$1.47 Billion in Sales Expected for Ally Financial Inc (ALLY) This Quarter
Equities analysts expect Ally Financial Inc (NYSE:ALLY) to post sales of $1.47 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Ally Financial’s earnings. The lowest sales estimate is $1.43 billion and the highest is $1.50 billion. Ally Financial posted sales of $1.38 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The firm is expected to report its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Ally Financial will report full-year sales of $1.47 billion for the current year, with estimates ranging from $5.72 billion to $6.10 billion. For the next fiscal year, analysts forecast that the firm will post sales of $6.25 billion per share, with estimates ranging from $6.06 billion to $6.39 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Ally Financial.
Ally Financial (NYSE:ALLY) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.11. Ally Financial had a return on equity of 8.10% and a net margin of 13.73%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. Ally Financial’s revenue was up 7.7% on a year-over-year basis.
Ally Financial (NYSE:ALLY) traded up $0.18 on Friday, reaching $28.49. The company had a trading volume of 4,048,693 shares, compared to its average volume of 3,870,000. Ally Financial has a fifty-two week low of $18.11 and a fifty-two week high of $31.29. The company has a market capitalization of $12,600.00, a price-to-earnings ratio of 14.03, a PEG ratio of 0.73 and a beta of 1.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.32.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 1st will be paid a dividend of $0.13 per share. The ex-dividend date is Wednesday, January 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.83%. This is a positive change from Ally Financial’s previous quarterly dividend of $0.12. Ally Financial’s dividend payout ratio (DPR) is 25.62%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC increased its stake in shares of Ally Financial by 3.4% during the fourth quarter. Teachers Advisors LLC now owns 1,029,575 shares of the financial services provider’s stock worth $30,022,000 after purchasing an additional 33,931 shares during the period. Two Sigma Investments LP bought a new position in shares of Ally Financial during the fourth quarter worth approximately $1,308,000. Ellington Management Group LLC bought a new position in shares of Ally Financial during the fourth quarter worth approximately $385,000. Stone Ridge Asset Management LLC bought a new position in shares of Ally Financial during the fourth quarter worth approximately $681,000. Finally, Deutsche Bank AG increased its stake in shares of Ally Financial by 36.3% during the fourth quarter. Deutsche Bank AG now owns 443,250 shares of the financial services provider’s stock worth $12,921,000 after purchasing an additional 117,983 shares during the period.
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About Ally Financial
Ally Financial Inc is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities.
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