Ally Financial (ALLY) Projected to Post Quarterly Earnings on Wednesday

Ally Financial (NYSE:ALLY) is anticipated to release its 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 that wish to listen to the company’s earnings conference call can do so using this link.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. 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 Price Performance

Shares of NYSE ALLY opened at $36.96 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. Ally Financial has a twelve month low of $31.77 and a twelve month high of $45.46. The business has a 50 day simple moving average of $36.85 and a 200-day simple moving average of $37.96. The company has a market capitalization of $11.26 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 0.33 and a beta of 1.44.

Ally Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ALLY shares. Keefe, Bruyette & Woods increased their target price on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Truist Financial initiated coverage on shares of Ally Financial in a research note on Tuesday, January 7th. They issued a “buy” rating and a $42.00 price target for the company. Wolfe Research lowered shares of Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded Ally Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.