Allison Transmission Holdings, Inc. (NYSE:ALSN) Expected to Post Quarterly Sales of $600.39 Million

Brokerages expect Allison Transmission Holdings, Inc. (NYSE:ALSN) to announce $600.39 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Allison Transmission’s earnings, with the lowest sales estimate coming in at $590.36 million and the highest estimate coming in at $609.30 million. Allison Transmission reported sales of $535.00 million in the same quarter last year, which indicates a positive year over year growth rate of 12.2%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 16th.

According to Zacks, analysts expect that Allison Transmission will report full-year sales of $2.35 billion for the current fiscal year, with estimates ranging from $2.34 billion to $2.37 billion. For the next financial year, analysts anticipate that the company will post sales of $2.56 billion, with estimates ranging from $2.36 billion to $2.66 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Allison Transmission.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 26th. The auto parts company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. The company had revenue of $567.00 million during the quarter, compared to the consensus estimate of $580.32 million. Allison Transmission had a return on equity of 51.91% and a net margin of 16.75%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.68 earnings per share.

A number of brokerages recently commented on ALSN. Citigroup upped their target price on Allison Transmission from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, October 12th. The Goldman Sachs Group reduced their price target on Allison Transmission from $39.00 to $35.00 and set a “sell” rating on the stock in a research note on Tuesday, October 12th. Credit Suisse Group reduced their price target on Allison Transmission from $45.00 to $44.00 and set an “outperform” rating on the stock in a research note on Friday, October 29th. Robert W. Baird reaffirmed a “hold” rating on shares of Allison Transmission in a research note on Sunday, August 1st. Finally, Morgan Stanley reduced their price target on Allison Transmission from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 13th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $41.90.

In related news, Director Thomas W. Rabaut bought 5,475 shares of the business’s stock in a transaction dated Friday, November 12th. The shares were purchased at an average cost of $36.59 per share, with a total value of $200,330.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its position in shares of Allison Transmission by 1.8% during the third quarter. Truist Financial Corp now owns 16,861 shares of the auto parts company’s stock valued at $595,000 after buying an additional 294 shares during the last quarter. Denali Advisors LLC boosted its position in shares of Allison Transmission by 75.0% during the second quarter. Denali Advisors LLC now owns 700 shares of the auto parts company’s stock valued at $28,000 after buying an additional 300 shares during the last quarter. OLD National Bancorp IN lifted its holdings in Allison Transmission by 4.8% in the third quarter. OLD National Bancorp IN now owns 7,454 shares of the auto parts company’s stock valued at $263,000 after acquiring an additional 344 shares during the period. Fifth Third Bancorp lifted its holdings in Allison Transmission by 49.7% in the third quarter. Fifth Third Bancorp now owns 1,497 shares of the auto parts company’s stock valued at $53,000 after acquiring an additional 497 shares during the period. Finally, Berman Capital Advisors LLC lifted its holdings in Allison Transmission by 99.5% in the third quarter. Berman Capital Advisors LLC now owns 1,093 shares of the auto parts company’s stock valued at $37,000 after acquiring an additional 545 shares during the period.

Shares of Allison Transmission stock remained flat at $$37.53 during midday trading on Thursday. The company had a trading volume of 810,485 shares, compared to its average volume of 984,415. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.32 and a current ratio of 1.81. The company has a market capitalization of $3.91 billion, a P/E ratio of 10.72, a PEG ratio of 1.33 and a beta of 1.12. The company’s 50 day moving average is $35.51 and its 200 day moving average is $38.61. Allison Transmission has a one year low of $32.55 and a one year high of $46.40.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Monday, November 22nd will be paid a $0.19 dividend. The ex-dividend date is Friday, November 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.03%. Allison Transmission’s dividend payout ratio is currently 21.71%.

About Allison Transmission

Allison Transmission Holdings, Inc engages in the manufacture and distribution of vehicle propulsion solutions, which includes commercial-duty on-highway, off-highway and defense fully-automatic transmissions and electric-hybrid and fully-electric systems. The company solutions are used in applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.

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

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