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.

ALLY has been the topic of several recent research reports. Credit Suisse Group upped their price objective on shares of Ally Financial from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of Ally Financial in a report on Wednesday, October 4th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Ally Financial in a report on Thursday, October 26th. Zacks Investment Research raised shares of Ally Financial from a “sell” rating to a “hold” rating and set a $29.00 price objective on the stock in a report on Friday, October 27th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $26.00 price objective on shares of Ally Financial in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.07.

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%.

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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.

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