$1.52 Billion in Sales Expected for Ally Financial Inc (ALLY) This Quarter

Equities analysts forecast that Ally Financial Inc (NYSE:ALLY) will report $1.52 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Ally Financial’s earnings, with estimates ranging from $1.48 billion to $1.53 billion. Ally Financial posted sales of $1.40 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The firm is expected to announce its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that Ally Financial will report full year sales of $6.22 billion for the current year, with estimates ranging from $6.05 billion to $6.32 billion. For the next financial year, analysts forecast that the firm will post sales of $6.50 billion, with estimates ranging from $6.21 billion to $6.79 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Ally Financial.

Ally Financial (NYSE:ALLY) last posted its earnings results on Wednesday, January 30th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.53 billion. Ally Financial had a return on equity of 10.87% and a net margin of 21.76%. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 EPS.

A number of brokerages recently issued reports on ALLY. Barclays lowered their price target on Ally Financial from $35.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, January 2nd. Oppenheimer set a $32.00 price target on Ally Financial and gave the stock a “buy” rating in a research report on Thursday, October 25th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, January 23rd. Nomura lowered their price target on Ally Financial from $28.00 to $27.00 and set a “neutral” rating for the company in a research report on Friday, October 26th. Finally, JPMorgan Chase & Co. upgraded Ally Financial from a “neutral” rating to an “overweight” rating in a research report on Thursday, December 20th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Ally Financial currently has an average rating of “Buy” and an average price target of $31.86.

In other 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 owns 102,155 shares in the company, valued at $2,691,784.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. M&T Bank Corp grew its stake in Ally Financial by 5.3% in the fourth quarter. M&T Bank Corp now owns 10,797 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 539 shares during the last quarter. ETF Managers Group LLC purchased a new position in Ally Financial in the fourth quarter valued at about $923,000. Providence Capital Advisors LLC grew its stake in Ally Financial by 3.7% in the fourth quarter. Providence Capital Advisors LLC now owns 63,408 shares of the financial services provider’s stock valued at $1,437,000 after purchasing an additional 2,288 shares during the last quarter. TD Asset Management Inc. grew its stake in Ally Financial by 0.6% in the fourth quarter. TD Asset Management Inc. now owns 385,808 shares of the financial services provider’s stock valued at $8,742,000 after purchasing an additional 2,156 shares during the last quarter. Finally, First Mercantile Trust Co. grew its stake in Ally Financial by 10.8% in the fourth quarter. First Mercantile Trust Co. now owns 12,270 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 98.15% of the company’s stock.

Shares of NYSE ALLY traded up $0.18 during midday trading on Friday, reaching $26.24. 3,214,464 shares of the stock traded hands, compared to its average volume of 3,693,851. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $10.84 billion, a P/E ratio of 7.86, a P/E/G ratio of 0.58 and a beta of 1.36. Ally Financial has a one year low of $20.60 and a one year high of $30.07.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, January 31st. This represents a $0.68 annualized dividend and a dividend yield of 2.59%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.15. Ally Financial’s dividend payout ratio (DPR) is currently 20.36%.

Ally Financial Company Profile

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

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