Ally Financial (ALLY) Projected to Post Earnings on Wednesday

Ally Financial (NYSE:ALLY) is expected to post its quarterly earnings results before the market opens on Wednesday, January 22nd. Analysts expect Ally Financial to post earnings of $0.59 per share and revenue of $2,021,808.41 billion for the quarter.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.57 by $0.38. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $0.83 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. On average, analysts expect Ally Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Ally Financial Trading Up 5.0 %

NYSE:ALLY traded up $1.77 on Wednesday, reaching $37.09. The company’s stock had a trading volume of 2,819,240 shares, compared to its average volume of 2,713,466. Ally Financial has a 1-year low of $31.77 and a 1-year high of $45.46. The business’s 50-day moving average price is $36.89 and its two-hundred day moving average price is $38.02. The firm has a market cap of $11.30 billion, a PE ratio of 14.84, a PEG ratio of 0.46 and a beta of 1.44. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.92 and a current ratio of 0.92.

Analysts Set New Price Targets

A number of analysts recently issued reports on ALLY shares. Keefe, Bruyette & Woods increased their target price on Ally Financial from $44.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Raymond James raised shares of Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. Citigroup boosted their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. StockNews.com upgraded Ally Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, TD Cowen cut their price target on Ally Financial from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Ally Financial currently has an average rating of “Hold” and a consensus target price of $42.53.

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.