Zacks: Analysts Expect Allison Transmission Holdings, Inc. (ALSN) Will Post Quarterly Sales of $540.26 Million
Wall Street analysts expect Allison Transmission Holdings, Inc. (NYSE:ALSN) to post sales of $540.26 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Allison Transmission Holdings’ earnings, with the highest sales estimate coming in at $558.30 million and the lowest estimate coming in at $529.30 million. Allison Transmission Holdings posted sales of $468.90 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.2%. The company is scheduled to announce its next earnings report on Monday, February 5th.
According to Zacks, analysts expect that Allison Transmission Holdings will report full-year sales of $540.26 million for the current financial year, with estimates ranging from $2.13 billion to $2.16 billion. For the next financial year, analysts anticipate that the company will report sales of $2.25 billion per share, with estimates ranging from $2.17 billion to $2.29 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Allison Transmission Holdings.
Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.27. The firm had revenue of $595.00 million during the quarter, compared to the consensus estimate of $533.53 million. Allison Transmission Holdings had a return on equity of 41.80% and a net margin of 16.34%. The business’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS.
Several research analysts have recently weighed in on ALSN shares. Royal Bank Of Canada restated a “buy” rating on shares of Allison Transmission Holdings in a research note on Friday, July 7th. ValuEngine upgraded Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub upgraded Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Robert W. Baird reiterated a “buy” rating and set a $52.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price objective (up previously from $40.00) on shares of Allison Transmission Holdings in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Allison Transmission Holdings currently has an average rating of “Hold” and a consensus target price of $41.88.
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In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,541 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total transaction of $258,430.07. Following the completion of the sale, the senior vice president now owns 84,494 shares of the company’s stock, valued at $2,895,609.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David S. Graziosi sold 39,264 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total value of $1,461,798.72. Following the sale, the chief financial officer now directly owns 233,387 shares of the company’s stock, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. Insiders own 7.90% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALSN. Tower Research Capital LLC TRC boosted its stake in shares of Allison Transmission Holdings by 7,314.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after acquiring an additional 5,120 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Allison Transmission Holdings by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after acquiring an additional 607 shares during the period. Menta Capital LLC bought a new position in shares of Allison Transmission Holdings in the second quarter worth about $206,000. BlueCrest Capital Management Ltd bought a new position in shares of Allison Transmission Holdings in the second quarter worth about $208,000. Finally, ARP Americas LLC bought a new position in shares of Allison Transmission Holdings in the third quarter worth about $242,000.
Allison Transmission Holdings 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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