Allison Transmission Holdings Inc (NYSE:ALSN) Expected to Announce Earnings of $0.72 Per Share

Brokerages forecast that Allison Transmission Holdings Inc (NYSE:ALSN) will announce earnings per share of $0.72 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Allison Transmission’s earnings. The highest EPS estimate is $0.97 and the lowest is $0.56. Allison Transmission reported earnings per share of $1.14 in the same quarter last year, which would indicate a negative year-over-year growth rate of 36.8%. The company is scheduled to report its next earnings report after the market closes on Wednesday, February 19th.

On average, analysts expect that Allison Transmission will report full-year earnings of $4.75 per share for the current fiscal year, with EPS estimates ranging from $4.59 to $5.00. For the next fiscal year, analysts forecast that the company will report earnings of $4.15 per share, with EPS estimates ranging from $3.49 to $4.50. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Allison Transmission.

ALSN has been the subject of several analyst reports. Morgan Stanley upped their target price on Allison Transmission from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, December 16th. Bank of America raised Allison Transmission from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, November 14th. Zacks Investment Research downgraded Allison Transmission from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, January 3rd. Vertical Research raised Allison Transmission from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Raymond James increased their price target on Allison Transmission from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $51.63.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC purchased a new position in Allison Transmission in the fourth quarter valued at about $43,000. Islay Capital Management LLC acquired a new stake in Allison Transmission during the fourth quarter valued at approximately $87,000. Acadian Asset Management LLC acquired a new stake in Allison Transmission during the fourth quarter valued at approximately $98,000. Trust Co. of Vermont acquired a new stake in Allison Transmission during the third quarter valued at approximately $97,000. Finally, Taylor Hoffman Wealth Management acquired a new stake in Allison Transmission during the fourth quarter valued at approximately $108,000. 94.35% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE ALSN traded down $0.11 on Friday, hitting $44.24. The company had a trading volume of 1,320,700 shares, compared to its average volume of 913,790. Allison Transmission has a 12-month low of $41.26 and a 12-month high of $52.67. The business has a 50 day moving average of $46.86 and a two-hundred day moving average of $46.08. The company has a quick ratio of 1.13, a current ratio of 1.57 and a debt-to-equity ratio of 3.38. The firm has a market capitalization of $5.36 billion, a P/E ratio of 8.59, a PEG ratio of 1.49 and a beta of 1.36.

Allison Transmission Company Profile

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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Earnings History and Estimates for Allison Transmission (NYSE:ALSN)

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