Equities research analysts predict that Ally Financial Inc (NYSE:ALLY) will report $1.52 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ally Financial’s earnings, with the highest sales estimate coming in at $1.57 billion and the lowest estimate coming in at $1.43 billion. Ally Financial posted sales of $1.47 billion in the same quarter last year, which suggests a positive year over year growth rate of 3.4%. The business is scheduled to announce its next quarterly earnings results on Tuesday, January 29th.
According to Zacks, analysts expect that Ally Financial will report full year sales of $5.86 billion for the current year, with estimates ranging from $5.55 billion to $5.94 billion. For the next fiscal year, analysts expect that the firm will report sales of $6.27 billion, with estimates ranging from $6.00 billion to $6.45 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Ally Financial.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.11. Ally Financial had a return on equity of 10.25% and a net margin of 16.87%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion.
Several equities analysts have recently issued reports on the company. Stephens reiterated a “hold” rating and issued a $32.00 price target on shares of Ally Financial in a research note on Friday, July 27th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, September 25th. Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and lifted their price target for the company from $33.00 to $35.00 in a research note on Monday, July 30th. Oppenheimer set a $35.00 price target on Ally Financial and gave the company a “buy” rating in a research note on Thursday, October 4th. Finally, ValuEngine lowered Ally Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $32.50.
Shares of ALLY opened at $25.32 on Monday. Ally Financial has a 52-week low of $23.69 and a 52-week high of $31.29. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $10.46 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 1st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, October 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.37%. Ally Financial’s dividend payout ratio is currently 25.10%.
A number of hedge funds have recently modified their holdings of the stock. Putnam Investments LLC grew its position in Ally Financial by 0.3% during the 2nd quarter. Putnam Investments LLC now owns 839,837 shares of the financial services provider’s stock worth $22,062,000 after acquiring an additional 2,225 shares during the last quarter. Legacy Financial Advisors Inc. grew its position in Ally Financial by 58.1% during the 3rd quarter. Legacy Financial Advisors Inc. now owns 6,152 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 2,261 shares during the last quarter. Providence Capital Advisors LLC grew its position in Ally Financial by 3.9% during the 3rd quarter. Providence Capital Advisors LLC now owns 61,120 shares of the financial services provider’s stock worth $1,617,000 after acquiring an additional 2,291 shares during the last quarter. First Republic Investment Management Inc. grew its position in Ally Financial by 20.6% during the 2nd quarter. First Republic Investment Management Inc. now owns 13,423 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 2,292 shares during the last quarter. Finally, First Mercantile Trust Co. grew its position in Ally Financial by 27.6% during the 2nd quarter. First Mercantile Trust Co. now owns 11,230 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 2,430 shares during the last quarter.
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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