Allison Transmission Holdings, Inc. to Post Q3 2022 Earnings of $1.38 Per Share, William Blair Forecasts (NYSE:ALSN)

Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) – William Blair dropped their Q3 2022 earnings per share (EPS) estimates for Allison Transmission in a note issued to investors on Wednesday, August 3rd. William Blair analyst L. De. Maria now forecasts that the auto parts company will post earnings per share of $1.38 for the quarter, down from their previous forecast of $1.50. The consensus estimate for Allison Transmission’s current full-year earnings is $5.19 per share. William Blair also issued estimates for Allison Transmission’s FY2023 earnings at $5.95 EPS.

Allison Transmission (NYSE:ALSN – Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The auto parts company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.09). Allison Transmission had a net margin of 18.14% and a return on equity of 68.76%. During the same period last year, the company posted $1.01 EPS.

Several other equities research analysts also recently issued reports on ALSN. Citigroup lowered their price objective on shares of Allison Transmission from $41.00 to $39.00 in a research note on Tuesday, April 12th. JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $41.00 to $39.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. TheStreet upgraded shares of Allison Transmission from a “c+” rating to a “b-” rating in a research note on Thursday, June 9th. Finally, Credit Suisse Group raised their price objective on shares of Allison Transmission from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and an average price target of $38.40.

Allison Transmission Trading Up 0.5 %

Shares of ALSN stock opened at $37.71 on Friday. Allison Transmission has a 12 month low of $32.55 and a 12 month high of $42.00. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 3.69. The business’s 50 day moving average is $39.03 and its two-hundred day moving average is $38.78. The company has a market cap of $3.66 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. FinTrust Capital Advisors LLC lifted its position in Allison Transmission by 88.9% in the second quarter. FinTrust Capital Advisors LLC now owns 665 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 313 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Allison Transmission by 68.3% during 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. Canada Pension Plan Investment Board lifted its holdings in shares of Allison Transmission by 157.4% during the first quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the auto parts company’s stock valued at $51,000 after acquiring an additional 795 shares during the period. UMB Bank N A MO bought a new position in shares of Allison Transmission during the fourth quarter valued at $50,000. Finally, Covestor Ltd bought a new position in shares of Allison Transmission during the fourth quarter valued at $73,000.

Allison Transmission Company Profile

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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.