Zacks: Analysts Expect Allison Transmission Holdings Inc (ALSN) to Post $1.00 Earnings Per Share

Analysts expect Allison Transmission Holdings Inc (NYSE:ALSN) to report $1.00 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Allison Transmission’s earnings, with estimates ranging from $0.94 to $1.09. Allison Transmission reported earnings per share of $0.63 during the same quarter last year, which suggests a positive year over year growth rate of 58.7%. The firm is expected to issue its next quarterly earnings report on Monday, July 30th.

According to Zacks, analysts expect that Allison Transmission will report full-year earnings of $3.99 per share for the current financial year, with EPS estimates ranging from $3.79 to $4.18. For the next fiscal year, analysts expect that the business will report earnings of $4.06 per share, with EPS estimates ranging from $3.34 to $4.81. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Allison Transmission.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, April 30th. The auto parts company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.30. The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $573.01 million. Allison Transmission had a return on equity of 71.50% and a net margin of 23.58%. The company’s revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS.

Several equities analysts have recently weighed in on the company. Bank of America lifted their price objective on Allison Transmission from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Tuesday, May 1st. Zacks Investment Research downgraded Allison Transmission from a “buy” rating to a “hold” rating in a report on Monday, February 19th. Stifel Nicolaus raised their target price on Allison Transmission from $50.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. ValuEngine downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Finally, Royal Bank of Canada downgraded 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, five have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Allison Transmission presently has an average rating of “Hold” and an average price target of $44.09.

In other Allison Transmission news, Director James A. Star sold 30,168 shares of Allison Transmission stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $40.17, for a total transaction of $1,211,848.56. Following the sale, the director now directly owns 41,900 shares in the company, valued at approximately $1,683,123. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Star sold 108,292 shares of Allison Transmission stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $42.28, for a total value of $4,578,585.76. Following the sale, the director now owns 41,900 shares in the company, valued at $1,771,532. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 363,660 shares of company stock worth $14,998,735. Company insiders own 8.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ALSN. Two Sigma Investments LP increased its holdings in Allison Transmission by 1,655.5% during the 4th quarter. Two Sigma Investments LP now owns 1,175,386 shares of the auto parts company’s stock worth $50,624,000 after purchasing an additional 1,108,432 shares during the last quarter. LSV Asset Management increased its holdings in Allison Transmission by 101.4% during the 1st quarter. LSV Asset Management now owns 1,818,044 shares of the auto parts company’s stock worth $71,012,000 after purchasing an additional 915,544 shares during the last quarter. Two Sigma Advisers LP increased its holdings in Allison Transmission by 96.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,514,322 shares of the auto parts company’s stock worth $65,222,000 after purchasing an additional 742,443 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Allison Transmission by 38.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,468,477 shares of the auto parts company’s stock worth $57,359,000 after purchasing an additional 405,085 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in Allison Transmission by 19.5% during the 1st quarter. Schroder Investment Management Group now owns 2,486,738 shares of the auto parts company’s stock worth $97,132,000 after purchasing an additional 405,009 shares during the last quarter.

Shares of NYSE ALSN traded up $0.26 during midday trading on Thursday, hitting $41.46. The stock had a trading volume of 1,407,859 shares, compared to its average volume of 1,460,998. The firm has a market capitalization of $5.76 billion, a P/E ratio of 15.59, a P/E/G ratio of 1.05 and a beta of 1.21. Allison Transmission has a 1-year low of $32.93 and a 1-year high of $45.69. The company has a debt-to-equity ratio of 3.59, a current ratio of 1.64 and a quick ratio of 1.25.

The business also recently announced a quarterly dividend, which was paid on Thursday, May 31st. Investors of record on Monday, May 21st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 18th. This represents a $0.60 annualized dividend and a dividend yield of 1.45%. Allison Transmission’s payout ratio is currently 22.56%.

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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