Ally Financial (ALLY) to Release Quarterly Earnings on Thursday

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

Ally Financial (NYSE:ALLY) last released its quarterly earnings data 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. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.02 billion. Ally Financial had a net margin of 11.29% and a return on equity of 9.31%. Ally Financial’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 EPS. 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 0.3 %

Ally Financial stock opened at $32.32 on Wednesday. The company’s fifty day moving average price is $35.51 and its two-hundred day moving average price is $36.25. 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 one year low of $29.52 and a one year high of $45.46. The company has a market capitalization of $9.93 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.32 and a beta of 1.12.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Friday, January 31st. Ally Financial’s payout ratio is 46.15%.

Analyst Ratings Changes

ALLY has been the subject of a number of research analyst reports. The Goldman Sachs Group boosted their target price on shares of Ally Financial from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their target price on Ally Financial from $43.00 to $36.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Truist Financial cut their price target on Ally Financial from $47.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 4th. StockNews.com downgraded shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Barclays upped their price target on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and an average price target of $42.41.

Insider Activity at Ally Financial

In other Ally Financial news, CFO Russell E. Hutchinson purchased 19,100 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of $39.45 per share, with a total value 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 $8,002,235.25. This represents a 10.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael George Rhodes acquired 25,634 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the acquisition, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. The trade was a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

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.