Analysts expect that Allison Transmission Holdings Inc (NYSE:ALSN) will post sales of $568.98 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Allison Transmission’s earnings, with estimates ranging from $562.00 million to $589.58 million. Allison Transmission reported sales of $468.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.3%. The firm is scheduled to announce its next quarterly earnings report on Monday, February 5th.
On average, analysts expect that Allison Transmission will report full-year sales of $568.98 million for the current year, with estimates ranging from $2.24 billion to $2.26 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.37 billion per share, with estimates ranging from $2.27 billion to $2.45 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Allison Transmission.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.27. The business had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. Allison Transmission had a return on equity of 45.65% and a net margin of 16.34%. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS.
Several equities analysts have recently commented on the company. Citigroup increased their price objective on Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and set a $52.00 price objective on shares of Allison Transmission in a research report on Wednesday, November 1st. BidaskClub upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Royal Bank of Canada reiterated a “buy” rating on shares of Allison Transmission in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Allison Transmission presently has an average rating of “Hold” and a consensus target price of $44.18.
In related news, CFO David S. Graziosi sold 1,800 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $42.04, for a total transaction of $75,672.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Eric C. Scroggins sold 7,500 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.51, for a total value of $296,325.00. Following the sale, the vice president now owns 23,480 shares of the company’s stock, valued at $927,694.80. The disclosure for this sale can be found here. Insiders have sold a total of 2,955,539 shares of company stock worth $129,683,061 over the last quarter. Corporate insiders own 7.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of ALSN. TIAA CREF Investment Management LLC boosted its holdings in Allison Transmission by 37.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,630,598 shares of the auto parts company’s stock valued at $61,164,000 after acquiring an additional 448,541 shares during the period. Ameriprise Financial Inc. boosted its holdings in Allison Transmission by 751.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 56,578 shares of the auto parts company’s stock valued at $2,121,000 after acquiring an additional 49,930 shares during the period. Nationwide Fund Advisors boosted its holdings in Allison Transmission by 50.4% during the 2nd quarter. Nationwide Fund Advisors now owns 483,692 shares of the auto parts company’s stock valued at $18,143,000 after acquiring an additional 162,096 shares during the period. Amalgamated Bank boosted its holdings in Allison Transmission by 27.8% during the 2nd quarter. Amalgamated Bank now owns 25,986 shares of the auto parts company’s stock valued at $975,000 after acquiring an additional 5,659 shares during the period. Finally, BlueMountain Capital Management LLC boosted its holdings in Allison Transmission by 54.9% during the 2nd quarter. BlueMountain Capital Management LLC now owns 193,040 shares of the auto parts company’s stock valued at $7,241,000 after acquiring an additional 68,422 shares during the period.
Allison Transmission (ALSN) opened at $44.39 on Friday. The firm has a market capitalization of $6,292.77, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57. Allison Transmission has a one year low of $32.93 and a one year high of $45.69.
Allison Transmission declared that its Board of Directors has approved a stock repurchase plan on Wednesday, November 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.
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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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