Ally Financial (ALLY) Expected to Announce Quarterly Earnings on Thursday

Ally Financial (NYSE:ALLY - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $2.04 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Ally Financial (NYSE:ALLY - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.21. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. The business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.02 billion. During the same period in the prior year, the firm posted $0.45 EPS. The business's quarterly revenue was up 3.6% compared to the same quarter last year. On average, analysts expect Ally Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Ally Financial Stock Up 0.3 %

Shares of NYSE ALLY traded up $0.11 during midday trading on Tuesday, hitting $32.32. 3,097,911 shares of the company's stock were exchanged, compared to its average volume of 3,518,836. The firm's fifty day simple moving average is $35.51 and its 200-day simple moving average is $36.25. The company has a market cap of $9.93 billion, a PE ratio of 12.43, a P/E/G ratio of 0.32 and a beta of 1.12. Ally Financial has a twelve month low of $29.52 and a twelve month high of $45.46. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.93 and a quick ratio of 0.93.

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Ally Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.30 per share. The ex-dividend date was Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. Ally Financial's dividend payout ratio is presently 46.15%.

Insiders Place Their Bets

In related news, CFO Russell E. Hutchinson bought 19,100 shares of the firm's stock in a transaction on Friday, January 24th. The shares were bought at an average cost of $39.45 per share, for a total transaction of $753,495.00. Following the transaction, the chief financial officer now owns 202,845 shares of the company's stock, valued at approximately $8,002,235.25. This trade represents a 10.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael George Rhodes purchased 25,634 shares of the stock in a transaction dated Monday, January 27th. The shares were bought at an average cost of $39.09 per share, for a total transaction of $1,002,033.06. Following the completion of the purchase, the chief executive officer now owns 25,634 shares in the company, valued at approximately $1,002,033.06. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Ally Financial from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Barclays lifted their target price on Ally Financial from $36.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Truist Financial decreased their target price on Ally Financial from $47.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, April 4th. Compass Point raised Ally Financial from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $37.00 to $41.00 in a research report on Monday, April 7th. Finally, Bank of America reduced their price objective on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $42.41.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.