Q3 2022 EPS Estimates for Allison Transmission Holdings, Inc. Reduced by Analyst (NYSE:ALSN)

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating) – Equities research analysts at William Blair reduced their Q3 2022 earnings per share (EPS) estimates for shares of Allison Transmission in a report issued on Wednesday, April 27th. William Blair analyst L. De. Maria now anticipates that the auto parts company will post earnings of $1.50 per share for the quarter, down from their previous estimate of $1.51. William Blair also issued estimates for Allison Transmission’s Q4 2022 earnings at $1.05 EPS and FY2023 earnings at $6.09 EPS.

ALSN has been the topic of several other research reports. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday, February 8th. Morgan Stanley lifted their target price on Allison Transmission from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Tuesday, April 5th. TheStreet lowered Allison Transmission from a “b” rating to a “c+” rating in a research note on Friday, March 11th. StockNews.com began coverage on Allison Transmission in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Citigroup dropped their price target on Allison Transmission from $41.00 to $39.00 in a research note on Tuesday, April 12th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.43.

ALSN stock opened at $38.10 on Friday. The business has a 50-day moving average price of $38.44 and a 200 day moving average price of $37.37. Allison Transmission has a 1-year low of $32.55 and a 1-year high of $46.40. 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 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 (NYSE:ALSNGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The auto parts company reported $1.30 earnings per share for the quarter, beating the 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 company earned $1.07 earnings per share.

Several institutional investors have recently added to or reduced their stakes in ALSN. Fieldpoint Private Securities LLC acquired a new stake in shares of Allison Transmission during the third quarter worth about $31,000. Point72 Hong Kong Ltd acquired a new position in Allison Transmission in the third quarter valued at approximately $38,000. First Horizon Advisors Inc. lifted its holdings in Allison Transmission by 68.3% in the fourth quarter. First Horizon Advisors Inc. now owns 1,220 shares of the auto parts company’s stock valued at $44,000 after acquiring an additional 495 shares during the period. UMB Bank N A MO acquired a new position in Allison Transmission in the fourth quarter valued at approximately $50,000. Finally, Trust Co. of Vermont acquired a new position in Allison Transmission in the fourth quarter valued at approximately $52,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

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

Featured Stories

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.