Brokerages Expect Allison Transmission Holdings Inc (ALSN) Will Announce Earnings of $0.78 Per Share

Wall Street analysts expect Allison Transmission Holdings Inc (NYSE:ALSN) to post $0.78 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Allison Transmission’s earnings, with estimates ranging from $0.72 to $0.82. Allison Transmission reported earnings per share of $0.52 in the same quarter last year, which indicates a positive year over year growth rate of 50%. The company is scheduled to report its next earnings results after the market closes on Monday, April 30th.

According to Zacks, analysts expect that Allison Transmission will report full year earnings of $3.44 per share for the current year, with EPS estimates ranging from $3.30 to $3.60. For the next financial year, analysts forecast that the company 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 analysts that follow Allison Transmission.

Allison Transmission (NYSE:ALSN) last released its earnings results on Wednesday, February 14th. The auto parts company reported $1.51 EPS for the quarter, beating 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 analyst estimates 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 equities analysts have commented on ALSN shares. Zacks Investment Research lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Bank of America lowered shares of Allison Transmission from a “buy” rating to a “neutral” rating and decreased their target price for the company from $52.00 to $48.00 in a report on Thursday, February 8th. Stifel Nicolaus set a $44.00 target price on shares of Allison Transmission and gave the company a “hold” rating in a report on Friday, February 9th. William Blair reissued a “buy” rating on shares of Allison Transmission in a report on Tuesday, February 13th. Finally, Royal Bank of Canada lowered shares of Allison Transmission from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $46.00 to $50.00 in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.82.

In related news, Director James A. Star sold 322,130 shares of Allison Transmission stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $44.49, for a total transaction of $14,331,563.70. Following the sale, the director now directly owns 41,450 shares of the company’s stock, valued at approximately $1,844,110.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Star sold 135,460 shares of Allison Transmission stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $44.50, for a total transaction of $6,027,970.00. Following the sale, the director now directly owns 41,450 shares in the company, valued at $1,844,525. The disclosure for this sale can be found here. Insiders have sold a total of 962,595 shares of company stock worth $42,908,007 over the last ninety days. 8.40% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in ALSN. The Manufacturers Life Insurance Company grew its holdings in shares of Allison Transmission by 12.8% during 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 purchasing an additional 607 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Allison Transmission by 6.3% during the 3rd quarter. New York State Common Retirement Fund now owns 308,200 shares of the auto parts company’s stock valued at $11,567,000 after purchasing an additional 18,200 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Allison Transmission by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 850,469 shares of the auto parts company’s stock valued at $31,918,000 after purchasing an additional 18,797 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Allison Transmission by 22.3% during the 3rd quarter. SG Americas Securities LLC now owns 9,735 shares of the auto parts company’s stock valued at $365,000 after purchasing an additional 1,778 shares during the last quarter. Finally, Macquarie Group Ltd. grew its holdings in shares of Allison Transmission by 20.6% during the 3rd quarter. Macquarie Group Ltd. now owns 34,960 shares of the auto parts company’s stock valued at $1,312,000 after purchasing an additional 5,960 shares during the last quarter.

ALSN stock traded up $0.32 during mid-day trading on Friday, hitting $39.54. The stock had a trading volume of 408,669 shares, compared to its average volume of 1,403,754. The company has a quick ratio of 1.15, a current ratio of 1.52 and a debt-to-equity ratio of 3.68. Allison Transmission has a 52 week low of $32.93 and a 52 week high of $45.69. The firm has a market cap of $5,494.81, a P/E ratio of 14.88, a P/E/G ratio of 1.14 and a beta of 1.19.

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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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