Ally Financial Inc. (ALLY) Expected to Announce Earnings of $0.58 Per Share
Equities analysts predict that Ally Financial Inc. (NYSE:ALLY) will announce earnings per share (EPS) of $0.58 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ally Financial’s earnings, with estimates ranging from $0.54 to $0.65. Ally Financial reported earnings of $0.54 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, January 30th.
On average, analysts expect that Ally Financial will report full year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.31. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.59 per share, with EPS estimates ranging from $2.41 to $2.69. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Ally Financial.
Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.46 billion. Ally Financial had a net margin of 14.75% and a return on equity of 7.72%. During the same period last year, the company posted $0.56 EPS.
A number of institutional investors have recently made changes to their positions in the business. Tiedemann Wealth Management LLC increased its holdings in Ally Financial by 70.4% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock worth $110,000 after buying an additional 8,332 shares in the last quarter. Toronto Dominion Bank increased its holdings in Ally Financial by 23.0% in the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,070 shares in the last quarter. Capital Management Associates NY bought a new stake in Ally Financial in the 3rd quarter worth about $203,000. Capstone Asset Management Co. bought a new stake in Ally Financial in the 2nd quarter worth about $208,000. Finally, Twin Tree Management LP bought a new stake in Ally Financial in the 2nd quarter worth about $215,000.
Shares of Ally Financial (NYSE:ALLY) opened at $26.86 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32. The stock has a market cap of $11,722.35, a price-to-earnings ratio of 11.78, a PEG ratio of 2.33 and a beta of 1.46. Ally Financial has a one year low of $18.11 and a one year high of $27.27.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 1st were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Tuesday, October 31st. Ally Financial’s payout ratio is 22.22%.
TRADEMARK VIOLATION NOTICE: “Ally Financial Inc. (ALLY) Expected to Announce Earnings of $0.58 Per Share” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/12/01/ally-financial-inc-ally-expected-to-announce-earnings-of-0-58-per-share.html.
About Ally Financial
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.
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.