Equities analysts predict that Ally Financial Inc (NYSE:ALLY) will post sales of $1.48 billion for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Ally Financial’s earnings, with the lowest sales estimate coming in at $1.43 billion and the highest estimate coming in at $1.54 billion. Ally Financial posted sales of $1.46 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The company is scheduled to report its next quarterly earnings results on Wednesday, October 24th.

According to Zacks, analysts expect that Ally Financial will report full-year sales of $5.85 billion for the current financial year, with estimates ranging from $5.59 billion to $5.96 billion. For the next financial year, analysts expect that the business will post sales of $6.28 billion per share, with estimates ranging from $5.99 billion to $6.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Ally Financial.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Ally Financial had a net margin of 15.62% and a return on equity of 9.45%. During the same period in the prior year, the firm posted $0.55 earnings per share.

Several brokerages have recently commented on ALLY. Instinet began coverage on shares of Ally Financial in a research note on Tuesday, June 19th. They set a “neutral” rating and a $28.00 price objective for the company. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $33.00 to $35.00 in a research note on Monday, July 30th. Zacks Investment Research raised shares of Ally Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine downgraded shares of Ally Financial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 1st. Finally, Nomura began coverage on shares of Ally Financial in a research note on Tuesday, June 19th. They set a “neutral” rating and a $28.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Ally Financial currently has a consensus rating of “Buy” and a consensus target price of $32.75.

Shares of NYSE:ALLY opened at $26.95 on Friday. The stock has a market cap of $11.36 billion, a PE ratio of 11.28, a PEG ratio of 0.69 and a beta of 1.35. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.60. Ally Financial has a 12 month low of $21.81 and a 12 month high of $31.29.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 1st were paid a $0.15 dividend. This is an increase from Ally Financial’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Tuesday, July 31st. Ally Financial’s dividend payout ratio is presently 25.10%.

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new position in Ally Financial in the first quarter worth about $109,000. Tower Research Capital LLC TRC purchased a new stake in Ally Financial in the second quarter worth about $149,000. NumerixS Investment Technologies Inc purchased a new stake in Ally Financial in the second quarter worth about $159,000. Focused Wealth Management Inc purchased a new stake in Ally Financial in the first quarter worth about $163,000. Finally, Ostrum Asset Management purchased a new stake in Ally Financial in the first quarter worth about $221,000.

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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