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Ally Financial Inc

Ally Financial Inc (ALLY)

38.80
0.44
(1.15%)
Closed May 25 4:00PM
38.80
0.00
(0.00%)
After Hours: 5:24PM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
38.80
Bid
-
Ask
-
Volume
1,843,156
38.4782 Day's Range 39.16
22.54 52 Week Range 41.77
Market Cap
Previous Close
38.36
Open
38.61
Last Trade
2
@
38.75
Last Trade Time
Financial Volume
$ 71,781,167
VWAP
38.9447
Average Volume (3m)
3,338,993
Shares Outstanding
303,959,432
Dividend Yield
3.09%
PE Ratio
11.56
Earnings Per Share (EPS)
3.36
Revenue
8.44B
Net Profit
1.02B

About Ally Financial Inc

Ally Financial Inc is a diversified financial services firm that services automotive dealers and their retail customers. The company operates as a financial holding company and a bank holding company. Its banking subsidiary, Ally Bank, caters to the direct banking market through Internet, mobile, an... Ally Financial Inc is a diversified financial services firm that services automotive dealers and their retail customers. The company operates as a financial holding company and a bank holding company. Its banking subsidiary, Ally Bank, caters to the direct banking market through Internet, mobile, and mail. The company reports four business segments including Automotive Finance operations, Insurance operations, Mortgage Finance operations and Corporate Finance operations. Show more

Sector
State Commercial Banks
Industry
State Commercial Banks
Website
Headquarters
Detroit, Michigan, USA
Founded
1970
Ally Financial Inc is listed in the State Commercial Banks sector of the New York Stock Exchange with ticker ALLY. The last closing price for Ally Financial was $38.36. Over the last year, Ally Financial shares have traded in a share price range of $ 22.54 to $ 41.77.

Ally Financial currently has 303,959,432 shares outstanding. The market capitalization of Ally Financial is $11.79 billion. Ally Financial has a price to earnings ratio (PE ratio) of 11.56.

Ally Financial (ALLY) Options Flow Summary

Overall Flow

Bearish

Net Premium

-28k

Calls / Puts

75.00%

Buys / Sells

100.00%

OTM / ITM

600.00%

Sweeps Ratio

0.00%

ALLY Latest News

Ally Financial to present at the Morgan Stanley US Financials, Payments & CRE Conference

Ally Financial to present at the Morgan Stanley US Financials, Payments & CRE Conference PR Newswire CHARLOTTE, N.C., May 22, 2024 CHARLOTTE, N.C., May 22, 2024 /PRNewswire/ -- Ally Financial...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-1.75-4.3156596794140.5540.6137.88207453839.14507907CS
4-0.42-1.0708822029639.2241.7737.88244806039.49208542CS
121.784.8082117774237.0241.7735.36333899338.59409751CS
2611.6442.857142857127.1641.7726.5384671435.92187562CS
5212.1745.700337964726.6341.7722.54415639731.19203961CS
156-14.6-27.3408239753.456.6121.585429956934.95124211CS
2609.632.876712328829.256.6110.22449054032.16158931CS

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ALLY Discussion

View Posts
Monksdream Monksdream 2 months ago
ALLY new 52 week hi
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Monksdream Monksdream 4 months ago
ALLY new 52 week high
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Monksdream Monksdream 4 months ago
Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall&orderBy=percentChange&orderDir=desc
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swanlinbar swanlinbar 12 months ago
ALLY > Ally Financial to present at the Morgan Stanley US Financials, Payments & CRE Conference
10:00 am ET May 24, 2023 (PR Newswire) Print
Ally Financial Inc. (NYSE: ALLY) President of Dealer Financial Services, Doug Timmerman, will present at the Morgan Stanley US Financials, Payments & CRE Conference on Monday, June 12, 2023 at approximately 8:45 a.m. ET.

A live audio webcast will be available on the day of the conference at http://www.ally.com/about/investor/under the Events and Presentations section of the Investor Relations website.A replay will also be available.

About Ally Financial

Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves more than 11 million customers through a full range of online banking services (including deposits, mortgage, point-of-sale personal lending, and credit card products) and securities brokerage and investment advisory services. The company also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies, as well as auto financing and insurance offerings. For more information, please visitwww.ally.comand follow @allyfinancial.

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

For further images and news on Ally, please visit http://media.ally.com.

Contacts:

Sean LearyAlly Investor Relations704-444-4830sean.leary@ally.com

Peter GilchristAlly Communications (Media)704-644-6299peter.gilchrist@ally.com

https://c212.net/c/img/favicon.png?sn=DE09015&sd=2023-05-24

Love my 3.85 int. rate
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entertaininvesting entertaininvesting 1 year ago
As CVNA turns around with EBITDA positive this year, this is a great opportunity for Ally - will be able to grow its loan portfolio as well!
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UpTickMeA$AP UpTickMeA$AP 1 year ago
You mean bye bye bye you bonehead bank...... Right?

