Allison Transmission (ALSN) Set to Announce Quarterly Earnings on Thursday

Allison Transmission (NYSE:ALSN) is set to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Allison Transmission to post earnings of $1.87 per share for the quarter. Allison Transmission has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The business had revenue of $775.00 million for the quarter, compared to the consensus estimate of $744.00 million. During the same period last year, the firm earned $1.52 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts expect Allison Transmission to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Allison Transmission Price Performance

NYSE ALSN opened at $79.78 on Thursday. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03. Allison Transmission has a 12 month low of $44.68 and a 12 month high of $83.42. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 10.72, a PEG ratio of 1.50 and a beta of 1.03. The company’s 50 day moving average is $76.01 and its two-hundred day moving average is $63.40.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were given a dividend of $0.25 per share. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. Allison Transmission’s dividend payout ratio is currently 13.44%.

Insider Buying and Selling at Allison Transmission

In related news, VP Dana Jh Pittard sold 2,686 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the transaction, the vice president now directly owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dana Jh Pittard sold 2,686 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the sale, the vice president now directly owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock valued at $6,244,562 over the last ninety days. Corporate insiders own 0.93% of the company’s stock.

Institutional Trading of Allison Transmission

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Allison Transmission by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 11,928,508 shares of the auto parts company’s stock valued at $402,707,000 after acquiring an additional 39,841 shares during the last quarter. BlackRock Inc. boosted its holdings in Allison Transmission by 0.5% in the 1st quarter. BlackRock Inc. now owns 4,116,493 shares of the auto parts company’s stock valued at $186,230,000 after purchasing an additional 21,742 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Allison Transmission by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 3,517,819 shares of the auto parts company’s stock valued at $159,146,000 after buying an additional 38,500 shares during the period. AQR Capital Management LLC increased its holdings in shares of Allison Transmission by 18.9% during the 4th quarter. AQR Capital Management LLC now owns 2,244,170 shares of the auto parts company’s stock worth $92,639,000 after buying an additional 357,322 shares during the last quarter. Finally, State Street Corp raised its position in shares of Allison Transmission by 4.4% during the 1st quarter. State Street Corp now owns 1,814,133 shares of the auto parts company’s stock valued at $71,223,000 after buying an additional 75,913 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ALSN shares. Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley started coverage on Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price target for the company. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Finally, The Goldman Sachs Group raised their price objective on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Allison Transmission currently has an average rating of “Hold” and a consensus price target of $65.88.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.