Ally Financial (ALLY) to Release Quarterly Earnings on Thursday

Ally Financial (NYSE:ALLY - Get Free Report) will likely be announcing 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. Persons interested in participating in the company's earnings conference call can do so using this link.

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Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.57 by $0.21. The business had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. Ally Financial's revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. 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 Trading Up 10.5 %

ALLY stock opened at $33.77 on Thursday. The company has a market cap of $10.37 billion, a P/E ratio of 12.99, a PEG ratio of 0.32 and a beta of 1.12. Ally Financial has a twelve month low of $29.52 and a twelve month high of $45.46. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.51. The business has a fifty day moving average of $36.00 and a 200-day moving average of $36.32.

Ally Financial Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on Ally Financial from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Tuesday, April 1st. Barclays boosted 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. Compass Point upgraded shares of Ally Financial from a "neutral" rating to a "buy" rating and increased their target price for the stock from $37.00 to $41.00 in a report on Monday. Wells Fargo & Company raised their price objective on Ally Financial from $32.00 to $34.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada boosted their target price on Ally Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $42.41.

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Get Our Latest Stock Report on ALLY

Insider Buying and Selling

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

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.

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