Wall Street brokerages expect that Allison Transmission Holdings Inc (NYSE:ALSN) will post $1.13 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Allison Transmission’s earnings. The highest EPS estimate is $1.31 and the lowest is $0.97. Allison Transmission posted earnings of $1.27 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 11%. The firm is expected to issue its next earnings results on Monday, November 4th.
On average, analysts expect that Allison Transmission will report full year earnings of $4.85 per share for the current financial year, with EPS estimates ranging from $4.53 to $5.15. For the next financial year, analysts expect that the business will report earnings of $4.52 per share, with EPS estimates ranging from $3.92 to $5.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Allison Transmission.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Wednesday, July 31st. The auto parts company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.26. Allison Transmission had a net margin of 24.06% and a return on equity of 96.05%. The company had revenue of $737.00 million for the quarter, compared to analysts’ expectations of $688.08 million. During the same quarter in the previous year, the company posted $1.29 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis.
Several equities research analysts have issued reports on ALSN shares. Zacks Investment Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a research note on Wednesday, June 26th. Morgan Stanley started coverage on shares of Allison Transmission in a research note on Wednesday, July 17th. They set an “equal weight” rating and a $50.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $48.89.
ALSN traded down $1.45 on Friday, hitting $42.12. 42,493 shares of the company’s stock were exchanged, compared to its average volume of 975,995. Allison Transmission has a fifty-two week low of $40.35 and a fifty-two week high of $53.76. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.10 and a current ratio of 1.51. The firm’s 50-day simple moving average is $45.66. The company has a market capitalization of $5.22 billion, a PE ratio of 8.87, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.60 annualized dividend and a dividend yield of 1.42%. Allison Transmission’s dividend payout ratio is presently 12.55%.
In other news, SVP Randall R. Kirk sold 37,776 shares of Allison Transmission stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $42.60, for a total transaction of $1,609,257.60. Following the transaction, the senior vice president now owns 190,747 shares in the company, valued at approximately $8,125,822.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Allison Transmission by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 12,886,814 shares of the auto parts company’s stock worth $597,304,000 after acquiring an additional 52,910 shares during the period. BlackRock Inc. raised its holdings in Allison Transmission by 8.2% in the 2nd quarter. BlackRock Inc. now owns 6,380,151 shares of the auto parts company’s stock valued at $295,721,000 after buying an additional 482,087 shares during the period. LSV Asset Management raised its holdings in Allison Transmission by 12.0% in the 2nd quarter. LSV Asset Management now owns 5,402,315 shares of the auto parts company’s stock valued at $250,397,000 after buying an additional 577,900 shares during the period. Renaissance Technologies LLC raised its holdings in Allison Transmission by 32.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,611,400 shares of the auto parts company’s stock valued at $121,038,000 after buying an additional 642,500 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Allison Transmission by 9.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 2,121,905 shares of the auto parts company’s stock valued at $95,316,000 after buying an additional 189,150 shares during the period. Institutional investors and hedge funds own 95.99% of the company’s stock.
About Allison Transmission
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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