Allison Transmission (ALSN) Set to Announce Quarterly Earnings on Monday

Allison Transmission (NYSE:ALSN) will be issuing its quarterly earnings data after the market closes on Monday, February 5th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.

Shares of Allison Transmission (NYSE:ALSN) opened at $45.33 on Monday. The company has a market capitalization of $6,350.88, a PE ratio of 20.06, a PEG ratio of 1.69 and a beta of 1.21. Allison Transmission has a twelve month low of $32.93 and a twelve month high of $45.69. 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 announced that its board has initiated a share repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

A number of research firms recently issued reports on ALSN. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Friday, November 3rd. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Allison Transmission in a research report on Thursday, November 2nd. Citigroup lifted their target price on Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $52.00 target price on shares of Allison Transmission in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Allison Transmission currently has an average rating of “Hold” and an average price target of $44.18.

In other Allison Transmission news, VP Eric C. Scroggins sold 4,330 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $44.00, for a total transaction of $190,520.00. Following the transaction, the vice president now owns 20,310 shares of the company’s stock, valued at $893,640. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Eric C. Scroggins sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $39.51, for a total value of $296,325.00. Following the transaction, the vice president now directly owns 23,480 shares in the company, valued at approximately $927,694.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,413,129 shares of company stock worth $150,042,595. Company insiders own 7.90% of the company’s stock.

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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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