Wall Street brokerages expect Allison Transmission Holdings Inc (NYSE:ALSN) to report earnings per share (EPS) of $0.78 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Allison Transmission’s earnings. The lowest EPS estimate is $0.72 and the highest is $0.82. Allison Transmission posted earnings of $0.52 per share in the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, April 30th.
On average, analysts expect that Allison Transmission will report full-year earnings of $3.44 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.60. For the next financial year, analysts forecast that the firm will post earnings of $3.65 per share, with EPS estimates ranging from $3.14 to $4.00. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Allison Transmission.
Allison Transmission (NYSE:ALSN) last issued its earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The firm had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $576.57 million. During the same quarter last year, the business earned $0.36 earnings per share. The business’s revenue was up 25.4% on a year-over-year basis.
A number of analysts recently commented on ALSN shares. Zacks Investment Research lowered Allison Transmission from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America lowered Allison Transmission from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $52.00 to $48.00 in a research note on Thursday, February 8th. Stifel Nicolaus set a $44.00 price target on Allison Transmission and gave the stock a “hold” rating in a research note on Friday, February 9th. William Blair reaffirmed a “buy” rating on shares of Allison Transmission in a research note on Tuesday, February 13th. Finally, Royal Bank of Canada lowered Allison Transmission from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $46.00 to $50.00 in a research note on Friday, February 16th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. Allison Transmission presently has an average rating of “Buy” and an average target price of $43.82.
In other Allison Transmission news, Director James A. Star sold 322,130 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $44.49, for a total transaction of $14,331,563.70. Following the completion of the transaction, the director now owns 41,450 shares of the company’s stock, valued at $1,844,110.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Star sold 135,460 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $44.50, for a total value of $6,027,970.00. Following the transaction, the director now directly owns 41,450 shares of the company’s stock, valued at approximately $1,844,525. The disclosure for this sale can be found here. Insiders have sold 962,595 shares of company stock valued at $42,908,007 in the last three months. Insiders own 8.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in ALSN. The Manufacturers Life Insurance Company raised its position in shares of Allison Transmission by 12.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Allison Transmission by 6.3% in the 3rd quarter. New York State Common Retirement Fund now owns 308,200 shares of the auto parts company’s stock worth $11,567,000 after buying an additional 18,200 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Allison Transmission by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 850,469 shares of the auto parts company’s stock worth $31,918,000 after buying an additional 18,797 shares in the last quarter. SG Americas Securities LLC increased its holdings in Allison Transmission by 22.3% in the 3rd quarter. SG Americas Securities LLC now owns 9,735 shares of the auto parts company’s stock worth $365,000 after buying an additional 1,778 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Allison Transmission by 20.6% in the 3rd quarter. Macquarie Group Ltd. now owns 34,960 shares of the auto parts company’s stock worth $1,312,000 after buying an additional 5,960 shares in the last quarter.
ALSN stock traded up $0.32 on Friday, reaching $39.54. The company’s stock had a trading volume of 408,669 shares, compared to its average volume of 1,403,754. Allison Transmission has a 12-month low of $32.93 and a 12-month high of $45.69. The firm has a market capitalization of $5,494.81, a price-to-earnings ratio of 14.88, a PEG ratio of 1.14 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.52 and a debt-to-equity ratio of 3.68.
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About Allison Transmission
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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