Allison Transmission (NYSE:ALSN) Posts Earnings Results, Beats Expectations By $0.26 EPS

Allison Transmission (NYSE:ALSN) issued its quarterly earnings results on Tuesday. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26, Briefing.com reports. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same period in the previous year, the business earned $1.76 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. Allison Transmission updated its FY 2024 guidance to EPS.

Allison Transmission Trading Up 7.9 %

Shares of ALSN stock opened at $108.11 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. Allison Transmission has a 1 year low of $50.13 and a 1 year high of $109.30. The stock has a fifty day moving average of $94.20 and a two-hundred day moving average of $83.94. The firm has a market capitalization of $9.46 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Thomas Eifert sold 1,741 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at $960,100. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Oppenheimer boosted their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday. Robert W. Baird boosted their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday. Citigroup upped their price objective on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their price objective on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $91.00.

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.