$0.97 EPS Expected for Ally Financial Inc (NYSE:ALLY) This Quarter

Analysts forecast that Ally Financial Inc (NYSE:ALLY) will announce earnings of $0.97 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Ally Financial’s earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.92. Ally Financial posted earnings of $0.91 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, October 16th.

On average, analysts expect that Ally Financial will report full-year earnings of $3.76 per share for the current financial year, with EPS estimates ranging from $3.62 to $3.93. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.30 per share, with EPS estimates ranging from $4.05 to $4.77. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Ally Financial.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ally Financial had a return on equity of 10.89% and a net margin of 26.59%. The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 earnings per share.

ALLY has been the subject of several research analyst reports. Wells Fargo & Co reiterated a “buy” rating on shares of Ally Financial in a research report on Sunday, July 21st. Barclays increased their target price on Ally Financial from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. ValuEngine cut Ally Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Nomura increased their target price on Ally Financial from $29.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. cut Ally Financial from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $33.00 in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Ally Financial currently has an average rating of “Hold” and an average price target of $36.67.

In other news, insider Diane E. Morais sold 15,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $33.35, for a total transaction of $500,250.00. Following the sale, the insider now owns 220,048 shares of the company’s stock, valued at $7,338,600.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO David J. Debrunner sold 2,222 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $33.43, for a total value of $74,281.46. Following the sale, the chief accounting officer now directly owns 99,091 shares in the company, valued at approximately $3,312,612.13. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,666 shares of company stock valued at $716,806. 0.35% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of ALLY. PNC Financial Services Group Inc. increased its position in Ally Financial by 2.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 98,473 shares of the financial services provider’s stock valued at $2,707,000 after acquiring an additional 2,702 shares in the last quarter. GAM Holding AG increased its stake in shares of Ally Financial by 6.9% in the first quarter. GAM Holding AG now owns 34,048 shares of the financial services provider’s stock valued at $936,000 after buying an additional 2,186 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of Ally Financial by 4.6% in the first quarter. Thompson Siegel & Walmsley LLC now owns 2,049,815 shares of the financial services provider’s stock valued at $56,349,000 after buying an additional 90,675 shares during the period. Banco Santander S.A. acquired a new position in shares of Ally Financial in the first quarter valued at approximately $369,000. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of Ally Financial by 157.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 834,084 shares of the financial services provider’s stock valued at $22,929,000 after buying an additional 509,767 shares during the period. 95.51% of the stock is currently owned by hedge funds and other institutional investors.

ALLY traded up $0.59 during midday trading on Friday, reaching $31.47. The company had a trading volume of 121,422 shares, compared to its average volume of 3,847,826. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 2.62. The business has a 50-day moving average of $32.51 and a two-hundred day moving average of $30.80. The company has a market cap of $11.76 billion, a P/E ratio of 9.41, a P/E/G ratio of 0.59 and a beta of 1.30. Ally Financial has a 1 year low of $20.60 and a 1 year high of $35.42.

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 given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, October 31st. Ally Financial’s dividend payout ratio is currently 20.36%.

Ally Financial Company Profile

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Earnings History and Estimates for Ally Financial (NYSE:ALLY)

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