Brokerages expect that Ally Financial Inc (NYSE:ALLY) will post sales of $1.48 billion for the current quarter, Zacks reports. Five analysts have made estimates for Ally Financial’s earnings, with estimates ranging from $1.43 billion to $1.54 billion. Ally Financial reported sales of $1.46 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.4%. The business is expected to report its next quarterly earnings results before the market opens on Thursday, October 25th.

On average, analysts expect that Ally Financial will report full-year sales of $5.85 billion for the current year, with estimates ranging from $5.62 billion to $5.96 billion. For the next fiscal year, analysts expect that the firm will post sales of $6.31 billion, with estimates ranging from $6.21 billion to $6.50 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for Ally Financial.

Ally Financial (NYSE:ALLY) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.83 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.12. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Ally Financial had a net margin of 15.62% and a return on equity of 9.45%. During the same period in the prior year, the firm earned $0.55 EPS.

Several research firms have weighed in on ALLY. Oppenheimer set a $35.00 price target on shares of Ally Financial and gave the company a “buy” rating in a report on Thursday, October 4th. Zacks Investment Research cut shares of Ally Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Bank of America raised shares of Ally Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $33.00 to $35.00 in a report on Monday, July 30th. Stephens reissued a “hold” rating and issued a $32.00 price target on shares of Ally Financial in a report on Friday, July 27th. Finally, TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a report on Thursday, July 19th. Eight analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Ally Financial has a consensus rating of “Buy” and a consensus target price of $32.75.

Ally Financial stock traded up $0.17 during trading hours on Monday, hitting $26.13. The company had a trading volume of 3,065,798 shares, compared to its average volume of 3,159,644. The stock has a market cap of $11.16 billion, a P/E ratio of 10.93, a P/E/G ratio of 0.68 and a beta of 1.34. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 3.60. Ally Financial has a one year low of $23.90 and a one year high of $31.29.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 1st will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $0.60 annualized dividend and a dividend yield of 2.30%. Ally Financial’s dividend payout ratio is presently 25.10%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Fund Management S.A. bought a new position in Ally Financial in the second quarter valued at approximately $15,987,000. Bank of Nova Scotia bought a new position in Ally Financial in the second quarter valued at approximately $1,681,000. Toronto Dominion Bank increased its stake in Ally Financial by 43.2% in the second quarter. Toronto Dominion Bank now owns 43,331 shares of the financial services provider’s stock valued at $1,138,000 after acquiring an additional 13,063 shares during the last quarter. BlackRock Inc. increased its stake in Ally Financial by 8.8% in the second quarter. BlackRock Inc. now owns 26,537,339 shares of the financial services provider’s stock valued at $697,136,000 after acquiring an additional 2,148,484 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in Ally Financial in the second quarter valued at approximately $159,000. 98.96% of the stock is currently owned by institutional investors.

About Ally Financial

Ally Financial Inc provides various financial products and services for consumers, businesses, automotive dealers, and corporate clients in the United States and Canada. The company operates Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.

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Earnings History and Estimates for Ally Financial (NYSE:ALLY)

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