Equities analysts expect Ally Financial Inc (NYSE:ALLY) to post sales of $1.53 billion for the current quarter, according to Zacks. Six analysts have issued estimates for Ally Financial’s earnings. The lowest sales estimate is $1.48 billion and the highest is $1.55 billion. Ally Financial posted sales of $1.46 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The business is expected to announce its next earnings results before the market opens on Thursday, July 18th.

On average, analysts expect that Ally Financial will report full-year sales of $6.25 billion for the current fiscal year, with estimates ranging from $6.15 billion to $6.40 billion. For the next year, analysts forecast that the firm will report sales of $6.47 billion, with estimates ranging from $6.22 billion to $6.67 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Ally Financial.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.01. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Ally Financial had a return on equity of 10.90% and a net margin of 23.12%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share.

A number of analysts have commented on the company. BMO Capital Markets upped their price target on Ally Financial to $39.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. Morgan Stanley upped their price target on Ally Financial from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, April 22nd. Oppenheimer set a $33.00 price target on Ally Financial and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Zacks Investment Research cut Ally Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Sandler O’Neill upgraded Ally Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $29.00 to $33.00 in a research report on Tuesday, February 26th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Ally Financial currently has an average rating of “Buy” and an average target price of $32.92.

In other Ally Financial news, Director Mayree C. Clark bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $29.71 per share, for a total transaction of $148,550.00. Following the completion of the transaction, the director now owns 46,248 shares of the company’s stock, valued at approximately $1,374,028.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David J. Debrunner sold 2,222 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $28.80, for a total value of $63,993.60. Following the sale, the chief accounting officer now owns 107,979 shares of the company’s stock, valued at approximately $3,109,795.20. The disclosure for this sale can be found here. Insiders have sold 6,666 shares of company stock valued at $191,825 in the last quarter. 0.35% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in ALLY. Assetmark Inc. boosted its stake in Ally Financial by 0.7% during the first quarter. Assetmark Inc. now owns 57,185 shares of the financial services provider’s stock valued at $1,572,000 after buying an additional 381 shares during the last quarter. LaSalle Street Capital Management LLC boosted its stake in Ally Financial by 0.6% during the fourth quarter. LaSalle Street Capital Management LLC now owns 66,608 shares of the financial services provider’s stock valued at $1,509,000 after buying an additional 392 shares during the last quarter. M&T Bank Corp boosted its stake in Ally Financial by 4.0% during the first quarter. M&T Bank Corp now owns 11,227 shares of the financial services provider’s stock valued at $309,000 after buying an additional 430 shares during the last quarter. Saturna Capital CORP boosted its stake in Ally Financial by 1.1% during the fourth quarter. Saturna Capital CORP now owns 45,125 shares of the financial services provider’s stock valued at $1,023,000 after buying an additional 500 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its stake in Ally Financial by 0.5% during the fourth quarter. Standard Life Aberdeen plc now owns 148,501 shares of the financial services provider’s stock valued at $3,321,000 after buying an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 97.19% of the company’s stock.

Shares of ALLY opened at $29.21 on Thursday. The company has a debt-to-equity ratio of 3.03, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.58 and a beta of 1.32. Ally Financial has a 52 week low of $20.60 and a 52 week high of $30.27.

Ally Financial announced that its board has initiated a stock repurchase program on Monday, April 1st that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 10.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

About Ally Financial

Ally Financial Inc provides various financial products and services to consumers, businesses, automotive dealers, and corporate customers primarily in the United States and Canada. It operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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