Ally Financial (ALLY) Scheduled to Post Quarterly Earnings on Friday

Ally Financial (NYSE:ALLY) will announce its earnings results before the market opens on Friday, October 18th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.33. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 EPS. On average, analysts expect Ally Financial to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ally Financial Trading Up 2.8 %

Shares of NYSE:ALLY opened at $35.94 on Thursday. The company has a 50 day moving average of $37.82 and a 200-day moving average of $39.18. The firm has a market cap of $10.93 billion, a P/E ratio of 14.67, a P/E/G ratio of 0.42 and a beta of 1.39. Ally Financial has a twelve month low of $22.54 and a twelve month high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 1.39.

Ally Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial’s dividend payout ratio is presently 48.98%.

Wall Street Analyst Weigh In

ALLY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, July 1st. Barclays decreased their target price on shares of Ally Financial from $44.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 12th. TD Cowen reduced their price target on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Citigroup began coverage on shares of Ally Financial in a research note on Monday, June 24th. They issued a “buy” rating and a $50.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a research note on Thursday, September 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus target price of $40.63.

Ally Financial Company Profile

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.