Ally Financial (NYSE:ALLY) Issues Earnings Results, Beats Expectations By $0.21 EPS

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

Ally Financial Stock Performance

NYSE ALLY opened at $41.40 on Wednesday. Ally Financial has a 1-year low of $31.95 and a 1-year high of $45.46. The company has a market capitalization of $12.62 billion, a P/E ratio of 16.37, a PEG ratio of 0.39 and a beta of 1.44. The business has a 50 day moving average price of $36.86 and a 200 day moving average price of $37.92. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.92 and a quick ratio of 0.92.

Ally Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, January 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.90%. Ally Financial’s dividend payout ratio (DPR) is presently 48.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays upped their price objective on shares of Ally Financial from $36.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Truist Financial assumed coverage on Ally Financial in a research report on Tuesday, January 7th. They set a “buy” rating and a $42.00 price objective for the company. Raymond James raised Ally Financial from an “underperform” rating to a “market perform” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. cut their price target on Ally Financial from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Finally, Morgan Stanley lifted their price objective on Ally Financial from $41.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.