Ally Financial (ALLY) to Release Earnings on Wednesday

Ally Financial (NYSE:ALLYGet Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.59 per share and revenue of $2,021,808.41 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ally Financial (NYSE:ALLYGet Free Report) last issued its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.38. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, analysts expect Ally Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ally Financial Stock Down 1.1 %

NYSE ALLY opened at $36.96 on Tuesday. Ally Financial has a one year low of $31.77 and a one year high of $45.46. The company has a market capitalization of $11.26 billion, a P/E ratio of 14.79, a P/E/G ratio of 0.33 and a beta of 1.44. The stock has a 50 day moving average price of $36.85 and a 200-day moving average price of $37.96. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92.

Ally Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.25%. Ally Financial’s dividend payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ALLY shares. JPMorgan Chase & Co. cut their price objective on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Morgan Stanley boosted their price objective on shares of Ally Financial from $41.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. Barclays lifted their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company reduced their target price on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a research report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.53.

View Our Latest Research Report on ALLY

Ally Financial Company Profile

(Get Free Report)

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Earnings History for Ally Financial (NYSE:ALLY)

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