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

Ally Financial (NYSE:ALLY) is scheduled to announce its earnings results before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Friday, January 19th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Ally Financial had a net margin of 12.42% and a return on equity of 9.41%. During the same period in the previous year, the company posted $1.08 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

Shares of ALLY opened at $36.59 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $11.12 billion, a P/E ratio of 12.24, a P/E/G ratio of 0.54 and a beta of 1.40. The company’s fifty day moving average is $37.58 and its two-hundred day moving average is $32.69. Ally Financial has a 1 year low of $22.54 and a 1 year high of $41.56.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ALLY shares. Barclays boosted their price objective on shares of Ally Financial from $32.00 to $43.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Ally Financial in a research note on Wednesday, January 10th. They issued a “buy” rating and a $47.00 price objective on the stock. Raymond James cut shares of Ally Financial from a “market perform” rating to an “underperform” rating in a research note on Friday, January 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $40.00 price target on shares of Ally Financial in a research note on Monday, January 22nd. Finally, JPMorgan Chase & Co. cut shares of Ally Financial from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $37.00 to $39.00 in a research note on Wednesday, April 3rd. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.59.

Institutional Investors Weigh In On Ally Financial

Hedge funds have recently modified their holdings of the company. Salem Investment Counselors Inc. lifted its stake in shares of Ally Financial by 115.0% during the first quarter. Salem Investment Counselors Inc. now owns 645 shares of the financial services provider’s stock valued at $28,000 after buying an additional 345 shares during the period. PCA Investment Advisory Services Inc. acquired a new position in Ally Financial in the 2nd quarter valued at $30,000. Natixis purchased a new position in shares of Ally Financial during the 4th quarter worth $41,000. Hobbs Group Advisors LLC acquired a new stake in shares of Ally Financial during the fourth quarter worth $46,000. Finally, Harbour Investments Inc. grew its position in shares of Ally Financial by 25.3% in the fourth quarter. Harbour Investments Inc. now owns 2,287 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 462 shares during the period. 88.76% of the stock is owned by institutional investors and hedge funds.

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.