Bu-bye Ally!!! Say hi to the FDIC for me!

https://www.marketwatch.com/story/20-banks-that-are-sitting-on-huge-potential-securities-lossesas-was-svb-c4bbcafa
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Nighthawk_1 Nighthawk_1 1 year ago
I just saw some recent news regarding carvana trying to sell $4B in car loan debt to ally, which I would believe to be a GRAVE mistake on ally's part. Ally would then be on the hook for all those car loans that could turn around and backfire where individuals with those loans would default. Ally would take a grave hit to any of their funding and profits. But hey, this is my opinion. Personally, I would just let carvana swim in their own crap...LOL. I would not buy their debts and take losses.
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T695 T695 1 year ago
Buy buy buy you boneheads
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luckydude777 luckydude777 4 years ago
Looking for some NICE upside tomorrow. Expecting the entire financial sector (XLF) to get some loving!
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cashclan cashclan 5 years ago
I also wonder...




Will the Credit Union, Bank and REIT be in Crypto Currency ?


We doggy............ My Cards suggest ... US Treasury Backed Crypto Currency


Ally ...you sly DOG you $$$

Would that TRUMP all the other Cryto Currency out there ?
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cashclan cashclan 5 years ago
Just wondering ...


Those matching Divvy's @ .17 ...Mine say PEG Inc a spin-off @ PTEL 16,000,000 1:1 in the ENTI/PTEL/MMX deal did a 1700:1 something. Is that .17 ?

Then I got -1,000,000 DUTV -7,000 PTEL in my activity log @ Apex Clearing (Ally) Followed by 4 ENTI cert shares. "1" was attached and Delivered to my ENTI J105 Shares. Still have 3 MIA certs. 240 SEC shorts at PTEL. Osceolia Gold did a fly through ENTI. SREH converted to ABVG and my 8000 ABVG divvy's then went "poof" after signing that Apex Clearing (Ally) Money Market Agreement. Beverage holding company Hmmm...

Seems like that leaves 20.4 Million at PTEL. Nasdaq Ready low and behold has 20.4 Million added and F/S kind of matches 400 Million Encounter Tech divvy's IOU payment for IYP ( Internet Yellow Pages). Funny the the Nasdaq Ready does Video Ad streaming #1 in eCommerce the site said. IYP being a Intuitive Computer Codex.

Is the Platform Ally got from Zecco a Intuitive Computer trading Codex ?

Is Ally the underwriter or US Treasury or both ?

Someone left me with a BLANK Check $___________________________.00 I think it is signed US Treasury. Dam Immediate Release Cash payable Divvy payment was late in 2010. They were in a CASH account.
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cashclan cashclan 5 years ago
I wonder

will the Real-Estate/Gold/MMJ REIT be from another mother or have Ally roots ?

Ally did verify verbally they still hold my $250,000,000.00 SEC complaint on that Zecco account they acquired when acquiring TradeKing...

I was informed the acquisition was complete April of 2017. After signing a money market account to access my Apex Clearing (Ally) account I wonder when Dodd/Frank kicks in...$2 threshold is my understanding some say higher. Somewhere I read Ally bought $275,000,000.00 in Zecco assets after the $250,000,000.00 SEC complaint was filed. Then Zecco merged with TradeKing...and the Government released 54 million in Ally assets. I guess to cover the so called Computer "Glitch" at Zecco in 2010-11. 54 million X 30.62 = 1.65 Billion plus 275 Million about 2 Billion on the table ?

Now having worked for the government before. Those assets have to be packaged and offered to the public I believe.

Is this the last day before Record day on those Ally divvy's ? Ally's price seems low ?

NEW credit Union and Bank ?
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cashclan cashclan 5 years ago
Hmmm...


Unsecured? There was a computer "Glitch" if I remember the terminology correctly, or just diversifying. Zecco merged with TradeKing. Ally acquired Tradeking.

.17 per on those Ally Divvy's I heard. I have some Divvy's from another mother at .17...

Other mothers mother said Credit Union and Bank IPO. 1.469 Billion shares with paper I've heard. Still haven't received my exit divvy's yet..hmmm 5% on 30 billion shares. Clearing those divvy's would have to get in the $2-30 range to touch my Apex Clearing (Ally) account...I mean Ally is at $30 right


Money money money..Bank
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whytestocks whytestocks 5 years ago
News: $ALLY Ally Financial Reports Second Quarter 2019 Financial Results

CHARLOTTE, N.C. , July 18, 2019 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today reported its second quarter 2019 financial results. View the full press release in PDF . The news release, presentation and financial supplement also can be accessed in the following ways: Al...

In case you are interested Ally Financial Reports Second Quarter 2019 Financial Results
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whytestocks whytestocks 5 years ago
News: $ALLY Ally Financial, Inc. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / July 18, 2019 / Ally Financial, Inc. (NYSE: ALLY ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on July 18, 2019 at 9:00 AM Eastern Time. To listen to the event live or access a replay of the call - visit https://...

