Brokerages Expect Ally Financial Inc (ALLY) Will Post Quarterly Sales of $1.44 Billion

Analysts expect that Ally Financial Inc (NYSE:ALLY) will report $1.44 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Ally Financial’s earnings. The lowest sales estimate is $1.42 billion and the highest is $1.46 billion. Ally Financial reported sales of $1.37 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.1%. The business is scheduled to announce its next earnings results before the market opens 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 financial year, analysts forecast that the firm will post sales of $6.02 billion per share, with estimates ranging from $5.93 billion to $6.10 billion. Zacks’ sales averages 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.08. Ally Financial had a return on equity of 7.72% and a net margin of 14.75%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company posted $0.56 EPS.

A number of equities analysts have issued reports on ALLY shares. ValuEngine raised Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 22nd. Zacks Investment Research raised Ally Financial from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, September 26th. BidaskClub raised Ally Financial from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Jefferies Group reaffirmed a “buy” rating on shares of Ally Financial in a research report on Friday, September 29th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Ally Financial in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Ally Financial has an average rating of “Buy” and a consensus target price of $30.00.

Ally Financial (NYSE:ALLY) opened at $30.22 on Friday. Ally Financial has a 52-week low of $18.11 and a 52-week high of $30.24. The stock has a market capitalization of $13,360.00, a P/E ratio of 14.06, a price-to-earnings-growth ratio of 1.13 and a beta of 1.46. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.21 and a quick ratio of 1.21.

Several hedge funds have recently bought and sold shares of ALLY. Tiedemann Wealth Management LLC raised its position in shares of Ally Financial by 70.4% during the 3rd quarter. Tiedemann Wealth Management LLC now owns 20,169 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 8,332 shares in the last quarter. Toronto Dominion Bank raised its position in shares of Ally Financial by 23.0% during the 2nd quarter. Toronto Dominion Bank now owns 5,714 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 1,070 shares in the last quarter. Capital Management Associates NY acquired a new stake in shares of Ally Financial during the 3rd quarter valued at approximately $203,000. Twin Tree Management LP acquired a new stake in shares of Ally Financial during the 2nd quarter valued at approximately $215,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Ally Financial by 50.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,455 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 3,505 shares in the last quarter.

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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.

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