Analysts expect that Ally Financial (NYSE:ALLY) will report earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Ally Financial’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.68. Ally Financial posted earnings of $0.48 per share in the same quarter last year, which would suggest a positive year over year growth rate of 37.5%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Ally Financial will report full-year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.87 to $3.07. For the next financial year, analysts expect that the company will post earnings of $3.41 per share, with EPS estimates ranging from $3.23 to $3.53. Zacks Investment Research’s 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 quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year.
A number of research firms recently commented on ALLY. Stephens upgraded Ally Financial from an “underweight” rating to an “equal” rating and set a $29.00 price objective for the company in a report on Monday, April 9th. They noted that the move was a valuation call. JPMorgan Chase downgraded Ally Financial from an “overweight” rating to a “neutral” rating in a report on Friday, January 12th. ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Barclays upped their price objective on Ally Financial from $26.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, January 2nd. Finally, Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Tuesday, January 2nd. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Ally Financial has a consensus rating of “Buy” and an average price target of $32.94.
Shares of ALLY traded down $0.06 during trading hours on Monday, hitting $27.60. 1,644,483 shares of the stock traded hands, compared to its average volume of 3,103,329. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 3.28. Ally Financial has a 1-year low of $18.11 and a 1-year high of $31.29. The firm has a market capitalization of $12,025.78, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.74 and a beta of 1.38.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Tuesday, May 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, April 30th. This represents a $0.52 annualized dividend and a dividend yield of 1.88%. Ally Financial’s dividend payout ratio (DPR) is currently 21.76%.
Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in shares of Ally Financial by 3.7% in the fourth quarter. BlackRock Inc. now owns 22,672,615 shares of the financial services provider’s stock worth $661,134,000 after acquiring an additional 813,594 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Ally Financial by 91.7% in 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 acquiring an additional 7,967,206 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Ally Financial by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,914,719 shares of the financial services provider’s stock worth $143,312,000 after acquiring an additional 96,149 shares in the last quarter. Platinum Investment Management Ltd. increased its holdings in shares of Ally Financial by 206.5% in 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 acquiring an additional 2,117,500 shares in the last quarter. Finally, Eaton Vance Management increased its holdings in shares of Ally Financial by 15.7% in the fourth quarter. Eaton Vance Management now owns 1,598,915 shares of the financial services provider’s stock worth $46,624,000 after acquiring an additional 217,425 shares in the last quarter.
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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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