Allison Transmission (NYSE:ALSN) is set to announce its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.71 per share for the quarter.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The company had revenue of $588.00 million during the quarter, compared to analysts’ expectations of $576.57 million. During the same quarter last year, the company posted $0.36 EPS. The firm’s revenue was up 25.4% compared to the same quarter last year. On average, analysts expect Allison Transmission to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of ALSN stock opened at $41.48 on Tuesday. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.52 and a quick ratio of 1.15. Allison Transmission has a 52 week low of $32.93 and a 52 week high of $45.69. The company has a market capitalization of $5,633.48, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19.
ALSN has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Bank of America cut shares of Allison Transmission from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $52.00 to $48.00 in a research report on Thursday, February 8th. Stifel Nicolaus set a $44.00 price objective on shares of Allison Transmission and gave the stock a “hold” rating in a research report on Friday, February 9th. William Blair reaffirmed a “buy” rating on shares of Allison Transmission in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada cut shares of Allison Transmission from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $46.00 to $50.00 in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $43.82.
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 13 transmission product lines with approximately 100 product models 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.
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