Equities analysts predict that Allison Transmission (NYSE:ALSN) will announce sales of $654.17 million for the current quarter, Zacks reports. Six analysts have issued estimates for Allison Transmission’s earnings, with estimates ranging from $636.00 million to $664.70 million. Allison Transmission reported sales of $580.00 million during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The company is scheduled to report its next earnings results on Monday, July 30th.
On average, analysts expect that Allison Transmission will report full year sales of $2.57 billion for the current financial year, with estimates ranging from $2.53 billion to $2.60 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $2.55 billion per share, with estimates ranging from $2.36 billion to $2.65 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Allison Transmission.
Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, April 30th. The auto parts company reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.30. The company had revenue of $663.00 million for the quarter, compared to the consensus estimate of $573.01 million. Allison Transmission had a return on equity of 71.50% and a net margin of 23.58%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS.
ALSN has been the topic of a number of analyst reports. ValuEngine raised Allison Transmission from a “hold” rating to a “buy” rating in a research note on Tuesday, May 8th. JPMorgan Chase downgraded Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price target on the stock. in a research note on Friday, February 16th. Royal Bank of Canada downgraded Allison Transmission from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $46.00 to $50.00 in a research note on Friday, February 16th. Stifel Nicolaus set a $50.00 price target on Allison Transmission and gave the company a “buy” rating in a research note on Thursday, April 5th. Finally, Credit Suisse Group cut their price target on Allison Transmission from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 2nd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $44.09.
In other Allison Transmission news, Director James A. Star sold 108,397 shares of the stock in a transaction dated Friday, April 20th. The stock was sold at an average price of $41.26, for a total transaction of $4,472,460.22. Following the completion of the transaction, the director now owns 41,900 shares in the company, valued at approximately $1,728,794. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James A. Star sold 12,292 shares of the stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $42.06, for a total value of $517,001.52. Following the transaction, the director now owns 22,192 shares of the company’s stock, valued at approximately $933,395.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 363,660 shares of company stock valued at $14,998,735. 8.40% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in Allison Transmission by 2.0% during the 4th quarter. First Trust Advisors LP now owns 76,528 shares of the auto parts company’s stock worth $3,296,000 after purchasing an additional 1,474 shares in the last quarter. Aperio Group LLC increased its holdings in Allison Transmission by 5.5% during the 4th quarter. Aperio Group LLC now owns 30,413 shares of the auto parts company’s stock worth $1,310,000 after purchasing an additional 1,573 shares in the last quarter. MRJ Capital Inc. increased its holdings in Allison Transmission by 10.5% during the 1st quarter. MRJ Capital Inc. now owns 16,900 shares of the auto parts company’s stock worth $660,000 after purchasing an additional 1,600 shares in the last quarter. Banco de Sabadell S.A increased its holdings in Allison Transmission by 6.2% during the 1st quarter. Banco de Sabadell S.A now owns 30,237 shares of the auto parts company’s stock worth $1,161,000 after purchasing an additional 1,763 shares in the last quarter. Finally, Caxton Associates LP boosted its stake in shares of Allison Transmission by 14.6% during the 4th quarter. Caxton Associates LP now owns 16,500 shares of the auto parts company’s stock worth $711,000 after buying an additional 2,100 shares during the last quarter.
Shares of Allison Transmission traded down $0.10, reaching $43.18, during trading hours on Friday, MarketBeat Ratings reports. The company had a trading volume of 1,776,128 shares, compared to its average volume of 1,493,262. The company has a quick ratio of 1.25, a current ratio of 1.64 and a debt-to-equity ratio of 3.59. The company has a market cap of $5.91 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.10 and a beta of 1.21. Allison Transmission has a 1-year low of $32.93 and a 1-year high of $45.69.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 31st. Investors of record on Monday, May 21st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, May 18th. Allison Transmission’s dividend payout ratio is currently 22.56%.
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 13 transmission product lines with approximately 100 product models 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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