Read the whole news Ally Financial, Inc. to Host Earnings Call
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EL CHAPO EL CHAPO 5 years ago
Keep adding daily
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stocky101 stocky101 7 years ago
Huge beat on earnings
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winchem21 winchem21 7 years ago
Ally Announces Normalization of Regulatory Capital Requirements at Ally Bank

Roll-off of $2.7 billion from Ally Bank to Ally Financial increases likelihood of high interest unsecured debt being paid off as scheduled over next several years.

https://media.ally.com/2017-08-22-Ally-Announces-Normalization-of-Regulatory-Capital-Requirements-at-Ally-Bank

Commitment to Maintain a Tier 1 Leverage Ratio of At Least 15% and Other Application Commitments Released

DETROIT, Aug. 22, 2017 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) today announced that the Federal Reserve has released Ally Bank from the capital, liquidity, and business plan commitments that had been made in connection with its application for membership in the Federal Reserve System, including the commitment to maintain a Tier 1 leverage ratio of at least 15%. Ally Bank may now manage its capital and liquidity subject to applicable regulatory requirements and, as a result, is expected to distribute a dividend of approximately $2.9 billion to Ally Financial Inc. during the third quarter of 2017.
"The release of these application commitments is a significant milestone for the company," said Ally Chief Executive Officer Jeffrey J. Brown. "This development completes the process of normalizing our regulatory framework, allowing us to optimize our capital and funding structure on a level playing field with other banks, and is a critical step in ensuring we remain on track for delivering on our financial and strategic objectives."
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cashclan cashclan 7 years ago
I was just wondering





as Zecco was late filling a immediate release divvy in my CASH account. That caused a $250,000,000.00 SEC complaint, of which neither Zecco nor TradeKing nor Ally nor the SEC has responded to in writing. Ally at some point bought a $275,000,000.00 asset from Zecco. From there Zecco merged with Tradeking. Now Ally is acquiring TradeKing. Apex Clearing is the agent. Have shares and a cert in my now Ally account that seems to need to be cleared under Dodd/Frank...plus 3 MIA certs that are still owed...estimate those 3 MIA certs equal 3,000,000 shares. Not sure how you buy shares and place them in a account that has to be cleared...We'll see...


IMO...the account is a $_________________.00 check.

at this point...as, being late in a CASH account is not a good thing.

Ally has the football now...imo.

1.4 Billion in Ally assets or there about were sold buy the government. Along or about the same time as a brokerage computer Glitch. Question is to who? Was it as Settlement? If so, in that case being Government Property. It would have to be offered to the Public. That is why I ask is there a Equity Stake in Ally without taking a position. Forming a Banking subsidiary to fund MMJ?


I ask here, as none of the above will address the issues...and .08-.12 seems to be the range at a investment seemingly connected to that account with the possible 1.675 Billion market liability.


CASH


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cashclan cashclan 7 years ago
Be interesting to






Know.


If Ally is crafting a Equity Investment stock exchange to fund the MMJ industry...within a subsidiary separate of ALLY ... seeing the Industry does not have a Bank...and Canada just went legal...

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winchem21 winchem21 7 years ago
Ally Announces Non-Objection to 2017 Capital Plan 9% Higher Share Repurchases and 50% Dividend Increase

https://media.ally.com/2017-06-28-Ally-Announces-Non-Objection-to-2017-Capital-Plan

$760 million in share repurchase during the Q3 17 - Q2 18 period represents 7.7% of current market cap. New dividend yield is 2.2%.

DETROIT, June 28, 2017 -- Ally Financial Inc. (NYSE: ALLY) today announced that the Federal Reserve did not object to the company's capital plan as part of the Comprehensive Capital Analysis and Review. Ally's capital plan includes the following actions:

A $0.04 increase in the quarterly cash dividend on common stock from $0.08 per share to $0.12 per share, expected to begin in the third quarter of 2017, subject to consideration and approval by the Ally Board of Directors; and

A 9% increase in the Company's share repurchase program, which has been authorized by the Ally Board of Directors, permitting the Company to repurchase up to $760 million of the company's common stock from time to time from the third quarter of 2017 through the second quarter of 2018.

"After initiating common capital distributions one year ago, we are very pleased to announce increases to both our common stock dividend and share repurchase program, reflecting the strength of our financial profile," said Ally Chief Executive Officer Jeffrey J. Brown. "We remain focused on driving long-term value for our shareholders, and efficiently managing capital is a critical component of that strategy."

Shares acquired under the repurchase program are expected to be used for general corporate purposes and may be available for resale, including in connection with the company's compensation and employee-benefit plans. The repurchase program enables the company to acquire shares through open market purchases or privately negotiated transactions, including through a Rule 10b5-1 plan, at the discretion of the company's management and on terms (including quantity, timing, and price) that the company's management determines to be necessary, appropriate, or advisable.
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Cbdpotential Cbdpotential 7 years ago
Yes!
ALLY
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winchem21 winchem21 7 years ago
Ally Financial to Host March 21 Financial Outlook Conference Call

http://seekingalpha.com/pr/16770511-ally-financial-host-financial-outlook-conference-call

CHARLOTTE, N.C., March 14, 2017 /PRNewswire/ -- Ally Financial (ALLY) (NYSE: ALLY) will host a Financial Outlook conference call on Tuesday, March 21, from 9:00 a.m. – 10:00 a.m. EDT. The call will be hosted by Chris Halmy, chief financial officer, Brad Brown, corporate treasurer, and Dave Shevsky, chief risk officer.

Presentation materials will be available around 7:30 a.m. at http://www.ally.com/about/investor/ under the Events and Presentations section of the Investor Relations website.

Conference Call Information: Dial 844-530-6677 (or +1-508-637-5641 for international access) at least 10 minutes prior to the start time and enter the conference ID code 88224574. A live audio webcast will be available on the day of the conference at http://www.ally.com/about/investor/ under the Events and Presentations section of the Investor Relations website.

