Allison Transmission (ALSN) Announces Earnings Results
Allison Transmission (NYSE:ALSN) issued its earnings results on Wednesday. The auto parts company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.89, Bloomberg Earnings reports. Allison Transmission had a return on equity of 45.65% and a net margin of 16.34%. The business had revenue of $588.00 million during the quarter, compared to analyst estimates of $576.57 million. During the same quarter in the previous year, the firm earned $0.36 EPS. Allison Transmission’s revenue was up 25.4% on a year-over-year basis.
Allison Transmission (NYSE ALSN) traded up $0.53 during trading on Wednesday, hitting $42.25. The company’s stock had a trading volume of 1,890,000 shares, compared to its average volume of 1,340,000. The company has a market cap of $5,990.00, a P/E ratio of 18.61, a P/E/G ratio of 1.51 and a beta of 1.14. Allison Transmission has a 1-year low of $32.93 and a 1-year high of $45.69. The company has a current ratio of 1.50, a quick ratio of 1.15 and a debt-to-equity ratio of 4.57.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, February 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. Allison Transmission’s dividend payout ratio is currently 26.43%.
In related news, Director James A. Star sold 293,102 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $43.06, for a total transaction of $12,620,972.12. Following the completion of the transaction, the director now directly owns 41,450 shares in the company, valued at approximately $1,784,837. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael Dick sold 19,600 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total value of $832,412.00. Following the transaction, the senior vice president now owns 39,131 shares of the company’s stock, valued at $1,661,893.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,413,129 shares of company stock valued at $150,042,595. Corporate insiders own 7.90% of the company’s stock.
A number of equities analysts have weighed in on ALSN shares. Royal Bank of Canada reissued a “buy” rating on shares of Allison Transmission in a research report on Thursday, November 2nd. Citigroup boosted their target price on Allison Transmission from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Friday, November 3rd. Deutsche Bank set a $37.00 target price on Allison Transmission and gave the stock a “sell” rating in a research report on Wednesday, November 1st. Finally, Buckingham Research boosted their target price on Allison Transmission from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Allison Transmission currently has an average rating of “Hold” and a consensus target price of $43.55.
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Allison Transmission Company Profile
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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