Allison Transmission (ALSN) Scheduled to Release Quarterly Earnings on Thursday

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

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

Allison Transmission Stock Performance

Shares of Allison Transmission stock opened at $79.78 on Thursday. The stock’s fifty day simple moving average is $76.01 and its 200 day simple moving average is $63.40. 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 company has a market capitalization of $6.99 billion, a PE ratio of 10.72, a PEG ratio of 1.50 and a beta of 1.03. Allison Transmission has a 12 month low of $44.68 and a 12 month high of $83.42.

Allison Transmission Increases Dividend

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

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the transaction, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Niekerk Teresa Van sold 6,241 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $74.87, for a total value of $467,263.67. Following the transaction, the vice president now directly owns 21,112 shares in the company, valued at $1,580,655.44. The disclosure for this sale can be found here. Insiders sold 87,843 shares of company stock valued at $6,244,562 over the last three months. Company insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AMI Investment Management Inc. increased its holdings in Allison Transmission by 7.1% in the 1st quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock worth $3,816,000 after buying an additional 6,438 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Allison Transmission by 5.1% in the first quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock worth $13,140,000 after acquiring an additional 16,209 shares during the period. Raymond James & Associates raised its holdings in shares of Allison Transmission by 267.3% during the first quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock valued at $1,323,000 after purchasing an additional 24,534 shares during the last quarter. Citigroup Inc. raised its stake in Allison Transmission by 1.5% during the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock valued at $2,938,000 after buying an additional 1,127 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Allison Transmission by 31.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock worth $514,000 after buying an additional 3,142 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. upped 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. Robert W. Baird lifted their price target on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Morgan Stanley assumed coverage on Allison Transmission in a report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and a consensus target price of $65.88.

About Allison Transmission

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.