$0.91 EPS Expected for Allison Transmission Holdings, Inc. (NYSE:ALSN) This Quarter


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Brokerages expect that Allison Transmission Holdings, Inc. (NYSE:ALSN) will post earnings of $0.91 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Allison Transmission’s earnings, with estimates ranging from $0.77 to $1.06. Allison Transmission reported earnings per share of $1.20 during the same quarter last year, which suggests a negative year over year growth rate of 24.2%. The company is scheduled to announce its next quarterly earnings report on Monday, May 3rd.

According to Zacks, analysts expect that Allison Transmission will report full year earnings of $3.75 per share for the current financial year, with EPS estimates ranging from $3.60 to $4.00. For the next year, analysts anticipate that the business will post earnings of $4.59 per share, with EPS estimates ranging from $4.10 to $5.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Allison Transmission.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, February 16th. The auto parts company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The company had revenue of $535.00 million for the quarter, compared to analysts’ expectations of $510.46 million. Allison Transmission had a return on equity of 46.60% and a net margin of 16.00%.

Several analysts have recently commented on ALSN shares. Raymond James decreased their target price on Allison Transmission from $51.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 25th. Morgan Stanley decreased their target price on Allison Transmission from $45.00 to $34.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 9th. Bank of America lowered Allison Transmission from a “neutral” rating to an “underperform” rating in a research note on Monday, January 11th. Vertical Research assumed coverage on Allison Transmission in a research note on Wednesday, January 20th. They set a “hold” rating and a $44.00 price target on the stock. Finally, Citigroup upped their price target on Allison Transmission from $44.00 to $46.00 in a research note on Tuesday, March 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $44.13.

Shares of ALSN stock traded up $1.34 during trading hours on Friday, hitting $43.15. 856,943 shares of the company’s stock were exchanged, compared to its average volume of 1,160,932. The stock’s 50-day moving average is $40.57 and its 200-day moving average is $40.62. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.86 and a quick ratio of 1.40. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23. Allison Transmission has a 52 week low of $31.69 and a 52 week high of $45.92.

The business also recently announced a quarterly dividend, which was paid on Friday, March 5th. Shareholders of record on Monday, February 22nd were paid a $0.19 dividend. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, February 19th. This represents a $0.76 annualized dividend and a yield of 1.76%. Allison Transmission’s dividend payout ratio is presently 15.64%.

In other Allison Transmission news, SVP Michael Dick sold 5,609 shares of the stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $45.00, for a total value of $252,405.00. Following the transaction, the senior vice president now owns 59,275 shares of the company’s stock, valued at $2,667,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ALSN. Neo Ivy Capital Management acquired a new position in Allison Transmission in the fourth quarter valued at about $35,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $38,000. Tompkins Financial Corp acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $48,000. Perigon Wealth Management LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $53,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $54,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Company Profile

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 transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and 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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