Allison Transmission Holdings Inc (NYSE:ALSN) Expected to Announce Earnings of $1.19 Per Share

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Brokerages forecast that Allison Transmission Holdings Inc (NYSE:ALSN) will announce $1.19 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Allison Transmission’s earnings, with estimates ranging from $1.09 to $1.37. Allison Transmission posted earnings per share of $1.29 in the same quarter last year, which would suggest a negative year over year growth rate of 7.8%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Allison Transmission will report full year earnings of $4.67 per share for the current financial year, with EPS estimates ranging from $4.34 to $5.06. For the next fiscal year, analysts forecast that the business will post earnings of $4.53 per share, with EPS estimates ranging from $3.83 to $5.30. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Allison Transmission.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.20. The firm had revenue of $675.00 million for the quarter, compared to analyst estimates of $658.01 million. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS.

ALSN has been the topic of a number of research reports. Morgan Stanley lifted their target price on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the company an “equal weight” rating in a research note on Wednesday, July 17th. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Allison Transmission presently has an average rating of “Hold” and a consensus price target of $48.60.

In other Allison Transmission news, CFO G Frederick Bohley acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were acquired at an average price of $46.00 per share, with a total value of $230,000.00. Following the completion of the purchase, the chief financial officer now directly owns 40,940 shares of the company’s stock, valued at approximately $1,883,240. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William R. Harker sold 4,977,043 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $46.70, for a total transaction of $232,427,908.10. Following the sale, the director now directly owns 10,318 shares in the company, valued at approximately $481,850.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,089,819 shares of company stock worth $237,568,166 in the last ninety days. Insiders own 9.00% of the company’s stock.

A number of large investors have recently bought and sold shares of ALSN. Norges Bank bought a new stake in Allison Transmission during the fourth quarter worth about $55,717,000. LSV Asset Management boosted its stake in Allison Transmission by 17.6% during the first quarter. LSV Asset Management now owns 4,824,415 shares of the auto parts company’s stock worth $216,712,000 after acquiring an additional 721,400 shares in the last quarter. Bank of Montreal Can boosted its stake in Allison Transmission by 92.9% during the first quarter. Bank of Montreal Can now owns 1,307,515 shares of the auto parts company’s stock worth $58,734,000 after acquiring an additional 629,600 shares in the last quarter. APG Asset Management N.V. boosted its stake in Allison Transmission by 28.0% during the fourth quarter. APG Asset Management N.V. now owns 2,545,300 shares of the auto parts company’s stock worth $97,769,000 after acquiring an additional 556,400 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in Allison Transmission during the fourth quarter worth about $14,121,000. 92.40% of the stock is currently owned by institutional investors and hedge funds.

Shares of ALSN traded down $0.17 during trading hours on Wednesday, reaching $45.75. 15,984 shares of the company traded hands, compared to its average volume of 697,536. The firm has a fifty day moving average price of $45.10. The stock has a market cap of $5.75 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 0.98 and a beta of 1.41. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. Allison Transmission has a 12 month low of $40.35 and a 12 month high of $53.76.

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 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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