FY2018 EPS Estimates for Allison Transmission Holdings Inc (ALSN) Raised by William Blair

Allison Transmission Holdings Inc (NYSE:ALSN) – William Blair lifted their FY2018 earnings per share (EPS) estimates for Allison Transmission in a research note issued to investors on Tuesday, October 30th. William Blair analyst L. De. Maria now forecasts that the auto parts company will post earnings of $4.59 per share for the year, up from their previous estimate of $4.44. William Blair also issued estimates for Allison Transmission’s FY2019 earnings at $5.33 EPS.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, October 29th. The auto parts company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.17. Allison Transmission had a return on equity of 91.34% and a net margin of 26.64%. The company had revenue of $692.00 million for the quarter, compared to analysts’ expectations of $656.52 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis.



Several other brokerages have also recently weighed in on ALSN. Buckingham Research set a $50.00 price objective on Allison Transmission and gave the stock a “hold” rating in a research note on Thursday, October 11th. Credit Suisse Group boosted their price objective on Allison Transmission from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, August 1st. Stifel Nicolaus upped their target price on Allison Transmission from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Finally, ValuEngine raised Allison Transmission from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.08.

Shares of NYSE ALSN opened at $44.08 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 4.19. Allison Transmission has a 1-year low of $37.41 and a 1-year high of $53.76. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 16.57, a P/E/G ratio of 0.98 and a beta of 1.26.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 19th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.36%. Allison Transmission’s dividend payout ratio is 22.56%.

In other news, Director Lawrence E. Dewey sold 262,795 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $51.61, for a total transaction of $13,562,849.95. Following the transaction, the director now owns 479,870 shares of the company’s stock, valued at $24,766,090.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence E. Dewey sold 111,459 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $51.77, for a total value of $5,770,232.43. Following the transaction, the director now directly owns 400,133 shares in the company, valued at approximately $20,714,885.41. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 388,664 shares of company stock worth $20,046,606. Insiders own 8.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Allison Transmission by 19.3% in the second quarter. BlackRock Inc. now owns 7,225,286 shares of the auto parts company’s stock worth $292,550,000 after purchasing an additional 1,169,447 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in Allison Transmission by 3.0% in the second quarter. Burgundy Asset Management Ltd. now owns 5,465,192 shares of the auto parts company’s stock worth $221,286,000 after purchasing an additional 159,369 shares in the last quarter. Schroder Investment Management Group grew its stake in Allison Transmission by 49.8% in the second quarter. Schroder Investment Management Group now owns 3,725,693 shares of the auto parts company’s stock worth $179,746,000 after purchasing an additional 1,238,955 shares in the last quarter. LSV Asset Management grew its stake in Allison Transmission by 60.8% in the second quarter. LSV Asset Management now owns 2,922,631 shares of the auto parts company’s stock worth $118,337,000 after purchasing an additional 1,104,587 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Allison Transmission by 6.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,855,808 shares of the auto parts company’s stock worth $75,142,000 after purchasing an additional 109,453 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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Earnings History and Estimates for Allison Transmission (NYSE:ALSN)

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