For this quarter, Wall Street analysts forecast Ally Financial Inc. (ALLY) revenue in a range of $1.48 billion to $1.6 billion, which should be compared with $1.55 billion generated last year. EPS is seen in a range of $0.72 to $0.88, against the $0.79 reported a year ago.The shares have gained 5.9% since the company’s last earnings report. Over the past 12 fiscal quarters, Ally Financial Inc. (NYSE:ALLY) has topped consensus earnings estimates in 9 quarters (75%), missed earnings in 3 quarters (25%), whereas at 0 occasion EPS met analyst expectations. ALLY last reported earnings on January 30, 2019 when it released Dec-18 results that exceeded expectations. The company raked in $0.92 per share, -91.06% change on the same period last year. That was better than consensus for $0.83. Revenue for the recent quarter stood at $1.44 billion, down -2% on last year and below the $1.53 billion predicted by analysts.
ALLY’s 50 day simple moving average (SMA 50) price is $24.65 and its 200-day simple moving average (SMA 200) price is $26.05. The company’s stock currently has a total float of 409.03M shares. Its weekly volatility is hovering around 1.47% and felt 2.03% volatility in price over a month. On the upside, the share price will test short term resistance at around $27. On a downside, the stock is likely to find some support, which begins at $26.66. The failure to get near-term support could push it to $26.52.
Separately, it has been reported that multiple insider activity took place at Ally Financial Inc. (ALLY). Director Steib Michael F acquired 2,000 shares for $29,027 in transaction occurred on 2019/02/11. After making this transaction, the Director owns a direct stake of 52,940 shares, worth $778,214, as per the last closing price. On 2018/11/29 Debrunner David J, VP, CAO, Controller at ALLY, dumped 25,000 shares at an average price of $26.35 per share. The selling total is valued at $2,738,776.
Director, Magner Marjorie had invested in 1,000 shares for $21,218 through a trade on 2016/05/04. Following this activity, the insider holds 16,720 shares worth $568,855 as of recent close. Wall Street’s most bullish Ally Financial Inc. (NYSE:ALLY) analysts are predicting the share price to blow past $38 per share during the next 12 months. The current median share price forecast by them is $32, suggesting that the stock could increase 19.36% in that time frame. The average price target of $32 calls for a nearly 19.36% increase in the stock price.
It had seen a change in price target from analysts at Barclays, who reiterated the stock at Overweight on January 02 but moved PT from $35 to $34. Analysts at JP Morgan, shed their negative views on December 20 by lifting it fromNeutral to Overweight. The stock won favor of BofA/Merrill analysts who expressed their confidence in it using an upgrade from Neutral to Buy on July 30. Janney analysts came out with bullish views on June 29 when the call was made. They think the stock is now Buy compared to to their prior call for Neutral.
When looking at valuations, Ally Financial Inc. (ALLY) has a cheap P/E of 9.05x as compared to industry average of 40.54x. Moreover, it trades for 6.65 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.86x price/book and 1.22x price/sales. Compared to others, Ally Financial Inc. is in a different league with regards to profitability, having net margins of 11.7%. To put some perspective around this, the industry’s average net margin is 12.45%. ALLY’s ROE is 8%, which is also considerably worse than the industry’s ROE of 10.44%.
Ally Financial Inc. (NYSE:ALLY) shares went up 0% in Wednesday’s session, putting the price tag at $26.81 plus $11.05B in market capitalization. Earlier in the session, the stock traded between $26.71 and $27.05. Trading activity significantly weakened as the volume at ready counter decreased to 3,194,778 shares versus 3,942,905 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 3,708,423 shares. The stock is now 30.15% above against its bear-market low of $20.6 on December 26, 2018. It has retreated -8.24% since it’s 52-week high of $29.02 reached in February. Now the market price is down -4.49% on the year and up 18.31% YTD.