Ally Financial (ALLY) Releases Earnings Results

Ally Financial (NYSE:ALLY) posted its quarterly earnings results on Thursday. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11, MarketWatch Earnings reports. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Ally Financial had a return on equity of 9.45% and a net margin of 15.62%.

NYSE ALLY traded down $0.65 on Friday, reaching $24.36. The company had a trading volume of 4,183,870 shares, compared to its average volume of 3,192,587. The firm has a market capitalization of $10.69 billion, a P/E ratio of 10.15, a PEG ratio of 0.64 and a beta of 1.34. Ally Financial has a 52-week low of $23.69 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 business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Wednesday, October 31st. Ally Financial’s payout ratio is currently 25.10%.

A number of equities analysts recently issued reports on ALLY shares. Janney Montgomery Scott upgraded Ally Financial from a “neutral” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Friday, June 29th. Zacks Investment Research upgraded Ally Financial from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Tuesday, July 17th. TheStreet upgraded Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, July 19th. Stephens reiterated a “hold” rating and issued a $32.00 target price on shares of Ally Financial in a report on Friday, July 27th. Finally, Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and increased their target price for the stock from $33.00 to $35.00 in a report on Monday, July 30th. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $32.68.

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 for Ally Financial (NYSE:ALLY)

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