Equities research analysts expect Allison Transmission Holdings Inc (NYSE:ALSN) to announce earnings of $0.23 per share for the current quarter, according to Zacks. Five analysts have made estimates for Allison Transmission’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.56. Allison Transmission posted earnings per share of $1.46 during the same quarter last year, which would suggest a negative year-over-year growth rate of 84.2%. The company is scheduled to announce its next earnings report on Wednesday, July 29th.
On average, analysts expect that Allison Transmission will report full-year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $1.93 to $2.91. For the next financial year, analysts anticipate that the firm will report earnings of $3.53 per share, with EPS estimates ranging from $3.05 to $4.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Allison Transmission.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, May 4th. The auto parts company reported $1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.26. Allison Transmission had a return on equity of 78.97% and a net margin of 21.65%. The business had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $575.95 million. During the same quarter last year, the business posted $1.32 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis.
Institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC purchased a new stake in Allison Transmission in the 4th quarter worth about $43,000. FinTrust Capital Advisors LLC lifted its stake in Allison Transmission by 37.3% in the 1st quarter. FinTrust Capital Advisors LLC now owns 1,199 shares of the auto parts company’s stock worth $39,000 after acquiring an additional 326 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Allison Transmission in the 1st quarter worth about $48,000. Parallel Advisors LLC lifted its stake in Allison Transmission by 211.6% in the 1st quarter. Parallel Advisors LLC now owns 1,536 shares of the auto parts company’s stock worth $50,000 after acquiring an additional 1,043 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in Allison Transmission in the 1st quarter worth about $52,000. 99.23% of the stock is owned by hedge funds and other institutional investors.
ALSN stock traded up $1.30 during trading hours on Wednesday, hitting $36.74. 17,637 shares of the stock traded hands, compared to its average volume of 993,894. The stock has a 50-day simple moving average of $37.07 and a 200 day simple moving average of $40.17. Allison Transmission has a one year low of $26.15 and a one year high of $49.73. The company has a market cap of $4.01 billion, a P/E ratio of 7.40, a P/E/G ratio of 1.49 and a beta of 1.32. The company has a current ratio of 1.56, a quick ratio of 1.08 and a debt-to-equity ratio of 3.62.
About Allison Transmission
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 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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