Ally Financial (NYSE:ALLY) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Ally Financial (NYSE:ALLY) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21, Briefing.com reports. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2,021,808.41 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. Ally Financial’s revenue for the quarter was up 3.6% on a year-over-year basis.

Ally Financial Stock Performance

Shares of NYSE ALLY opened at $40.12 on Friday. Ally Financial has a 12-month low of $31.95 and a 12-month high of $45.46. The company has a market cap of $12.22 billion, a PE ratio of 16.05, a P/E/G ratio of 0.40 and a beta of 1.44. The stock has a 50 day simple moving average of $36.92 and a 200-day simple moving average of $37.93. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36.

Ally Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.99%. Ally Financial’s payout ratio is currently 48.00%.

Wall Street Analyst Weigh In

ALLY has been the subject of a number of recent analyst reports. 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 raised their price objective on shares of Ally Financial from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Jefferies Financial Group upped their target price on shares of Ally Financial from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday. Royal Bank of Canada lifted their price target on Ally Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wolfe Research cut Ally Financial from an “outperform” rating to a “peer perform” rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and an average price target of $43.47.

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.