Allison Transmission Holdings Inc (NASDAQ:ALSN) is set to post its quarterly earnings results after the market closes on Tuesday, July 25th. Analysts expect Allison Transmission Holdings to post earnings of $0.46 per share for the quarter.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings results on Wednesday, April 26th. The auto parts company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.17. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The business had revenue of $499 million during the quarter, compared to analysts’ expectations of $461.76 million. During the same period last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts expect Allison Transmission Holdings to post $1.81 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Shares of Allison Transmission Holdings Inc (NASDAQ ALSN) opened at 37.04 on Friday. The firm has a market capitalization of $5.63 billion and a PE ratio of 24.64. The firm’s 50 day moving average is $37.79 and its 200-day moving average is $36.62. Allison Transmission Holdings Inc has a 12 month low of $26.74 and a 12 month high of $40.02.
In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,222 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $38.73, for a total value of $279,708.06. Following the completion of the sale, the senior vice president now owns 75,212 shares of the company’s stock, valued at $2,912,960.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Randall R. Kirk sold 7,230 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $38.59, for a total transaction of $279,005.70. Following the completion of the sale, the senior vice president now directly owns 72,085 shares of the company’s stock, valued at approximately $2,781,760.15. The disclosure for this sale can be found here. Insiders sold 129,078 shares of company stock valued at $4,977,046 in the last ninety days.
Several brokerages have recently weighed in on ALSN. BidaskClub lowered shares of Allison Transmission Holdings from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus restated a “hold” rating and issued a $40.00 price target on shares of Allison Transmission Holdings in a report on Wednesday. Piper Jaffray Companies restated a “sell” rating and issued a $31.00 price target on shares of Allison Transmission Holdings in a report on Wednesday, July 12th. Seaport Global Securities started coverage on shares of Allison Transmission Holdings in a report on Thursday, April 6th. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research lowered shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $38.00.
About Allison Transmission Holdings
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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