Ally Financial (ALLY) Scheduled to Post Quarterly Earnings on Friday

Ally Financial (NYSE:ALLY) is scheduled to be issuing 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 interested in listening to the company’s conference call can do so using this link.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.33. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same period in the previous year, the company 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 Stock Performance

ALLY stock opened at $35.94 on Thursday. The firm has a market cap of $10.93 billion, a PE ratio of 14.67, a P/E/G ratio of 0.42 and a beta of 1.39. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 1.39. The business has a 50 day moving average of $37.82 and a 200-day moving average of $39.18. Ally Financial has a 12-month low of $22.54 and a 12-month high of $45.46.

Ally Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 1st. This represents a $1.20 annualized dividend and a dividend yield of 3.34%. Ally Financial’s dividend payout ratio is currently 48.98%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ALLY shares. Evercore ISI reduced their price objective on Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. Bank of America reduced their price objective on Ally Financial from $46.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. BTIG Research lowered shares of Ally Financial from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. TD Cowen dropped their target price on shares of Ally Financial from $45.00 to $37.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ally Financial from $51.00 to $50.00 and set a “buy” rating for the company in a report on Monday, July 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Ally Financial presently has an average rating of “Hold” and an average price target of $40.63.

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.