Wall Street brokerages forecast that Allison Transmission Holdings Inc (NYSE:ALSN) will announce earnings of $1.09 per share for the current quarter, according to Zacks. Six analysts have provided estimates for Allison Transmission’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $1.04. Allison Transmission reported earnings per share of $0.75 during the same quarter last year, which suggests a positive year-over-year growth rate of 45.3%. The company is expected to report its next earnings results after the market closes on Monday, October 29th.
On average, analysts expect that Allison Transmission will report full-year earnings of $4.43 per share for the current year, with EPS estimates ranging from $4.29 to $4.50. For the next year, analysts expect that the firm will post earnings of $4.56 per share, with EPS estimates ranging from $4.09 to $5.09. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Allison Transmission.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, July 30th. The auto parts company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.29. Allison Transmission had a return on equity of 86.52% and a net margin of 25.46%. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $655.33 million. During the same period in the previous year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis.
ALSN has been the subject of several research reports. Mizuho initiated coverage on Allison Transmission in a research report on Friday, June 29th. They set a “buy” rating and a $50.00 price target for the company. Stifel Nicolaus boosted their price target on Allison Transmission from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. ValuEngine upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, August 1st. Finally, Buckingham Research set a $50.00 target price on Allison Transmission and gave the company a “hold” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $46.42.
Shares of ALSN traded up $0.16 during trading hours on Friday, hitting $49.14. 1,174,532 shares of the stock were exchanged, compared to its average volume of 1,326,115. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.05 and a current ratio of 1.43. Allison Transmission has a 12-month low of $36.92 and a 12-month high of $53.76. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.17 and a beta of 1.26.
In related news, VP Eric C. Scroggins sold 4,940 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $47.34, for a total transaction of $233,859.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 5,000 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $48.52, for a total value of $242,600.00. Following the transaction, the chief executive officer now directly owns 196,921 shares in the company, valued at approximately $9,554,606.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 393,604 shares of company stock worth $20,280,466. Corporate insiders own 8.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in Allison Transmission by 144.3% during the 3rd quarter. Bank of Montreal Can now owns 295,339 shares of the auto parts company’s stock worth $15,361,000 after acquiring an additional 174,435 shares in the last quarter. Northern Trust Corp lifted its stake in Allison Transmission by 0.6% during the 2nd quarter. Northern Trust Corp now owns 653,205 shares of the auto parts company’s stock worth $26,449,000 after acquiring an additional 4,001 shares in the last quarter. Schroder Investment Management Group lifted its stake in Allison Transmission by 49.8% during the 2nd quarter. Schroder Investment Management Group now owns 3,725,693 shares of the auto parts company’s stock worth $179,746,000 after acquiring an additional 1,238,955 shares in the last quarter. Global X Management Co LLC acquired a new position in Allison Transmission during the 2nd quarter worth about $304,000. Finally, Verition Fund Management LLC raised its position in Allison Transmission by 468.3% in the 2nd quarter. Verition Fund Management LLC now owns 34,410 shares of the auto parts company’s stock valued at $1,393,000 after purchasing an additional 28,355 shares in the last quarter.
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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