Ally Financial (ALLY) Expected to Announce Quarterly Earnings on Wednesday

Ally Financial (NYSE:ALLY) is anticipated to announce its 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 announced its quarterly earnings data on Friday, October 18th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.38. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.39% and a net margin of 10.84%. Ally Financial’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. 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 Stock Performance

ALLY stock traded up $1.77 during midday trading on Wednesday, hitting $37.09. The stock had a trading volume of 2,819,240 shares, compared to its average volume of 2,713,466. Ally Financial has a 52 week low of $31.77 and a 52 week high of $45.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.36. The stock has a 50-day simple moving average of $36.89 and a 200 day simple moving average of $38.02. The firm has a market capitalization of $11.30 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 0.46 and a beta of 1.44.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ALLY shares. Keefe, Bruyette & Woods lifted their target price on shares of Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays upped their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their price target on Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday. Raymond James upgraded Ally Financial from an “underperform” rating to a “market perform” rating in a research note on Monday, October 21st. Finally, Evercore ISI reduced their target price on shares of Ally Financial from $47.00 to $38.00 and set an “in-line” rating on the stock in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ally Financial currently has a consensus rating of “Hold” and a consensus price target 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.