Allison Transmission (ALSN) Set to Announce Earnings on Thursday

Allison Transmission (NYSE:ALSN) is set to release its earnings data after the market closes on Thursday, April 25th. Analysts expect Allison Transmission to post earnings of $1.87 per share for the quarter. Allison Transmission has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The business had revenue of $775.00 million for the quarter, compared to analyst estimates of $744.00 million. During the same quarter last year, the company earned $1.52 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts expect Allison Transmission to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Allison Transmission Trading Up 0.8 %

ALSN opened at $79.74 on Wednesday. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 1.44 and a beta of 1.03. Allison Transmission has a 52 week low of $44.68 and a 52 week high of $83.42. The business’s 50 day moving average is $77.38 and its two-hundred day moving average is $64.01. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.25 per share. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a yield of 1.25%. Allison Transmission’s payout ratio is 13.44%.

Analysts Set New Price Targets

Several research firms have commented on ALSN. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Oppenheimer lifted their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Morgan Stanley began coverage on Allison Transmission in a report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Finally, Robert W. Baird boosted their target price on Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and an average price target of $65.88.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the sale, the chief executive officer now owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock worth $6,244,562 over the last three months. 0.93% of the stock is currently owned by corporate insiders.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.