Ally Financial (NYSE:ALLY – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Friday, October 18th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Ally Financial (NYSE:ALLY – Get Free Report) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.33. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Ally Financial had a net margin of 10.26% and a return on equity of 8.37%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. On average, analysts expect Ally Financial to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Ally Financial Price Performance
Shares of NYSE ALLY opened at $34.97 on Wednesday. Ally Financial has a one year low of $22.54 and a one year high of $45.46. The firm has a market cap of $10.63 billion, a PE ratio of 14.27, a PEG ratio of 0.42 and a beta of 1.39. The firm has a fifty day moving average of $37.90 and a 200 day moving average of $39.20. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.91 and a current ratio of 0.92.
Ally Financial Announces Dividend
Analysts Set New Price Targets
ALLY has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on Ally Financial from $49.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. TD Cowen lowered their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Wells Fargo & Company lowered their price target on Ally Financial from $37.00 to $32.00 and set an “underweight” rating on the stock in a report on Thursday, September 26th. BTIG Research cut Ally Financial from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Finally, Bank of America decreased their price target on Ally Financial from $46.00 to $37.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.63.
Read Our Latest Report on Ally Financial
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.
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