Allison Transmission (ALSN) to Release Quarterly Earnings on Tuesday

Allison Transmission (NYSE:ALSN) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $2.00 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.04 by $0.09. The business had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. Allison Transmission’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.92 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 Price Performance

Allison Transmission stock opened at $98.49 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. The company has a market capitalization of $8.62 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. Allison Transmission has a one year low of $50.13 and a one year high of $101.40. The business has a 50 day simple moving average of $93.24 and a 200 day simple moving average of $83.50.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 annualized dividend and a yield of 1.02%. Allison Transmission’s payout ratio is 13.35%.

Insider Transactions at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now owns 9,601 shares in the company, valued at $912,095. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 5,741 shares of company stock worth $546,060 over the last 90 days. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. The Goldman Sachs Group lifted their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Robert W. Baird lifted their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Citigroup lifted their price objective on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.86.

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.