Ally Financial (NYSE:ALLY) Announces Quarterly Earnings Results

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

Ally Financial Stock Up 3.8 %

Shares of Ally Financial stock opened at $39.63 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.36. The firm has a market cap of $12.08 billion, a P/E ratio of 15.85, a P/E/G ratio of 0.39 and a beta of 1.44. Ally Financial has a fifty-two week low of $31.95 and a fifty-two week high of $45.46. The business has a 50-day moving average price of $36.86 and a 200 day moving average price of $37.92.

Ally Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Friday, January 31st. Ally Financial’s dividend payout ratio is currently 48.00%.

Analyst Ratings Changes

ALLY has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price objective on Ally Financial from $44.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price objective on Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Citigroup lifted their price objective on Ally Financial from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Ally Financial in a research report on Monday, October 21st. Finally, Evercore ISI lowered their price target on Ally Financial from $47.00 to $38.00 and set an “in-line” rating for the company in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.53.

Ally Financial Company Profile

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.