Allison Transmission (ALSN) Scheduled to Post Quarterly Earnings on Wednesday

Allison Transmission (NYSE:ALSN) is set to issue its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.

Allison Transmission (NYSE ALSN) opened at $43.59 on Wednesday. Allison Transmission has a 12 month low of $32.93 and a 12 month high of $45.69. The stock has a market capitalization of $6,000.00, a PE ratio of 19.20, a PEG ratio of 1.64 and a beta of 1.14. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50.

Allison Transmission declared that its Board of Directors has initiated a share buyback plan on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

In other Allison Transmission news, Director James A. Star sold 135,460 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $44.50, for a total value of $6,027,970.00. Following the completion of the sale, the director now directly owns 41,450 shares in the company, valued at $1,844,525. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James A. Star sold 640,835 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $44.39, for a total transaction of $28,446,665.65. Following the completion of the sale, the director now owns 41,450 shares of the company’s stock, valued at $1,839,965.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,413,129 shares of company stock valued at $150,042,595. 7.90% of the stock is currently owned by company insiders.

ALSN has been the topic of a number of recent research reports. Longbow Research cut Allison Transmission from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. BidaskClub upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Piper Jaffray Companies set a $26.00 target price on shares of Allison Transmission and gave the stock a “sell” rating in a report on Wednesday, November 1st. Finally, Deutsche Bank set a $37.00 target price on shares of Allison Transmission and gave the stock a “sell” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $44.09.

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About Allison Transmission

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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