$0.73 Earnings Per Share Expected for Allison Transmission Holdings Inc (NYSE:ALSN) This Quarter

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Equities research analysts predict that Allison Transmission Holdings Inc (NYSE:ALSN) will announce earnings per share (EPS) of $0.73 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Allison Transmission’s earnings, with estimates ranging from $0.56 to $0.97. Allison Transmission posted earnings of $1.14 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 36%. The firm is expected to report its next earnings report on Monday, February 24th.

On average, analysts expect that Allison Transmission will report full year earnings of $4.76 per share for the current year, with EPS estimates ranging from $4.59 to $5.00. For the next year, analysts anticipate that the company will report earnings of $4.28 per share, with EPS estimates ranging from $3.53 to $4.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Allison Transmission.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.11. The business had revenue of $669.00 million during the quarter, compared to analysts’ expectations of $665.63 million. Allison Transmission had a net margin of 23.61% and a return on equity of 91.48%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.27 EPS.

ALSN has been the subject of a number of research reports. Bank of America upgraded Allison Transmission from a “neutral” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Thursday, November 14th. Raymond James initiated coverage on Allison Transmission in a research note on Wednesday, November 27th. They issued an “outperform” rating and a $50.00 price objective for the company. Vertical Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Morgan Stanley set a $47.00 price target on shares of Allison Transmission and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research raised shares of Allison Transmission from a “sell” rating to a “hold” rating and set a $46.00 price target for the company in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $47.56.

Institutional investors and hedge funds have recently modified their holdings of the business. Nuveen Asset Management LLC boosted its holdings in shares of Allison Transmission by 359.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,505,488 shares of the auto parts company’s stock worth $116,129,000 after buying an additional 1,960,323 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Allison Transmission by 32.6% during the second quarter. Renaissance Technologies LLC now owns 2,611,400 shares of the auto parts company’s stock valued at $121,038,000 after buying an additional 642,500 shares during the last quarter. LSV Asset Management grew its holdings in shares of Allison Transmission by 12.0% during the second quarter. LSV Asset Management now owns 5,402,315 shares of the auto parts company’s stock valued at $250,397,000 after buying an additional 577,900 shares during the last quarter. BlackRock Inc. increased its position in shares of Allison Transmission by 8.2% during the second quarter. BlackRock Inc. now owns 6,380,151 shares of the auto parts company’s stock worth $295,721,000 after acquiring an additional 482,087 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Allison Transmission by 75.9% during the second quarter. AQR Capital Management LLC now owns 1,117,028 shares of the auto parts company’s stock worth $51,774,000 after acquiring an additional 481,885 shares in the last quarter. 94.61% of the stock is currently owned by institutional investors and hedge funds.

NYSE ALSN opened at $47.41 on Friday. The firm’s fifty day moving average price is $46.15 and its two-hundred day moving average price is $45.16. The stock has a market cap of $5.77 billion, a PE ratio of 9.40, a PEG ratio of 1.44 and a beta of 1.37. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.13 and a current ratio of 1.57. Allison Transmission has a fifty-two week low of $40.35 and a fifty-two week high of $52.67.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, November 14th. Allison Transmission’s dividend payout ratio is currently 12.55%.

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

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