Archive: A taped replay of this call will be made available from 12:30 p.m. EDT on Mar. 21, 2017, until Mar. 28, 2017. Please dial 855-859-2056 (or +1-404-537-3406 for international access) and enter the conference ID code 88224574 to access the taped replay. A replay of the webcast will also be made available on the Ally Investor Relations website.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ally-financial-to-host-financial-outlook-conference-call-300423256.html

SOURCE Ally Financial

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I-Man I-Man 7 years ago
As God as my witness here, and for what I and my family had to endure the last 3 years regarding ALLY Bank (all the way to Jeffrey Brown, CEO) by and through S. Gilliland, and corrupt broker/dealer loan facilities out there, We will see the demise of Ally Bank and violations of US Banking Commission laws and financial loan transaction ethic laws as a start!

Already Class Action building, and we will contact those law firms ourselves to build upon this as they have hurt and ruined many sound citizens credit reports in a way of "financial extortion" today, and after being bailed out from the old GMAC under Obama, these ruthless scumbags of a "Lender/Banker) will see Jeffrey brown and others behind bars sitting with Bernie Madoff !!!

This is one stock I relish naked shortseller groups to attack until there is only 1 cent value left to the PPS ...
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winchem21 winchem21 7 years ago
Ally Financial up 15.34% since Monday's close

Ally Financial was up:
2.57% today
2.50% Thursday
2.27% Wednesday
7.26% Tuesday.

This bank is still undervalued.
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winchem21 winchem21 7 years ago
Ally Financial Is The Cheapest Bank Around
http://seekingalpha.com/article/4041515-ally-financial-cheapest-bank-around

This is still the case. In a down market week, Ally Financial was up 2.50% today, 2.27% yesterday, and 7.26% Tuesday. Over 12.4% increase since Monday. Earnings call gave the same news as last quarter. Investors are starting to listen; this still has a way to run.

Ally has a tremendous leadership team and a well thought out business plan which they have been executing for some time. They have also been buying back 7-8% of their stock annually since the price is so low. The SA article does a superb job laying out what they are doing. Think startup mentality with the aggressive steps they are taking.
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winchem21 winchem21 7 years ago
Ally Financial +7% after earnings beat

Ally (formerly known as GMAC) currently has the makings of a startup company staffed by active entrepreneur-executives in Charlotte with significant Bank of America experience. Brand new bank of the future with no branches, new credit card, new mortgage and acquired brokerage/wealth management businesses. Deposits in rapidly growing branchless bank will be replacing expensive unsecured long-term debt over next several years. This company knows ins and outs of auto loan business and very effective at managing risk in that arena. ALLY is also buying back 7-8% of its shares annually. IMO, no brainer long-term investment at these valuations...

http://seekingalpha.com/news/3239234-ally-financial-plus-7-percent-earnings-beat








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winchem21 winchem21 7 years ago
Ally Financial Reports Full Year and Fourth Quarter 2016 Financial Results
Full Year 2016 Net Income of $1.1 billion, $2.15 EPS, $2.16 Adjusted EPS1
Fourth Quarter Net Income of $248 million, $0.52 EPS, $0.54 Adjusted EPS1

https://www.multivu.com/players/English/8028451-ally-financial-full-year-and-fourth-quarter-2016-results/docs/press-release-1033468661.pdf
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I-Man I-Man 7 years ago
Mr. Jeffrey Brown (CEO) came out of Charlotte, NC and BAC under Ken Lay's term (was in Treasury Dept)) running BAC and the same crooked, evil mindset is what will see ALLY (former GMAC) becomes its own demise in the end. Most of the US banking giants are crooked and a day of reckogning is coming for them all.

ALLY through RV/auto dealerships out there is/has been creating a new bubble of sorts in collusions to get any deal done under any pretense just to make loans irregardless how customers/borrowers are treated by said dealerships, etc..

Watch, research, and you will learn more major embarrassment coming for ALLY and other banks just like recently what was revealed about Wells Fargo and their criminal activities...

Time for the CEO's to go to REAL JAIL and STOP this sort of legalized corruption in banking industry ruining many decent American account holders all in the name of "making money at all costs" by these banks and their high executive Directorships... TO glorify any of these bank CEO's right now is like glorifying the Devil himself...

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BottomBounce BottomBounce 8 years ago
$ALLY http://thewellesleysnews.com/2016/09/20/analyst-research-roundup-amyris-inc-nasdaqamrs-ally-financial-inc-nyseally/
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Danna Danna 10 years ago
Im a little leery about this one. I think having 38% owned by government and it being reduced down today to half that after the IPO is a plus. But it still has alot of debt and still owes the government a lot of money so I am seriously on the fence not a good momo stock.. IMHO...If anyone has any other out looks for this stock " potential" I love to hear it..
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RichWPX RichWPX 10 years ago
Nice and fresh ticker, how many do we have here?
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Danna Danna 10 years ago
Watching ALly this morning deciding...Not sure about this one..
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Danna Danna 10 years ago
Ally Financial Inc. Earnings Conference Call (Q4 2013)
old but interesting..
http://biz.yahoo.com/cc/5/139555.html
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Danna Danna 10 years ago
All of the shares are offered by Treasury as part of its planned exit of its investment in Ally. After giving effect to the issuance and sale of shares in the initial public offering, Treasury will own 17 percent of the shares of Ally's outstanding common stock. Including the initial public offering, Treasury has recovered $17.7 billion on the Ally investment, which is approximately $500 million more than was originally invested in the company.

