Allison Transmission Holdings Inc (NYSE:ALSN) Expected to Announce Quarterly Sales of $663.54 Million

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.

ALSN has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research report on Wednesday, June 26th. Morgan Stanley initiated coverage on Allison Transmission in a research report on Wednesday, July 17th. They set an “equal weight” rating and a $50.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $48.89.

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.

Further Reading: Holder of Record

Get a free copy of the Zacks research report on Allison Transmission (ALSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Allison Transmission (NYSE:ALSN)

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.