Q2 2022 EPS Estimates for Allison Transmission Holdings, Inc. (NYSE:ALSN) Increased by Analyst

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating) – Analysts at Oppenheimer raised their Q2 2022 EPS estimates for shares of Allison Transmission in a research report issued to clients and investors on Wednesday, April 27th. Oppenheimer analyst I. Zaffino now forecasts that the auto parts company will post earnings of $1.41 per share for the quarter, up from their prior estimate of $1.33. Oppenheimer also issued estimates for Allison Transmission’s Q3 2022 earnings at $1.34 EPS, Q4 2022 earnings at $0.74 EPS, FY2022 earnings at $4.82 EPS and FY2023 earnings at $5.61 EPS.

Several other equities research analysts have also commented on ALSN. StockNews.com began coverage on shares of Allison Transmission in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Credit Suisse Group lowered shares of Allison Transmission from an “outperform” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research report on Tuesday, February 22nd. TheStreet lowered shares of Allison Transmission from a “b” rating to a “c+” rating in a research report on Friday, March 11th. Citigroup decreased their price objective on shares of Allison Transmission from $41.00 to $39.00 in a research report on Tuesday, April 12th. Finally, Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research report on Tuesday, February 8th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $39.43.

Shares of NYSE ALSN opened at $38.10 on Friday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 9.25, a PEG ratio of 1.06 and a beta of 0.99. Allison Transmission has a one year low of $32.55 and a one year high of $46.40. The company’s fifty day moving average is $38.44 and its two-hundred day moving average is $37.37. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.02 and a current ratio of 1.46.

Allison Transmission (NYSE:ALSNGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The auto parts company reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.14. Allison Transmission had a return on equity of 62.32% and a net margin of 18.40%. During the same period in the prior year, the firm earned $1.07 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Allison Transmission by 0.4% during the 4th quarter. BlackRock Inc. now owns 4,214,224 shares of the auto parts company’s stock valued at $153,188,000 after acquiring an additional 15,435 shares during the last quarter. Geode Capital Management LLC increased its position in Allison Transmission by 49.0% during the 4th quarter. Geode Capital Management LLC now owns 1,989,261 shares of the auto parts company’s stock worth $72,309,000 after purchasing an additional 654,449 shares in the last quarter. State Street Corp increased its position in Allison Transmission by 0.3% during the 4th quarter. State Street Corp now owns 1,738,220 shares of the auto parts company’s stock worth $63,184,000 after purchasing an additional 4,403 shares in the last quarter. Seizert Capital Partners LLC increased its position in Allison Transmission by 11.2% during the 4th quarter. Seizert Capital Partners LLC now owns 1,583,488 shares of the auto parts company’s stock worth $57,560,000 after purchasing an additional 159,872 shares in the last quarter. Finally, Millennium Management LLC increased its position in Allison Transmission by 36.1% during the 4th quarter. Millennium Management LLC now owns 1,565,108 shares of the auto parts company’s stock worth $56,892,000 after purchasing an additional 415,170 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

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

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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