Allison Transmission (NYSE:ALSN) Announces Earnings Results, Beats Estimates By $0.09 EPS

Allison Transmission (NYSE:ALSN) announced its quarterly earnings data on Thursday. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.09, Briefing.com reports. Allison Transmission had a net margin of 21.95% and a return on equity of 54.59%. The company had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same period in the previous year, the company posted $1.92 EPS. Allison Transmission’s revenue was up 4.2% compared to the same quarter last year. Allison Transmission updated its FY 2024 guidance to EPS.

Allison Transmission Stock Performance

Allison Transmission stock opened at $87.76 on Friday. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $88.63. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.61 and a beta of 1.00. The stock has a fifty day moving average of $76.69 and a two-hundred day moving average of $73.81. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend was Friday, May 17th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Activity

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the sale, the senior vice president now owns 14,420 shares in the company, valued at approximately $1,082,365.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the transaction, the senior vice president now owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ALSN shares. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Friday. Raymond James started coverage on Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Robert W. Baird upped their price objective on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Citigroup assumed coverage on Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.63.

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.