Citigroup, Goldman, Sachs & Co., Morgan Stanley and Barclays are acting as joint global coordinators and joint book-running managers on the offering. Joint book-running managers also include BofA Merrill Lynch, Deutsche Bank Securities and J.P. Morgan.
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Danna Danna 10 years ago
DETROIT, April 9, 2014 /PRNewswire/ -- Ally Financial Inc. (Ally) today announced the pricing of its initial public offering of 95,000,000 shares of common stock at a price to the public of $25 per share. The underwriters of the offering will have a 30-day option to purchase up to an additional 14,250,000 shares of common stock from the U.S. Department of the Treasury (Treasury) at the initial public offering price. Ally's common stock is expected to begin trading on the New York Stock Exchange on Thursday, April 10, under the ticker symbol "ALLY."
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Danna Danna 10 years ago
Recent Ally NEWS :

http://finance.yahoo.com/news/ally-financial-announces-pricing-initial-220000614.html

http://seekingalpha.com/article/2133373-nearly-everything-about-ally-financial-ipo-is-promising-for-investors

http://buzz.money.cnn.com/2014/04/08/ally-financial-ipo/?source=yahoo_quote

http://video.cnbc.com/gallery/?video=3000265897&__source=yahoo|headline|quote|video|&par=yahoo

http://buzz.money.cnn.com/2014/04/09/biggest-week-for-ipos-in-8-years/?source=yahoo_quote


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garrett800ca garrett800ca 19 years ago
Test
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StockTrader StockTrader 22 years ago
Tuesday April 16, 9:02 am Eastern Time
Press Release
SOURCE: Alliance Gaming Corp.
Alliance Gaming, Harrah's Entertainment Team Up on Record Systems Conversion; All 25 Harrah's Properties Now Run SDS(R)
LAS VEGAS, April 16 /PRNewswire-FirstCall/ -- Alliance Gaming Corp. (Nasdaq: ALLY - news) announced today that its slot accounting system partnership with Harrah's Entertainment, Inc. (NYSE: HET - news) has reached a new level of cooperation with a record conversion at Showboat Atlantic City, the last of 25 properties owned or managed by Harrah's to install SDS from the Company's Bally Gaming and Systems business unit.

The SDS installation team from Bally Systems and Harrah's displaced the old system at Showboat Atlantic City and installed SDS on 3,600 slot machines in 59 days, a record installation time for a casino of this size. The final phase of the conversion lasted an unprecedented 10 days.

A systems installation typically involves both hardware and software in each slot machine, a variety of back-end equipment and a thorough testing cycle. An installation for a casino of Showboat's size typically takes 90-120 days. Averaging more than 400 machines per day, the SDS installation was the largest slot-machine conversion project in Harrah's history.

``The team that Harrah's rallied together to make the Showboat installation happen was truly remarkable,' said Bill Watson, Senior Vice President and General Manager of Bally Systems. ``And I believe our team also showed why Bally Systems is the number one slot accounting system provider to the gaming industry.'

``We were able to accomplish the conversion with virtually no disruption to customer service and no appreciable impact to revenue generation at the Showboat,' said Tom O'Donnell, Senior Vice President and General Manager of the Showboat.

In a systems relationship between Harrah's and Bally Systems dating back to 1988, the Showboat installation also marked another milestone as the final Harrah's property to install SDS, which now links more than 42,000 machines at Harrah's properties. Harrah's is now the only major casino corporation in the world to enjoy the technology and efficiency benefits of a single slot data system solution.

``We value our relationship and partnership with Harrah's Entertainment throughout all levels of Bally Gaming and Systems,' said Robert Miodunski, President and Chief Executive Officer of Alliance Gaming. ``As a true technology innovator in the gaming industry, Harrah's has proven to be a valuable collaborative partner as we work together to help define the slot floor of the future.'

SDS technology is an integral part of Harrah's core capabilities, which include the Total Rewards database, the customer-relationship management system and company-wide daily slot-performance analysis.

``This is a tremendous milestone for Harrah's,' said John M. Boushy, Harrah's Entertainment's Senior Vice President, Operations, Products and Services and Chief Information Officer. ``The unprecedented convergence of our slot machines into a single analytical tool provides us with a unique and comprehensive view of our national slot inventory and slot floors almost instantaneously.

``Prior data system conversions have led to sound improvements in operations, marketing and financial performance,' Boushy continued. ``With SDS fully operational at our 25 properties, we expect to see continual improvement in these areas as a result of the capabilities built into and around the system.'

Alliance Gaming is a diversified gaming company with headquarters in Las Vegas. The company is engaged in the design, manufacture, distribution and operation of advanced gaming devices and systems worldwide, is the nation's largest gaming machine route operator, and operates two casinos. Additional information about the company can be found on the Alliance Gaming web site at www.ally.com .

Founded in 1937, Harrah's Entertainment, Inc. is the most recognized and respected name in the casino-entertainment industry, operating 25 casinos in the United States, primarily under the Harrah's brand name. Harrah's Entertainment is focused on building loyalty and value with its target customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. More information about Harrah's Entertainment is available on the company's web site, www.harrahs.com .

