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

Ally Financial (NYSE:ALLY) is expected to be issuing its earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $2.04 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.21. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter last year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, analysts expect Ally Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ally Financial Price Performance

Shares of ALLY opened at $33.77 on Thursday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93. Ally Financial has a 1 year low of $29.52 and a 1 year high of $45.46. The business has a 50-day moving average of $36.00 and a 200-day moving average of $36.32. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 0.32 and a beta of 1.12.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were issued a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a yield of 3.55%. Ally Financial’s payout ratio is currently 46.15%.

Insiders Place Their Bets

In other Ally Financial news, CFO Russell E. Hutchinson bought 19,100 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was purchased at an average cost of $39.45 per share, with a total value of $753,495.00. Following the transaction, the chief financial officer now directly owns 202,845 shares in the company, valued at $8,002,235.25. This trade represents a 10.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael George Rhodes purchased 25,634 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the acquisition, the chief executive officer now directly owns 25,634 shares in the company, valued at $1,002,033.06. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ALLY. The Goldman Sachs Group upped their target price on Ally Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, April 1st. Bank of America reduced their price objective on shares of Ally Financial from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Monday. BTIG Research downgraded shares of Ally Financial from a “neutral” rating to a “sell” rating and set a $30.00 target price on the stock. in a research report on Tuesday, March 25th. Wells Fargo & Company raised their price target on shares of Ally Financial from $32.00 to $34.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, Barclays upped their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.41.

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.