Wall Street analysts expect Allison Transmission Holdings Inc (NYSE:ALSN) to post earnings per share (EPS) of $1.19 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Allison Transmission’s earnings. The lowest EPS estimate is $1.09 and the highest is $1.37. Allison Transmission reported earnings of $1.29 per share in the same quarter last year, which would indicate a negative year over year growth rate of 7.8%. The firm is expected to report its next earnings report on Monday, July 29th.

On average, analysts expect that Allison Transmission will report full-year earnings of $4.67 per share for the current year, with EPS estimates ranging from $4.34 to $5.06. For the next financial year, analysts anticipate that the business will report earnings of $4.50 per share, with EPS estimates ranging from $3.83 to $5.30. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Allison Transmission.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.20. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. The business had revenue of $675.00 million for the quarter, compared to analyst estimates of $658.01 million. During the same period last year, the business earned $1.08 EPS. The company’s revenue was up 1.8% on a year-over-year basis.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Monday. Stifel Nicolaus lowered shares of Allison Transmission from a “buy” rating to a “hold” rating and cut their price target for the stock from $55.00 to $48.00 in a research note on Wednesday, March 6th. ValuEngine lowered shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Tuesday, March 5th. Credit Suisse Group lifted their price target on shares of Allison Transmission from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 27th. Finally, Mizuho reiterated a “hold” rating and set a $53.00 price target on shares of Allison Transmission in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $48.22.

In other Allison Transmission news, Director William R. Harker sold 4,977,043 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $46.70, for a total transaction of $232,427,908.10. Following the transaction, the director now directly owns 10,318 shares of the company’s stock, valued at approximately $481,850.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO G Frederick Bohley acquired 5,000 shares of the stock in a transaction on Friday, April 26th. The shares were acquired at an average cost of $46.00 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the chief financial officer now directly owns 40,940 shares in the company, valued at approximately $1,883,240. The disclosure for this purchase can be found here. 9.00% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of ALSN. Robeco Institutional Asset Management B.V. grew its position in Allison Transmission by 288.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,932,755 shares of the auto parts company’s stock worth $84,808,000 after purchasing an additional 1,435,811 shares during the last quarter. Norges Bank purchased a new position in Allison Transmission during the 4th quarter worth $55,717,000. LSV Asset Management grew its position in Allison Transmission by 17.6% during the 1st quarter. LSV Asset Management now owns 4,824,415 shares of the auto parts company’s stock worth $216,712,000 after purchasing an additional 721,400 shares during the last quarter. Bank of Montreal Can grew its position in Allison Transmission by 92.9% during the 1st quarter. Bank of Montreal Can now owns 1,307,515 shares of the auto parts company’s stock worth $58,734,000 after purchasing an additional 629,600 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in Allison Transmission by 28.0% during the 4th quarter. APG Asset Management N.V. now owns 2,545,300 shares of the auto parts company’s stock worth $97,769,000 after purchasing an additional 556,400 shares during the last quarter.

NYSE:ALSN traded up $0.54 during midday trading on Thursday, hitting $44.52. 7,702 shares of the company were exchanged, compared to its average volume of 1,026,203. Allison Transmission has a fifty-two week low of $39.41 and a fifty-two week high of $53.76. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. The firm has a market capitalization of $5.65 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.97 and a beta of 1.36.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.60 annualized dividend and a yield of 1.35%. Allison Transmission’s dividend payout ratio is currently 12.55%.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Earnings History and Estimates for Allison Transmission (NYSE:ALSN)

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