Allison Transmission (NYSE:ALSN) Issues Earnings Results, Beats Expectations By $0.14 EPS

Allison Transmission (NYSE:ALSN – Get Rating) posted its quarterly earnings data on Wednesday. The auto parts company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.14, MarketWatch Earnings reports. Allison Transmission had a net margin of 18.40% and a return on equity of 62.32%. During the same quarter in the prior year, the firm earned $1.07 earnings per share.

Shares of Allison Transmission stock opened at $38.10 on Friday. Allison Transmission has a 1 year low of $32.55 and a 1 year high of $46.40. The firm has a market cap of $3.70 billion, a PE ratio of 9.25, a PEG ratio of 1.06 and a beta of 0.99. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.46 and a quick ratio of 1.02. The company has a 50 day simple moving average of $38.44 and a two-hundred day simple moving average of $37.37.

The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Monday, March 7th were given a dividend of $0.21 per share. The ex-dividend date was Friday, March 4th. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a yield of 2.20%. Allison Transmission’s payout ratio is presently 20.39%.

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of Allison Transmission by 0.4% in the 4th quarter. BlackRock Inc. now owns 4,214,224 shares of the auto parts company’s stock valued at $153,188,000 after purchasing an additional 15,435 shares in the last quarter. Paradigm Financial Partners LLC purchased a new stake in Allison Transmission during the fourth quarter valued at about $231,000. Comerica Bank boosted its position in Allison Transmission by 7.1% during the fourth quarter. Comerica Bank now owns 91,816 shares of the auto parts company’s stock valued at $3,566,000 after buying an additional 6,077 shares during the period. Goldman Sachs Group Inc. boosted its position in Allison Transmission by 68.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 438,345 shares of the auto parts company’s stock valued at $15,934,000 after buying an additional 178,150 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in Allison Transmission by 17.7% during the fourth quarter. Kingsview Wealth Management LLC now owns 53,391 shares of the auto parts company’s stock valued at $1,941,000 after buying an additional 8,048 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

A number of analysts recently issued reports on the stock. Credit Suisse Group downgraded shares of Allison Transmission from an “outperform” rating to a “neutral” rating and set a $48.00 price objective for the company. in a report on Tuesday, February 22nd. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $35.00 to $38.00 in a research note on Thursday, February 17th. StockNews.com started coverage on shares of Allison Transmission in a research note on Thursday, March 31st. They issued a “buy” rating for the company. TheStreet downgraded shares of Allison Transmission from a “b” rating to a “c+” rating in a research note on Friday, March 11th. Finally, Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Tuesday, February 8th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.43.

Allison Transmission Company Profile (Get Rating)

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 transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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