This news release may contain ``forward-looking' statements within the meaning of the Securities Act of 1933, as amended, and is subject to the safe harbor created thereby. Such information involves important risks and uncertainties that could significantly affect the results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements. Future operating results may be adversely affected as a result of a number of risks detailed from time to time in the company's filings with the Securities and Exchange Commission.

For further information, please contact: investors and media, Robert L. Saxton of Alliance Gaming Corp., +1-702-270-7600.

SOURCE: Alliance Gaming Corp.



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Alliance Gaming Reports Record Quarterly Results; Increases Fiscal 2002 Guidance; Provides First Guidance for Fiscal 2003


19:25 EDT Wednesday, April 10, 2002



LAS VEGAS, April 10 /PRNewswire-FirstCall/ -- Alliance Gaming Corporation (Nasdaq: ALLY) today announced a 133% increase in earnings to a record $15.9 million, or $0.32 per diluted share ($0.64 on a pre-split basis) for its third fiscal quarter ending March 31, 2002. For the comparable quarter ended March 31, 2001, the Company reported earnings of $6.8 million, or $0.16 per diluted share.


Results for the March 2002 quarter include:
-- Record consolidated revenues of $154.8 million, an increase of 12% from
the $138.5 million in the prior year quarter. Contributing to this
increase was a 39% increase in revenues at the Bally Gaming and Systems
business unit.
-- Record consolidated EBITDA of $32.8 million, an increase of 41% from
the $23.2 million in the prior year quarter. This increase was led by
a 115% increase in EBITDA at Bally Gaming and Systems.
-- Record consolidated operating income grew 53% to $24.7 million compared
to $16.1 million in the prior year quarter.
-- The Company now has net positive shareholders' equity (book value) for
the first time since the acquisition of Bally Gaming International,
Inc. in 1996.


Fiscal Year 2002 Updated Guidance
-- For the fiscal year ended June 30, 2002, before the effect of a
potential one-time tax benefit, the Company expects to report earnings
in the range of $1.00 to $1.03 per diluted share based on 48 million
weighted average shares outstanding for the year (or $2.00 to $2.06
pre-split). These earnings do not reflect any Federal income taxes as
the earnings were offset against net operating loss (NOL) carry
forwards. Revenues are expected to exceed $590 million and EBITDA is
expected to exceed $108 million.
-- At June 30, 2002, the Company expects to record a one-time tax benefit
in the range of $32 million to $36 million, or $0.64 to $0.72 per
share. This non-cash item would result from a reduction of previously
recorded valuation reserves against net deferred tax assets, primarily
NOLs, which would be realizable as a result of the Company's current
and projected levels of taxable income.


Fiscal Year 2003 Guidance
-- For fiscal 2003, the Company expects earnings per share of at least
$0.82 on 50 million shares outstanding, reflecting the impact of
Federal income tax expense after several years of generating NOL carry
forwards. The fiscal 2003 guidance reflects an increase in earnings
per share compared to $0.66 to $0.68 (or $1.00 to $1.03 pretax) in
fiscal 2002 as if such earnings reflected Federal income tax expense.

Consolidated net interest expense for the current quarter totaled $6.5 million compared to $8.4 million in the prior year period, resulting from substantially lower interest rates on the Company's term loan facility.

The Company recorded an income tax provision of $0.9 million in the current quarter compared to $0.1 million in the prior year quarter. The current quarter tax provision represents primarily estimated state income taxes and a $0.5 million provision for German income taxes. Federal taxable income for the period has been completely offset against net operating loss (NOL) carry-forwards.

As of March 31, 2002, the Company had $49.0 million of cash and cash equivalents, of which approximately $23.7 million was held for operational purposes vaults, cages and change banks and $7.7 million was held in restricted jackpot reserve accounts.

For the current quarter, consolidated capital expenditures, including costs for proprietary games, totaled $10.6 million and compared to $6.7 million for the prior year period. The increase was primarily driven by the continued deployment of wide-area progressive games. Additionally, the Company paid approximately $8.5 million, net of cash received, for the acquisition of ACSC.

Effective July 1, 2001, the Company elected to adopt the provisions of Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets", whereby amortization of goodwill ceased, increasing earnings per share for the quarter by less than $0.01.

The Company will hold its conference call on Thursday, April 11th at 10 a.m. PDT (1 p.m. EDT). The Company will broadcast the conference call over the Internet. All interested parties are asked to log on to the call at www.ally.com using the Investor Relations tab 10 minutes prior to the start of the call.

EBITDA Summary

Earnings before interest, taxes, depreciation and amortization (EBITDA) for the Company's business units are as follows (Dollars in millions):


EBITDA Summary
Three Months Ended Nine Months Ended
March 31, March 31,
2002 2001 2002 2001


Bally Gaming and Systems $16.4 $7.7 $40.7 $24.2
Route Operations 7.6 6.2 20.8 18.1
Casino Operations 7.0 8.1 19.1 20.9
Bally Wulff 4.5 3.9 10.2 9.3
Corporate office expense (2.7) (2.7) (7.7) (7.8)
Alliance total EBITDA $32.8 $23.2 $83.1 $64.7

Bally Gaming and Systems Revenues Increases 39%, EBITDA Increases 115%

The following chart summarizes the financial information for the Bally Gaming and Systems business unit (Dollars in millions):


