Equities analysts forecast that Allison Transmission Holdings Inc (NYSE:ALSN) will announce $652.29 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Allison Transmission’s earnings, with the lowest sales estimate coming in at $642.00 million and the highest estimate coming in at $669.50 million. Allison Transmission posted sales of $595.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The business is expected to report its next earnings report after the market closes on Monday, October 29th.
On average, analysts expect that Allison Transmission will report full year sales of $2.66 billion for the current financial year, with estimates ranging from $2.64 billion to $2.69 billion. For the next year, analysts forecast that the business will post sales of $2.63 billion, with estimates ranging from $2.46 billion to $2.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Allison Transmission.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, July 30th. The auto parts company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.29. Allison Transmission had a return on equity of 86.52% and a net margin of 25.46%. The firm had revenue of $711.00 million during the quarter, compared to analysts’ expectations of $655.33 million. During the same period in the previous year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis.
A number of equities analysts have weighed in on the company. Buckingham Research set a $50.00 price objective on Allison Transmission and gave the stock a “hold” rating in a research note on Thursday, October 11th. Credit Suisse Group boosted their price objective on Allison Transmission from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 1st. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, August 1st. Stifel Nicolaus boosted their price objective on Allison Transmission from $53.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, ValuEngine raised Allison Transmission from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Allison Transmission currently has a consensus rating of “Hold” and an average target price of $46.42.
In other news, VP Eric C. Scroggins sold 4,940 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $47.34, for a total value of $233,859.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David S. Graziosi sold 5,000 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $48.52, for a total value of $242,600.00. Following the completion of the transaction, the chief executive officer now directly owns 196,921 shares in the company, valued at approximately $9,554,606.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 393,604 shares of company stock worth $20,280,466. Corporate insiders own 8.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its stake in Allison Transmission by 9.0% during the 2nd quarter. Alps Advisors Inc. now owns 13,592 shares of the auto parts company’s stock worth $585,000 after acquiring an additional 1,123 shares in the last quarter. Colony Group LLC lifted its stake in Allison Transmission by 1.5% during the 2nd quarter. Colony Group LLC now owns 87,687 shares of the auto parts company’s stock worth $3,550,000 after acquiring an additional 1,328 shares in the last quarter. Amalgamated Bank lifted its stake in Allison Transmission by 6.1% during the 2nd quarter. Amalgamated Bank now owns 28,237 shares of the auto parts company’s stock worth $1,143,000 after acquiring an additional 1,629 shares in the last quarter. AMI Investment Management Inc. lifted its stake in Allison Transmission by 1.5% during the 2nd quarter. AMI Investment Management Inc. now owns 121,555 shares of the auto parts company’s stock worth $4,922,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in Allison Transmission by 96.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock worth $166,000 after acquiring an additional 2,010 shares in the last quarter.
NYSE ALSN traded down $0.96 on Monday, reaching $47.95. 25,876 shares of the company were exchanged, compared to its average volume of 1,323,644. The firm has a market capitalization of $6.79 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.26. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.05 and a current ratio of 1.43. Allison Transmission has a fifty-two week low of $37.20 and a fifty-two week high of $53.76.
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 13 transmission product lines with approximately 100 product models 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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