Ally Financial (ALLY) Projected to Post Quarterly Earnings on Wednesday

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

Ally Financial (NYSE:ALLY) last posted its earnings results on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. 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 %

ALLY opened at $36.96 on Tuesday. The firm has a market capitalization of $11.26 billion, a P/E ratio of 14.79, a PEG ratio of 0.33 and a beta of 1.44. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50-day moving average is $36.85 and its 200 day moving average is $37.96. Ally Financial has a fifty-two week low of $31.77 and a fifty-two week high of $45.46.

Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders 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 48.00%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Truist Financial assumed coverage on Ally Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $42.00 target price on the stock. Keefe, Bruyette & Woods increased their target price on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a report on Thursday, December 5th. TD Cowen reduced their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Ally Financial from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Ally Financial currently has an average rating of “Hold” and a consensus target price of $42.53.

About Ally Financial

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.