Analysts forecast that Allison Transmission Holdings Inc (NYSE:ALSN) will announce $663.54 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Allison Transmission’s earnings, with the lowest sales estimate coming in at $656.00 million and the highest estimate coming in at $673.40 million. Allison Transmission reported sales of $692.00 million during the same quarter last year, which would suggest a negative year over year growth rate of 4.1%. The firm is expected to issue its next quarterly earnings results on Monday, November 4th.
According to Zacks, analysts expect that Allison Transmission will report full year sales of $2.69 billion for the current fiscal year, with estimates ranging from $2.68 billion to $2.70 billion. For the next fiscal year, analysts forecast that the firm will report sales of $2.56 billion, with estimates ranging from $2.42 billion to $2.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Allison Transmission.
Allison Transmission (NYSE:ALSN) last posted its earnings results on Wednesday, July 31st. The auto parts company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.26. The company had revenue of $737.00 million during the quarter, compared to analyst estimates of $688.08 million. Allison Transmission had a return on equity of 96.05% and a net margin of 24.06%. Allison Transmission’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share.
In other news, SVP Randall R. Kirk sold 37,776 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $42.60, for a total transaction of $1,609,257.60. Following the transaction, the senior vice president now directly owns 190,747 shares of the company’s stock, valued at $8,125,822.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $46,000. Optimum Investment Advisors increased its position in shares of Allison Transmission by 1,001.0% in the 2nd quarter. Optimum Investment Advisors now owns 1,101 shares of the auto parts company’s stock valued at $51,000 after acquiring an additional 1,001 shares during the period. FinTrust Capital Advisors LLC increased its position in shares of Allison Transmission by 73.9% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,132 shares of the auto parts company’s stock valued at $51,000 after acquiring an additional 481 shares during the period. Bremer Bank National Association acquired a new position in shares of Allison Transmission in the 1st quarter valued at $67,000. Finally, First Interstate Bank increased its position in shares of Allison Transmission by 148.1% in the 1st quarter. First Interstate Bank now owns 1,449 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 865 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.
Allison Transmission stock traded up $1.10 during mid-day trading on Friday, reaching $43.08. 515,809 shares of the company were exchanged, compared to its average volume of 971,641. The business has a fifty day moving average of $45.46 and a 200 day moving average of $46.04. The firm has a market cap of $5.25 billion, a P/E ratio of 9.01, a PEG ratio of 0.90 and a beta of 1.39. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.10 and a current ratio of 1.51. Allison Transmission has a 12-month low of $40.35 and a 12-month high of $53.76.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date is Thursday, August 22nd. Allison Transmission’s payout ratio is presently 12.55%.
About Allison Transmission
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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