Wall Street analysts forecast that Ally Financial Inc. (NYSE:ALLY) will report sales of $1.44 billion for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Ally Financial’s earnings, with estimates ranging from $1.42 billion to $1.46 billion. Ally Financial reported sales of $1.37 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.1%. The company is expected to issue its next earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Ally Financial will report full year sales of $1.44 billion for the current fiscal year, with estimates ranging from $5.70 billion to $6.08 billion. For the next year, analysts expect that the business will report sales of $6.02 billion per share, with estimates ranging from $5.93 billion to $6.10 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Ally Financial.

Ally Financial (NYSE:ALLY) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the company earned $0.56 earnings per share.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Ally Financial from a “sell” rating to a “hold” rating and set a $29.00 price objective for the company in a research note on Friday, October 27th. Barclays PLC increased their price objective on shares of Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. BMO Capital Markets increased their price objective on shares of Ally Financial from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Morgan Stanley increased their price objective on shares of Ally Financial from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Finally, BTIG Research reissued a “buy” rating and issued a $30.00 price objective on shares of Ally Financial in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $26.93.

Shares of Ally Financial (NYSE ALLY) opened at $25.65 on Tuesday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $11,306.69, a price-to-earnings ratio of 11.36, a PEG ratio of 2.25 and a beta of 1.46. Ally Financial has a 52 week low of $18.11 and a 52 week high of $26.93.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.87%. Ally Financial’s dividend payout ratio is 22.22%.

TRADEMARK VIOLATION WARNING: “Ally Financial Inc. (ALLY) Expected to Post Quarterly Sales of $1.44 Billion” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/11/14/ally-financial-inc-ally-expected-to-post-quarterly-sales-of-1-44-billion.html.

A number of hedge funds have recently added to or reduced their stakes in ALLY. Hotchkis & Wiley Capital Management LLC lifted its position in Ally Financial by 262.5% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 5,275,900 shares of the financial services provider’s stock valued at $110,266,000 after purchasing an additional 3,820,400 shares during the last quarter. Thrivent Financial For Lutherans bought a new position in Ally Financial during the second quarter valued at $54,346,000. Canada Pension Plan Investment Board lifted its position in Ally Financial by 36.6% during the second quarter. Canada Pension Plan Investment Board now owns 9,244,175 shares of the financial services provider’s stock valued at $193,203,000 after purchasing an additional 2,476,190 shares during the last quarter. FMR LLC raised its stake in shares of Ally Financial by 72.4% in the second quarter. FMR LLC now owns 5,860,209 shares of the financial services provider’s stock valued at $122,479,000 after acquiring an additional 2,461,343 shares during the period. Finally, State Treasurer State of Michigan raised its stake in shares of Ally Financial by 163.0% in the third quarter. State Treasurer State of Michigan now owns 3,762,933 shares of the financial services provider’s stock valued at $91,289,000 after acquiring an additional 2,331,967 shares during the period.

Ally Financial Company Profile

Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.

Get a free copy of the Zacks research report on Ally Financial (ALLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ally Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ally Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.