Ally Financial (NYSE:ALLY) will release its earnings data before the market opens on Thursday, April 26th. Analysts expect Ally Financial to post earnings of $0.65 per share for the quarter.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $0.54 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. On average, analysts expect Ally Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of ALLY stock opened at $27.54 on Thursday. Ally Financial has a 52 week low of $18.11 and a 52 week high of $31.29. The firm has a market capitalization of $11,904.04, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 0.73 and a beta of 1.38. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 3.28.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Investors of record on Tuesday, May 1st will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Monday, April 30th. Ally Financial’s payout ratio is 21.76%.
A number of brokerages recently commented on ALLY. Oppenheimer set a $35.00 price target on Ally Financial and gave the stock a “buy” rating in a research note on Thursday, April 12th. Stephens reissued an “equal weight” rating on shares of Ally Financial in a research report on Thursday, April 12th. UBS started coverage on Ally Financial in a research report on Tuesday, March 27th. They set a “buy” rating and a $33.00 price objective for the company. Zacks Investment Research lowered Ally Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Finally, BMO Capital Markets raised their price objective on Ally Financial from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Monday, March 19th. Five investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Ally Financial currently has an average rating of “Buy” and an average target price of $32.94.
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About Ally Financial
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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