Allison Transmission (ALSN) Issues Earnings Results

Allison Transmission (NYSE:ALSN) issued its quarterly earnings data on Wednesday. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.89, Bloomberg Earnings reports. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The business had revenue of $588.00 million during the quarter, compared to the consensus estimate of $576.57 million. During the same period in the prior year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year.

Shares of Allison Transmission (ALSN) traded up $0.53 during mid-day trading on Wednesday, hitting $42.25. 1,890,000 shares of the company were exchanged, compared to its average volume of 1,340,000. The stock has a market cap of $5,990.00, a PE ratio of 18.61, a P/E/G ratio of 1.51 and a beta of 1.14. 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 has a 12 month low of $32.93 and a 12 month high of $45.69.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, February 16th. Allison Transmission’s payout ratio is currently 26.43%.

ALSN has been the topic of a number of research analyst reports. Piper Jaffray Companies set a $26.00 target price on shares of Allison Transmission and gave the company a “sell” rating in a research note on Friday, November 17th. Royal Bank of Canada reiterated a “buy” rating on shares of Allison Transmission in a research note on Thursday, November 2nd. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Deutsche Bank set a $37.00 target price on shares of Allison Transmission and gave the company a “sell” rating in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus boosted their target price on shares of Allison Transmission from $41.00 to $45.00 and gave the company a “hold” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.55.

In other Allison Transmission news, insider David S. Graziosi sold 46,200 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $45.03, for a total value of $2,080,386.00. Following the sale, the insider now directly owns 240,323 shares in the company, valued at approximately $10,821,744.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Star sold 135,460 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $44.50, for a total transaction of $6,027,970.00. Following the completion of the sale, the director now owns 41,450 shares in the company, valued at $1,844,525. The disclosure for this sale can be found here. Insiders have sold a total of 3,413,129 shares of company stock worth $150,042,595 over the last 90 days. 7.90% of the stock is currently owned by corporate insiders.

Allison Transmission announced that its Board of Directors has approved a share buyback plan on Wednesday, November 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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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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