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

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.

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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.

In related news, Director James A. Star sold 322,130 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $44.49, for a total value of $14,331,563.70. Following the completion of the sale, the director now directly owns 41,450 shares of the company’s stock, valued at $1,844,110.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James A. Star sold 30,168 shares of the business’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $40.17, for a total transaction of $1,211,848.56. Following the completion of the sale, the director now directly owns 41,900 shares of the company’s stock, valued at $1,683,123. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 487,758 shares of company stock valued at $21,571,382. Corporate insiders own 8.40% of the company’s stock.

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.

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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.

Earnings History for Allison Transmission (NYSE:ALSN)

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