Equities research analysts expect that Ally Financial Inc (NYSE:ALLY) will announce earnings of $0.80 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ally Financial’s earnings, with the lowest EPS estimate coming in at $0.73 and the highest estimate coming in at $0.86. Ally Financial posted earnings per share of $0.65 during the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Ally Financial will report full year earnings of $3.11 per share for the current fiscal year, with EPS estimates ranging from $3.03 to $3.22. For the next fiscal year, analysts expect that the business will post earnings of $3.58 per share, with EPS estimates ranging from $3.30 to $3.87. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Ally Financial.

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

A number of equities research analysts recently weighed in on the company. Instinet assumed coverage on Ally Financial in a research note on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 price target on the stock. Zacks Investment Research cut Ally Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $33.00 to $35.00 in a research note on Monday, July 30th. Nomura assumed coverage on Ally Financial in a research note on Tuesday, June 19th. They issued a “neutral” rating and a $28.00 price target on the stock. Finally, TheStreet upgraded Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, July 19th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Ally Financial has a consensus rating of “Buy” and an average target price of $32.75.

ALLY traded up $0.17 during trading hours on Friday, reaching $26.13. The company’s stock had a trading volume of 3,065,798 shares, compared to its average volume of 3,159,644. Ally Financial has a 52 week low of $23.90 and a 52 week high of $31.29. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 3.60. The stock has a market cap of $11.16 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 0.68 and a beta of 1.34.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, October 31st. Ally Financial’s dividend payout ratio is 25.10%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new stake in shares of Ally Financial during the 2nd quarter worth $149,000. NEXT Financial Group Inc acquired a new stake in shares of Ally Financial during the 3rd quarter worth $153,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Ally Financial during the 2nd quarter worth $159,000. Ostrum Asset Management acquired a new stake in shares of Ally Financial during the 1st quarter worth $221,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of Ally Financial during the 1st quarter worth $223,000. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

About Ally Financial

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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