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%.

Allison Transmission announced that its board has initiated a share buyback plan on Wednesday, November 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

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).

Earnings History for Allison Transmission (NYSE:ALSN)

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