Allison Transmission (NYSE:ALSN) Issues Earnings Results

Allison Transmission (NYSE:ALSN) announced its quarterly earnings data on Tuesday. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26, Briefing.com reports. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same period last year, the business earned $1.76 EPS. The company’s revenue was up 12.0% on a year-over-year basis. Allison Transmission updated its FY 2024 guidance to EPS.

Allison Transmission Stock Performance

Allison Transmission stock traded down $1.20 during midday trading on Thursday, hitting $106.88. 815,283 shares of the company’s stock were exchanged, compared to its average volume of 621,508. Allison Transmission has a 12-month low of $50.13 and a 12-month high of $109.30. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The firm’s 50 day simple moving average is $94.20 and its 200 day simple moving average is $83.94.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date was Monday, August 19th. Allison Transmission’s payout ratio is currently 13.35%.

Insiders Place Their Bets

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at $1,129,971.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,741 shares of company stock valued at $546,060. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ALSN shares. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Robert W. Baird raised their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday. Bank of America raised their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Finally, Citigroup increased their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $91.00.

Allison Transmission Company Profile

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.