Zacks: Analysts Anticipate Ally Financial Inc (ALLY) Will Announce Quarterly Sales of $1.53 Billion

Equities analysts forecast that Ally Financial Inc (NYSE:ALLY) will post sales of $1.53 billion for the current quarter, according to Zacks. Six analysts have provided estimates for Ally Financial’s earnings, with the lowest sales estimate coming in at $1.49 billion and the highest estimate coming in at $1.57 billion. Ally Financial reported sales of $1.47 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.1%. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, January 30th.

According to Zacks, analysts expect that Ally Financial will report full year sales of $5.90 billion for the current fiscal year, with estimates ranging from $5.87 billion to $5.94 billion. For the next year, analysts forecast that the firm will report sales of $6.30 billion, with estimates ranging from $6.12 billion to $6.45 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Ally Financial.

Ally Financial (NYSE:ALLY) last posted its quarterly earnings results on Thursday, October 25th. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Ally Financial had a net margin of 16.87% and a return on equity of 10.25%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion.

Several analysts recently issued reports on ALLY shares. Zacks Investment Research raised shares of Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Tuesday, September 25th. Oppenheimer set a $35.00 price target on shares of Ally Financial and gave the company a “buy” rating in a research report on Thursday, October 4th. Nomura reduced their price target on shares of Ally Financial from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. ValuEngine downgraded shares of Ally Financial from a “hold” rating to a “sell” rating in a research report on Saturday, October 27th. Finally, Piper Jaffray Companies set a $34.00 price target on shares of Ally Financial and gave the company a “buy” rating in a research report on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $32.25.

NYSE ALLY traded up $0.45 during mid-day trading on Friday, hitting $24.72. The company’s stock had a trading volume of 3,261,115 shares, compared to its average volume of 3,376,989. Ally Financial has a twelve month low of $20.60 and a twelve month high of $31.29. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.48. The company has a market cap of $10.01 billion, a P/E ratio of 10.34, a PEG ratio of 0.53 and a beta of 1.29.

In other Ally Financial news, CAO David J. Debrunner sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $26.35, for a total transaction of $658,750.00. Following the transaction, the chief accounting officer now directly owns 102,155 shares in the company, valued at approximately $2,691,784.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Magnolia Group LLC bought a new stake in shares of Ally Financial during the 3rd quarter worth $48,473,000. Glenmede Trust Co. NA raised its stake in shares of Ally Financial by 1,831.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 1,593,018 shares of the financial services provider’s stock worth $42,134,000 after purchasing an additional 1,510,537 shares during the period. Canyon Capital Advisors LLC raised its stake in shares of Ally Financial by 37.4% during the 3rd quarter. Canyon Capital Advisors LLC now owns 5,314,449 shares of the financial services provider’s stock worth $140,567,000 after purchasing an additional 1,447,325 shares during the period. Janus Henderson Group PLC raised its stake in shares of Ally Financial by 86.2% during the 2nd quarter. Janus Henderson Group PLC now owns 2,163,208 shares of the financial services provider’s stock worth $56,827,000 after purchasing an additional 1,001,501 shares during the period. Finally, Man Group plc raised its stake in shares of Ally Financial by 4,404.1% during the 3rd quarter. Man Group plc now owns 987,529 shares of the financial services provider’s stock worth $26,120,000 after purchasing an additional 965,604 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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