$1.47 Billion in Sales Expected for Ally Financial Inc (ALLY) This Quarter

Brokerages predict that Ally Financial Inc (NYSE:ALLY) will report sales of $1.47 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Ally Financial’s earnings. The highest sales estimate is $1.50 billion and the lowest is $1.43 billion. Ally Financial posted sales of $1.38 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The company is scheduled to report its next earnings results on Thursday, April 26th.

On average, analysts expect that Ally Financial will report full-year sales of $1.47 billion for the current fiscal year, with estimates ranging from $5.72 billion to $6.10 billion. For the next financial year, analysts anticipate that the business will report sales of $6.25 billion per share, with estimates ranging from $6.06 billion to $6.39 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Ally Financial.

Ally Financial (NYSE:ALLY) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.11. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share.

Several analysts recently weighed in on the company. Wells Fargo & Co restated an “outperform” rating and issued a $35.00 price objective (up from $30.00) on shares of Ally Financial in a report on Wednesday, January 31st. Morgan Stanley lifted their price objective on Ally Financial from $28.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. ValuEngine upgraded Ally Financial from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Credit Suisse Group lifted their price objective on Ally Financial from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $36.00 price objective on shares of Ally Financial in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.56.

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Ally Financial by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 8,683,736 shares of the financial services provider’s stock worth $210,668,000 after purchasing an additional 114,270 shares in the last quarter. Bank of Nova Scotia bought a new position in Ally Financial in the second quarter worth about $2,262,000. State Treasurer State of Michigan raised its holdings in 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 worth $91,289,000 after purchasing an additional 2,331,967 shares in the last quarter. Saturna Capital CORP purchased a new stake in shares of Ally Financial during the third quarter worth about $635,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Ally Financial by 2.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 179,000 shares of the financial services provider’s stock worth $4,361,000 after acquiring an additional 3,600 shares during the last quarter.

Shares of Ally Financial (NYSE ALLY) opened at $27.21 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 firm has a market capitalization of $12,030.00, a PE ratio of 13.40, a P/E/G ratio of 0.75 and a beta of 1.39. Ally Financial has a fifty-two week low of $18.11 and a fifty-two week high of $31.29.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 1st will be issued a $0.13 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This is an increase from Ally Financial’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 1.91%. Ally Financial’s payout ratio is currently 25.62%.

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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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Earnings History and Estimates for Ally Financial (NYSE:ALLY)

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