Ally Financial (NYSE:ALLY – Get Free Report) posted its earnings results on Friday. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.38, Briefing.com reports. The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.03 billion. Ally Financial had a return on equity of 8.37% and a net margin of 10.26%. Ally Financial’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share.
Ally Financial Stock Down 2.3 %
NYSE:ALLY opened at $35.01 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.92 and a quick ratio of 0.91. The company’s fifty day moving average price is $37.62 and its 200-day moving average price is $39.12. Ally Financial has a 1-year low of $22.54 and a 1-year high of $45.46. The firm has a market capitalization of $10.64 billion, a P/E ratio of 14.29, a PEG ratio of 0.42 and a beta of 1.39.
Ally Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Friday, November 1st. Ally Financial’s payout ratio is 48.98%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Ally Financial
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.
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