Ally Financial (ALLY) Set to Announce Quarterly Earnings on Thursday
Ally Financial (NYSE:ALLY) will be issuing its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.77 per share for the quarter.
Ally Financial (NYSE:ALLY) last announced its quarterly earnings data on Wednesday, January 30th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.10. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.53 billion. Ally Financial had a net margin of 21.76% and a return on equity of 10.84%. Ally Financial’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the company posted $0.70 earnings per share. On average, analysts expect Ally Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Ally Financial stock opened at $29.46 on Tuesday. The firm has a market capitalization of $11.83 billion, a PE ratio of 8.82, a P/E/G ratio of 0.49 and a beta of 1.36. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.15 and a current ratio of 1.15. Ally Financial has a 1 year low of $20.60 and a 1 year high of $29.66.
In other Ally Financial news, CEO Jeffrey Jonathan Brown sold 97,311 shares of Ally Financial stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $27.01, for a total transaction of $2,628,370.11. Following the sale, the chief executive officer now owns 632,569 shares in the company, valued at $17,085,688.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael F. Steib purchased 2,000 shares of the firm’s stock in a transaction on Monday, February 11th. The shares were acquired at an average price of $26.47 per share, for a total transaction of $52,940.00. Following the purchase, the director now directly owns 29,027 shares of the company’s stock, valued at $768,344.69. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.
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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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