Allison Transmission (NYSE:ALSN – Get Free Report) announced its quarterly earnings data on Thursday. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09, Briefing.com reports. The firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 earnings per share. Allison Transmission updated its FY 2024 guidance to EPS.
Allison Transmission Trading Up 4.0 %
Shares of ALSN stock traded up $3.34 on Friday, hitting $87.75. 1,466,882 shares of the stock traded hands, compared to its average volume of 648,823. 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 has a twelve month low of $50.13 and a twelve month high of $88.63. The firm’s 50-day moving average price is $76.44 and its two-hundred day moving average price is $73.49. The stock has a market capitalization of $7.68 billion, a PE ratio of 11.74, a PEG ratio of 1.51 and a beta of 1.00.
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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, May 17th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Allison Transmission
Insider Buying and Selling
In other news, VP Rafael Basso sold 12,624 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the sale, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now directly owns 4,624 shares in the company, valued at approximately $344,395.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the 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 transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. 1.10% 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.
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