Three Months Ended Nine Months Ended
March 31, March 31,
2002 2001 2002 2001
Revenues
Game sales $24.5 $23.8 $72.4 $62.0
System sales 18.9 11.0 43.5 31.7
Gaming operations 14.1 6.6 38.4 19.9
Total revenues $57.5 $41.4 $154.3 $113.6


Gross Margin % 58% 48% 57% 52%


EBITDA $16.4 $7.7 $40.7 $24.2
EBITDA Margin 28.6% 18.5% 26.4% 21.3%


Operating Income $13.6 $5.4 $33.6 $17.8


New Gaming Devices Sold 3,025 2,700 8,770 7,400
Game Monitoring Units Sold 13,675 8,300 31,250 22,800
End of period installed
base of WAP and daily-fee
games 3,740 2,670 3,740 2,670
Average Installed base
of WAP
And daily-fee games 3,700 2,645 3,550 2,700

Bally Gaming and Systems business unit reported a 39% increase in revenues over the prior year's quarter. Revenues from sales of gaming devices increased 3% over the prior year's quarter primarily as a result of a 12% increase in the number of units sold and a slightly lower average selling price. Bally Systems revenues increased 72% over the prior year quarter primarily as a result of continued strength in new system installations and higher levels of recurring hardware and software support revenues resulting from the larger base of installed systems. Gaming Operations revenues increased 112% over the prior year's quarter as a result of a 41% increase in the installed base of wide-area progressive (WAP) and daily-fee games deployed, which now total 2,440 and 1,300, respectively. During the quarter we deployed an additional 470 WAP and daily-fee games, led by the installation of 270 Popeye(R) units.

The Bally Gaming and Systems EBITDA improved 115% to $16.4 million, which is a new record for this business unit, compared to $7.7 million in the comparative prior year period. This increase resulted from the above mentioned improvements in revenues and margins driven by the larger proportion of high margin gaming operations revenues.

On March 19, 2002, the Company completed the acquisition of Advance Casino Systems Corporation (ACSC), a provider of hotel and casino management systems, which is included in the reported results for Bally Gaming and Systems.

Route Operations Revenues Increase 3%, EBITDA Increases 22%

The following chart summarizes the combined financial information for the Nevada route operations and the Louisiana-based Video Services, Inc. operations (Dollars in millions):


Three Months Ended Nine Months Ended
March 31, March 31,
2002 2001 2002 2001


Revenues
Nevada $53.6 $52.0 $156.1 $150.4
Louisiana 4.2 4.4 11.2 12.8
Total revenues 57.8 56.4 167.3 163.2


EBITDA
Nevada 6.8 5.4 18.9 15.7
Louisiana 0.8 0.8 1.9 2.4
Total EBITDA 7.6 6.2 20.8 18.1


EBITDA Margin
Nevada 13% 10% 12% 10%
Louisiana 19% 18% 17% 19%


Operating Income $4.6 $3.7 $11.8 $11.2


Average Number of
Gaming Devices
Nevada 8,240 8,180 8,260 8,060
Louisiana 730 680 690 680
Total Gaming Devices 8,970 8,860 8,950 8,740

For the Nevada route operations, EBITDA increased $1.4 million, or 25%, compared to the prior year quarter. Net win per day per gaming machine increased 1% to $70.50 in the current quarter compared to $70.20 in the prior year quarter, and the average number of gaming machines deployed increased 1% over the prior year quarter. At March 31, 2002, the Gamblers Bonus product was available at 390 locations and was installed in over 3,980 gaming machines or 48% of the Nevada route's total installed base of gaming machines.

The decrease in revenues at VSI is due primarily to a 10% decrease in net win per day per gaming machine to $63.40 from $70.30 in the prior year quarter offset by a 7% increase in the number of units deployed which resulted from the opening of one new OTB with 70 games. The addition of the one new location helped VSI reverse several quarters of year-over-year declines in EBITDA, however this market remains very competitive given the number of truck stop casinos in the metro New Orleans area.

Casino Operations Reports 6% Decrease in Revenues, 14% Decrease in EBITDA

The following chart summarizes combined financial information for the Rainbow Casino in Vicksburg, Mississippi, and the Rail City Casino in Sparks, Nevada (Dollars in millions):


Three Months Ended Nine Months Ended
March 31, March 31,
2002 2001 2002 2001


Revenues
Rainbow Casino $13.9 $15.2 $39.8 $41.0
Rail City Casino 5.1 5.0 15.0 14.1
Total Revenues 19.0 20.2 54.8 55.1


EBITDA
Rainbow Casino 5.6 6.7 15.0 17.1
Rail City Casino 1.4 1.4 4.1 3.8
Total EBITDA 7.0 8.1 19.1 20.9


EBITDA Margin
Rainbow Casino 40% 44% 38% 42%
Rail City Casino 28% 28% 28% 27%


Operating Income $6.4 $7.5 $17.6 $19.2


Average Number of
Gaming Devices
Rainbow Casino 975 935 945 960
Rail City Casino 530 510 525 495
Total Gaming Devices 1,505 1,445 1,470 1,455
Average Number of
Table Games 24 26 24 23

The Casino Operations business unit reported a 6% decrease in revenues and 14% decrease in EBITDA. Rainbow Casino reported an 8% decrease in revenues and 17% decrease in EBITDA. This declined is a result of the significant competitive pressure we face in a market which is growing at less than its historical norm. We intend to aggressively gain an increase in market share in this market through a combination of enhanced marketing programs and certain improvements to the facility. Rail City reported a 2% increase in revenues and EBITDA grew by 3%, driven by an increase in slot win of 4%.

