Analysts expect Ally Financial (NYSE:ALLY) to post earnings of $0.72 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Ally Financial’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.77. Ally Financial reported earnings of $0.58 per share during the same quarter last year, which indicates a positive year over year growth rate of 24.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Ally Financial will report full year earnings of $2.98 per share for the current year, with EPS estimates ranging from $2.90 to $3.05. For the next financial year, analysts forecast that the firm will report earnings of $3.36 per share, with EPS estimates ranging from $3.18 to $3.50. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Ally Financial.
Ally Financial (NYSE:ALLY) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.66 by $0.02. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.45 billion. Ally Financial had a net margin of 14.20% and a return on equity of 8.71%. During the same period last year, the company posted $0.48 EPS.
Several analysts have commented on ALLY shares. Piper Jaffray Companies restated a “buy” rating on shares of Ally Financial in a report on Friday, March 16th. Morgan Stanley dropped their target price on shares of Ally Financial from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, April 27th. BMO Capital Markets raised their target price on shares of Ally Financial from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Monday, March 19th. ValuEngine downgraded shares of Ally Financial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 1st. Finally, Sandler O’Neill restated a “hold” rating and set a $30.00 target price on shares of Ally Financial in a report on Friday, February 23rd. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $32.82.
ALLY stock traded down $0.16 during mid-day trading on Monday, hitting $26.89. 1,333,588 shares of the company were exchanged, compared to its average volume of 2,923,568. The company has a debt-to-equity ratio of 3.45, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $11.63 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.72 and a beta of 1.38. Ally Financial has a 1-year low of $18.26 and a 1-year high of $31.29.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Tuesday, May 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, April 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.93%. Ally Financial’s dividend payout ratio (DPR) is presently 21.76%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Ally Financial by 91.7% during the fourth quarter. Bank of New York Mellon Corp now owns 16,650,942 shares of the financial services provider’s stock worth $485,541,000 after buying an additional 7,967,206 shares during the last quarter. Platinum Investment Management Ltd. increased its holdings in Ally Financial by 206.5% during the fourth quarter. Platinum Investment Management Ltd. now owns 3,142,900 shares of the financial services provider’s stock worth $91,646,000 after buying an additional 2,117,500 shares during the last quarter. BlackRock Inc. increased its holdings in Ally Financial by 7.6% during the first quarter. BlackRock Inc. now owns 24,388,855 shares of the financial services provider’s stock worth $662,156,000 after buying an additional 1,716,240 shares during the last quarter. LSV Asset Management increased its holdings in Ally Financial by 104.2% during the first quarter. LSV Asset Management now owns 3,130,841 shares of the financial services provider’s stock worth $85,002,000 after buying an additional 1,597,600 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Ally Financial by 9,989.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,485,517 shares of the financial services provider’s stock worth $40,333,000 after buying an additional 1,470,794 shares during the last quarter.
Ally Financial Company Profile
Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.
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