Ally Financial (NYSE:ALLY) is set to announce its earnings results before the market opens on Friday, January 21st. Analysts expect the company to announce earnings of $2.01 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, October 20th. The financial services provider reported $2.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.27. Ally Financial had a return on equity of 20.67% and a net margin of 38.75%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. On average, analysts expect Ally Financial to post $9 EPS for the current fiscal year and $7 EPS for the next fiscal year.
NYSE ALLY opened at $52.76 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. Ally Financial has a twelve month low of $36.33 and a twelve month high of $56.61. The firm has a market capitalization of $18.28 billion, a PE ratio of 6.43, a P/E/G ratio of 0.22 and a beta of 1.48. The stock’s 50 day moving average is $48.38 and its 200 day moving average is $50.54.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 15th. Shareholders of record on Tuesday, February 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.27%. This is an increase from Ally Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, January 31st. Ally Financial’s payout ratio is 12.15%.
Several equities research analysts have commented on the company. Jefferies Financial Group reissued a “buy” rating on shares of Ally Financial in a report on Tuesday, November 2nd. Raymond James boosted their target price on Ally Financial from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, January 6th. Citigroup assumed coverage on Ally Financial in a report on Wednesday, November 10th. They issued a “buy” rating and a $65.00 target price on the stock. Stephens downgraded Ally Financial from an “overweight” rating to an “equal weight” rating and set a $67.00 target price on the stock. in a report on Thursday, October 7th. Finally, Morgan Stanley boosted their target price on Ally Financial from $71.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, October 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $62.71.
In related news, CEO Jeffrey Jonathan Brown sold 15,000 shares of the company’s stock in a transaction on Wednesday, December 1st. The stock was sold at an average price of $46.42, for a total transaction of $696,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Scott A. Stengel sold 11,124 shares of the company’s stock in a transaction dated Wednesday, January 5th. The stock was sold at an average price of $50.01, for a total value of $556,311.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 43,540 shares of company stock valued at $2,087,774. 0.46% of the stock is owned by company insiders.
About Ally Financial
Ally Financial, Inc is a holding company, which provides digital financial services to consumers, businesses, automotive dealers, and corporate clients. It operates through the following segments: Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations.