Equities Analysts Set Expectations for Allison Transmission Holdings Inc’s Q1 2018 Earnings (ALSN)

Equities Analysts Set Expectations for Allison Transmission Holdings Inc’s Q1 2018 Earnings (ALSN)

Allison Transmission Holdings Inc (NYSE:ALSN) – Investment analysts at Oppenheimer issued their Q1 2018 EPS estimates for Allison Transmission in a report released on Thursday. Oppenheimer analyst I. Zaffino expects that the auto parts company will earn $0.76 per share for the quarter. Oppenheimer also issued estimates for Allison Transmission’s Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.77 EPS and FY2019 earnings at $3.50 EPS.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 22.28% and a return on equity of 61.12%. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $576.57 million. During the same period last year, the firm earned $0.36 EPS. The business’s quarterly revenue was up 25.4% compared to the same quarter last year.

Several other research analysts also recently commented on ALSN. BidaskClub raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Piper Jaffray Companies set a $26.00 price objective on shares of Allison Transmission and gave the stock a “sell” rating in a report on Wednesday, November 1st. Deutsche Bank set a $37.00 price objective on shares of Allison Transmission and gave the stock a “sell” rating in a report on Wednesday, November 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Allison Transmission from $41.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $44.00.

Allison Transmission (ALSN) opened at $39.32 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57. Allison Transmission has a fifty-two week low of $32.93 and a fifty-two week high of $45.69. The company has a market cap of $5,570.00, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, February 16th. Allison Transmission’s payout ratio is presently 17.49%.

Allison Transmission announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

In related news, VP Eric C. Scroggins sold 7,500 shares of Allison Transmission stock in a transaction on Monday, November 20th. The shares were sold at an average price of $39.51, for a total value of $296,325.00. Following the transaction, the vice president now owns 23,480 shares in the company, valued at approximately $927,694.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David S. Graziosi sold 46,200 shares of Allison Transmission stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $45.03, for a total transaction of $2,080,386.00. Following the completion of the transaction, the insider now owns 240,323 shares in the company, valued at approximately $10,821,744.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,413,129 shares of company stock worth $150,042,595. 7.90% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in shares of Allison Transmission by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after acquiring an additional 607 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Allison Transmission by 14.4% in the third quarter. Hillsdale Investment Management Inc. now owns 9,435 shares of the auto parts company’s stock valued at $354,000 after acquiring an additional 1,190 shares during the period. First Trust Advisors LP increased its position in shares of Allison Transmission by 2.0% in the fourth quarter. First Trust Advisors LP now owns 76,528 shares of the auto parts company’s stock valued at $3,296,000 after acquiring an additional 1,474 shares during the period. Aperio Group LLC increased its position in shares of Allison Transmission by 5.5% in the fourth quarter. Aperio Group LLC now owns 30,413 shares of the auto parts company’s stock valued at $1,310,000 after acquiring an additional 1,573 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Allison Transmission by 22.3% in the third quarter. SG Americas Securities LLC now owns 9,735 shares of the auto parts company’s stock valued at $365,000 after acquiring an additional 1,778 shares during the period.

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Allison Transmission Company Profile

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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Allison Transmission Holdings Inc (NYSE:ALSN) – Research analysts at Oppenheimer issued their Q1 2018 earnings estimates for Allison Transmission in a report released on Thursday. Oppenheimer analyst I. Zaffino anticipates that the auto parts company will post earnings of $0.76 per share for the quarter. Oppenheimer also issued estimates for Allison Transmission’s Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.77 EPS and FY2019 earnings at $3.50 EPS.

Several other research analysts have also weighed in on ALSN. BidaskClub raised Allison Transmission from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. JPMorgan Chase & Co. upped their target price on Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Piper Jaffray Companies set a $26.00 target price on Allison Transmission and gave the stock a “sell” rating in a research report on Wednesday, November 1st. Deutsche Bank set a $37.00 target price on Allison Transmission and gave the stock a “sell” rating in a research report on Wednesday, November 1st. Finally, Stifel Nicolaus upped their target price on Allison Transmission from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Allison Transmission (NYSE:ALSN) opened at $39.32 on Friday. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15. Allison Transmission has a 52-week low of $32.93 and a 52-week high of $45.69. The firm has a market capitalization of $5,570.00, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.89. The firm had revenue of $588.00 million for the quarter, compared to analyst estimates of $576.57 million. Allison Transmission had a return on equity of 61.12% and a net margin of 22.28%. Allison Transmission’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share.

A number of large investors have recently made changes to their positions in ALSN. Group One Trading L.P. acquired a new position in Allison Transmission in the 3rd quarter valued at approximately $105,000. American International Group Inc. acquired a new position in Allison Transmission in the 4th quarter valued at approximately $127,000. The Manufacturers Life Insurance Company raised its holdings in 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 valued at $201,000 after acquiring an additional 607 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Allison Transmission in the 3rd quarter valued at approximately $203,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Allison Transmission in the 2nd quarter valued at approximately $208,000.

In related news, insider David S. Graziosi sold 46,200 shares of the stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.03, for a total transaction of $2,080,386.00. Following the completion of the sale, the insider now owns 240,323 shares in the company, valued at approximately $10,821,744.69. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michael Dick sold 19,600 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total value of $832,412.00. Following the sale, the senior vice president now owns 39,131 shares of the company’s stock, valued at approximately $1,661,893.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,413,129 shares of company stock valued at $150,042,595. 7.90% of the stock is currently owned by corporate insiders.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.53%. Allison Transmission’s dividend payout ratio (DPR) is presently 17.49%.

Allison Transmission declared that its board has approved a stock repurchase plan on Wednesday, November 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

WARNING: “Equities Analysts Set Expectations for Allison Transmission Holdings Inc’s Q1 2018 Earnings (ALSN)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/18/equities-analysts-set-expectations-for-allison-transmission-holdings-incs-q1-2018-earnings-alsn.html.

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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