$0.23 Earnings Per Share Expected for Allison Transmission Holdings Inc (NYSE:ALSN) This Quarter

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.

ALSN has been the subject of several research reports. Goldman Sachs Group raised Allison Transmission from a “neutral” rating to a “buy” rating and raised their target price for the company from $40.00 to $44.00 in a research note on Monday, April 20th. Credit Suisse Group raised their target price on Allison Transmission from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Morgan Stanley raised their target price on Allison Transmission from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, April 13th. ValuEngine downgraded Allison Transmission from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Finally, TheStreet downgraded Allison Transmission from a “b-” rating to a “c+” rating in a report on Thursday, March 19th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Allison Transmission currently has an average rating of “Hold” and a consensus target price of $47.89.

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.

Recommended Story: Mutual Funds

Get a free copy of the Zacks research report on Allison Transmission (ALSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Allison Transmission (NYSE:ALSN)

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.