Allison Transmission (ALSN) Set to Announce Earnings on Thursday

Allison Transmission (NYSE:ALSN) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Allison Transmission to post earnings of $1.87 per share for the quarter. Allison Transmission has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.49. The business had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $744.00 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. On average, analysts expect Allison Transmission to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Allison Transmission Stock Up 0.8 %

Shares of Allison Transmission stock opened at $79.74 on Wednesday. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03. The business’s 50 day simple moving average is $77.38 and its 200-day simple moving average is $64.01. The stock has a market capitalization of $6.99 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.44 and a beta of 1.03. Allison Transmission has a twelve month low of $44.68 and a twelve month high of $83.42.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. Allison Transmission’s dividend payout ratio is presently 13.44%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Oppenheimer increased their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Robert W. Baird raised their target price on Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. raised their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Finally, The Goldman Sachs Group raised their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $65.88.

Insider Activity

In other news, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares in the company, valued at approximately $8,855,053.03. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the sale, the vice president now directly owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 87,843 shares of company stock worth $6,244,562. 0.93% of the stock is owned by company insiders.

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.