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

Ally Financial (NYSE:ALLY) is set to release its earnings data before the market opens on Friday, October 18th. Analysts expect Ally Financial to post earnings of $0.79 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.33. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm earned $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 Stock Performance

NYSE ALLY opened at $35.11 on Friday. 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 has a twelve month low of $22.54 and a twelve month high of $45.46. The stock has a 50-day moving average of $38.32 and a 200 day moving average of $39.33. The stock has a market capitalization of $10.67 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.37 and a beta of 1.39.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.30 dividend. The ex-dividend date is Friday, November 1st. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. Ally Financial’s dividend payout ratio is currently 48.98%.

Analyst Ratings Changes

ALLY has been the topic of a number of research analyst reports. BTIG Research lowered Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Keefe, Bruyette & Woods reduced their target price on shares of Ally Financial from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company cut their price objective on shares of Ally Financial from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Thursday, September 26th. Royal Bank of Canada lowered their target price on Ally Financial from $49.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ally Financial presently has an average rating of “Hold” and an average 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.