Wall Street analysts expect that Allison Transmission Holdings Inc (NYSE:ALSN) will announce sales of $598.49 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Allison Transmission’s earnings. The lowest sales estimate is $594.00 million and the highest is $608.10 million. Allison Transmission posted sales of $647.00 million in the same quarter last year, which suggests a negative year-over-year growth rate of 7.5%. The business is scheduled to issue its next earnings report on Monday, February 24th.
On average, analysts expect that Allison Transmission will report full-year sales of $2.68 billion for the current fiscal year, with estimates ranging from $2.68 billion to $2.69 billion. For the next financial year, analysts anticipate that the company will post sales of $2.50 billion, with estimates ranging from $2.42 billion to $2.58 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Allison Transmission.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, October 30th. The auto parts company reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.11. The business had revenue of $669.00 million for the quarter, compared to analyst estimates of $665.63 million. Allison Transmission had a net margin of 23.61% and a return on equity of 91.48%. Allison Transmission’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 EPS.
Shares of Allison Transmission stock traded up $0.40 on Tuesday, hitting $47.82. The stock had a trading volume of 501,358 shares, compared to its average volume of 1,325,742. The stock has a 50 day moving average of $46.32 and a 200 day moving average of $45.21. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.13 and a current ratio of 1.57. Allison Transmission has a twelve month low of $40.35 and a twelve month high of $52.67. The firm has a market capitalization of $5.65 billion, a P/E ratio of 10.00, a PEG ratio of 1.42 and a beta of 1.37.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.25%. Allison Transmission’s dividend payout ratio is currently 12.55%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Outlook Wealth Advisors LLC grew its position in Allison Transmission by 3.3% during the third quarter. Outlook Wealth Advisors LLC now owns 7,178 shares of the auto parts company’s stock valued at $338,000 after buying an additional 232 shares during the period. Stifel Financial Corp grew its position in shares of Allison Transmission by 0.7% during the 3rd quarter. Stifel Financial Corp now owns 32,354 shares of the auto parts company’s stock valued at $1,520,000 after acquiring an additional 238 shares during the period. Cetera Advisor Networks LLC increased its stake in shares of Allison Transmission by 4.1% during the 3rd quarter. Cetera Advisor Networks LLC now owns 6,186 shares of the auto parts company’s stock worth $291,000 after purchasing an additional 244 shares during the last quarter. World Asset Management Inc increased its stake in shares of Allison Transmission by 5.5% during the 3rd quarter. World Asset Management Inc now owns 5,699 shares of the auto parts company’s stock worth $268,000 after purchasing an additional 295 shares during the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Allison Transmission by 2.6% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 11,860 shares of the auto parts company’s stock worth $550,000 after purchasing an additional 300 shares during the period. 94.61% of the stock is currently owned by institutional investors.
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 12 transmission product lines 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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