Ally Financial (ALLY) Projected to Post Earnings on Wednesday

Ally Financial (NYSE:ALLY) will likely be issuing its quarterly earnings data 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 listening to the company’s earnings conference call can do so using this link.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings data 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. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a net margin of 10.84% and a return on equity of 8.39%. Ally Financial’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $0.83 EPS. 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 %

Shares of Ally Financial stock opened at $36.96 on Monday. Ally Financial has a one year low of $31.77 and a one year high of $45.46. The company has a market cap 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 quick ratio of 0.92 and a current ratio of 0.92. The firm has a fifty day moving average of $36.85 and a two-hundred day moving average of $37.96.

Ally Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ALLY shares. Evercore ISI cut their price target on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a report on Monday, October 7th. StockNews.com raised shares of Ally Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Truist Financial began coverage on Ally Financial in a report on Tuesday, January 7th. They issued a “buy” rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their target price on Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. One investment 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 data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $42.53.

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.