns 1,063 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 997 shares during the period. 94.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE ALLY traded down $0.32 during midday trading on Monday, reaching $41.50. 27,076 shares of the company were exchanged, compared to its average volume of 4,138,396. The stock’s 50-day moving average price is $43.11 and its 200-day moving average price is $46.77. The stock has a market cap of $13.41 billion, a P/E ratio of 5.25, a PEG ratio of 0.17 and a beta of 1.32. Ally Financial has a one year low of $39.62 and a one year high of $56.61. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.21.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 16th. Shareholders of record on Monday, May 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Friday, April 29th. This represents a $1.20 dividend on an annualized basis and a yield of 2.89%. Ally Financial’s dividend payout ratio (DPR) is currently 15.09%.

About Ally Financial (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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