Wall Machines and Amusement Games Reports Flat Revenues, 13% Increase in EBITDA

The following chart summarizes the financial results for the Wall Machines and Amusement Games business unit, which is based in Germany (Dollars in millions):


Three Months Ended Nine Months Ended
March 31, March 31,
2002 2001 2002 2001


Revenues $20.5 $20.5 $58.7 $56.0


Gross Margin % 53% 47% 49% 46%


EBITDA $4.5 $3.9 $10.2 $9.3


EBITDA Margin 22% 19% 17% 17%


Operating Income $3.2 $2.6 $6.3 $5.2


Number of New Wall
Machines Sold 2,320 3,650 8,130 9,900
Number of New Wall
Machines Leased 1,760 1,020 4,370 2,900
Installed Base of
Leased Machines 7,620 5,960 7,620 5,960

Wall Machines and Amusement Games business unit revenues were flat as a result of a 37% decrease in new units sold offset by 12% increase in the average selling price and a 20% increase in revenues from leased games. The conversion to the Euro currency has now been completed, and the sale of Euro dominated games and conversion kits had a positive impact on the current quarter. Consistent with the current quarter, we believe it is likely that customers will continue to migrate to leasing games versus the purchase of machines, which should further grow our base of recurring rental revenues.

The disclosures herein include statements that are "forward looking" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, and are subject to the safe harbor created thereby. Such forward looking information involves important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward looking statements made by or on behalf of the Company. Future operating results may be adversely affected as a result of a number of factors enumerated in the Company's public reports and prospectuses such as the impact of competition, uncertainties concerning such matters as competition, product development, customer financing, sales to non-traditional gaming markets, foreign operations, dependence on key personnel, strict regulation by gaming authorities, gaming taxes and value added taxes, change in control, and other risk factors listed from time to time in the Company's SEC reports, including but not limited to the most recent reports on Form 10-K and 10-Q.

Alliance Gaming Corporation is a diversified gaming company headquartered in Las Vegas, Nevada. The Company is engaged in the design, manufacture, operation and distribution of advanced gaming devices and systems worldwide and is the nation's largest gaming machine route operator and operates two casinos. Additional information about the Company can be found on the Alliance Gaming web site at: www.ally.com .

Popeye(R) (C)2001 King Features Syndicate, Inc/(TM)Hearst Holdings, Inc.

For further information, please contact Investor and Media, Robert L. Saxton of Alliance Gaming, +1-702-270-7600.


ALLIANCE GAMING CORPORATION
SUMMARY CONSOLIDATED STATEMENTS OF OPERATIONS


Three Months Ended
March 31,
2002 2001(a)
(In 000's, except per share amounts)


Revenues $154,832 $138,469
Cost of operations 87,538 86,307
Selling, general and administrative
expenses 30,292 25,419
Research and development costs 4,227 3,553
Depreciation and amortization 8,070 7,048


Operating income 24,705 16,142


Net interest expense (6,538) (8,421)
Minority interest and other (1,366) (752)


Income before income taxes 16,801 6,969
Income tax provision (902) (149)


Net income $15,899 $6,820


Diluted earnings per share $0.32 $0.16


Weighted average common and common
share equivalents outstanding 49,570 43,260


Memo: EBITDA 32,775 23,190


(a) Share and per share amounts for the prior comparative period have been
adjustedto reflect the 2-for-1 stock split which became effective
August 21, 2001 and the 2-for-1 stock split which became effective
April 9, 2002.


ALLIANCE GAMING CORPORATION
SUMMARY CONSOLIDATED STATEMENTS OF OPERATIONS


Nine Months Ended
March 31,
2002 2001(a)
(In 000's, except per share amounts)


Revenues $435,097 $387,923
Cost of operations 253,526 240,743
Selling, general and administrative
expenses 86,769 72,313
Research and development costs 11,726 10,217
Depreciation and amortization 23,110 20,219


Operating income 59,966 44,431


Net interest expense (20,454) (25,944)
Minority interest and other (2,246) (1,932)


Income before income taxes 37,266 16,555
Income tax provision (1,123) (861)


Net income $36,143 $15,694


Diluted earnings per share $0.77 $0.38


Weighted average common and common
share equivalents outstanding 46,904 41,696


Memo: EBITDA 83,076 64,650


(a) Share and per share amounts for the prior comparative period have been
adjustedto reflect the 2-for-1 stock split which became effective
August 21, 2001 and the 2-for-1 stock split which became effective
April 9, 2002.


ALLIANCE GAMING CORPORATION
SELECTED BALANCE SHEET DATA


As of
March 31, June 30,
2002 2001
(In 000's)


Cash and cash equivalents $48,982 $54,845
Working capital 127,614 112,669
Total assets 434,171 380,197
Total long term debt,
including current maturities 343,189 340,100
Total stockholders' equity (deficiency) 4,952 (39,205)


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SOURCE Alliance Gaming Corporation

CONTACT: Investor and Media, Robert L. Saxton of Alliance Gaming, +1-702-270-7600

Copyright © 2002, PR Newswire

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