$1.44 Billion in Sales Expected for Ally Financial Inc (ALLY) This Quarter

Wall Street brokerages predict that Ally Financial Inc (NYSE:ALLY) will post sales of $1.44 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ally Financial’s earnings, with the highest sales estimate coming in at $1.46 billion and the lowest estimate coming in at $1.39 billion. Ally Financial posted sales of $1.37 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.1%. The business is scheduled to announce its next quarterly earnings report 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 year, with estimates ranging from $5.41 billion to $6.08 billion. For the next year, analysts expect that the firm will report sales of $5.98 billion per share, with estimates ranging from $5.78 billion to $6.10 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Ally Financial.

Ally Financial (NYSE:ALLY) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. The firm had revenue of $1.46 billion during 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 quarter in the previous year, the firm posted $0.56 earnings per share.

A number of equities analysts recently commented on ALLY shares. Barclays boosted their target price 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 reiterated a “buy” rating and set a $26.00 target price on shares of Ally Financial in a research note on Friday, October 6th. Credit Suisse Group reiterated a “buy” rating and set a $28.00 target price on shares of Ally Financial in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Ally Financial from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Tuesday, January 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 target price on shares of Ally Financial in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $30.88.

Several large investors have recently made changes to their positions in ALLY. FMR LLC raised its holdings 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 buying an additional 2,461,343 shares during the last quarter. State Treasurer State of Michigan raised its holdings 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 buying an additional 2,331,967 shares during the last quarter. King Street Capital Management L.P. raised its holdings in shares of Ally Financial by 40.5% in the third quarter. King Street Capital Management L.P. now owns 6,933,000 shares of the financial services provider’s stock valued at $168,195,000 after buying an additional 2,000,000 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Ally Financial by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 18,536,031 shares of the financial services provider’s stock valued at $442,825,000 after buying an additional 1,251,678 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Ally Financial by 1,716.6% in the second quarter. Janus Henderson Group PLC now owns 1,176,263 shares of the financial services provider’s stock valued at $24,584,000 after buying an additional 1,111,513 shares during the last quarter.

Ally Financial (ALLY) opened at $30.65 on Tuesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $13,464.56, a price-to-earnings ratio of 14.19, a P/E/G ratio of 0.87 and a beta of 1.46. Ally Financial has a 12 month low of $18.11 and a 12 month high of $30.95.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 1st will be given a $0.13 dividend. The ex-dividend date is Wednesday, January 31st. This is a boost from Ally Financial’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.70%. Ally Financial’s payout ratio is 22.22%.

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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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