Allison Transmission Holdings, Inc. (NYSE:ALSN) Expected to Post Quarterly Sales of $618.34 Million

Equities analysts expect that Allison Transmission Holdings, Inc. (NYSE:ALSN) will report $618.34 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Allison Transmission’s earnings. The highest sales estimate is $653.00 million and the lowest is $597.50 million. Allison Transmission reported sales of $532.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The company is scheduled to announce its next earnings report on Wednesday, October 27th.

On average, analysts expect that Allison Transmission will report full-year sales of $2.42 billion for the current financial year, with estimates ranging from $2.38 billion to $2.48 billion. For the next fiscal year, analysts expect that the firm will post sales of $2.63 billion, with estimates ranging from $2.47 billion to $2.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Allison Transmission.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Tuesday, July 27th. The auto parts company reported $1.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.09. Allison Transmission had a return on equity of 48.97% and a net margin of 16.25%. The firm had revenue of $603.00 million during the quarter, compared to the consensus estimate of $593.76 million.

Several brokerages have issued reports on ALSN. Robert W. Baird reiterated a “hold” rating on shares of Allison Transmission in a report on Sunday, August 1st. Morgan Stanley increased their price target on shares of Allison Transmission from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, August 2nd. Credit Suisse Group decreased their target price on Allison Transmission from $55.00 to $51.00 and set an “outperform” rating for the company in a research report on Friday, July 30th. The Goldman Sachs Group lowered shares of Allison Transmission from a “buy” rating to a “sell” rating and reduced their price objective for the company from $47.00 to $42.00 in a research note on Monday, May 31st. Finally, Zacks Investment Research downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a report on Thursday, July 15th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.50.

Institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings in Allison Transmission by 8.3% in the second quarter. FMR LLC now owns 16,431,347 shares of the auto parts company’s stock worth $652,983,000 after acquiring an additional 1,253,996 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Allison Transmission by 5.8% during the 2nd quarter. Vanguard Group Inc. now owns 12,613,080 shares of the auto parts company’s stock worth $501,244,000 after purchasing an additional 687,374 shares during the period. Boston Partners boosted its stake in shares of Allison Transmission by 42.6% during the 1st quarter. Boston Partners now owns 9,139,339 shares of the auto parts company’s stock worth $373,515,000 after acquiring an additional 2,729,004 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Allison Transmission by 7.0% in the first quarter. Burgundy Asset Management Ltd. now owns 6,744,870 shares of the auto parts company’s stock valued at $275,393,000 after purchasing an additional 439,558 shares during the period. Finally, BlackRock Inc. increased its holdings in Allison Transmission by 4.3% in the 1st quarter. BlackRock Inc. now owns 5,124,585 shares of the auto parts company’s stock worth $209,235,000 after acquiring an additional 210,672 shares in the last quarter.

Shares of ALSN stock opened at $35.25 on Wednesday. The stock has a 50-day moving average of $38.19 and a 200-day moving average of $40.68. Allison Transmission has a 1-year low of $32.00 and a 1-year high of $46.40. The company has a current ratio of 1.86, a quick ratio of 1.38 and a debt-to-equity ratio of 3.42. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.26 and a beta of 1.16.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Monday, August 16th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, August 13th. Allison Transmission’s payout ratio is 29.01%.

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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