$600.39 Million in Sales Expected for Allison Transmission Holdings, Inc. (NYSE:ALSN) This Quarter

Equities analysts forecast that Allison Transmission Holdings, Inc. (NYSE:ALSN) will post sales of $600.39 million for the current quarter, according to Zacks. Four analysts have provided estimates for Allison Transmission’s earnings, with the lowest sales estimate coming in at $590.36 million and the highest estimate coming in at $609.30 million. Allison Transmission reported sales of $535.00 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The company is expected to issue its next quarterly earnings report on Wednesday, February 16th.

According to Zacks, analysts expect that Allison Transmission will report full year sales of $2.35 billion for the current fiscal year, with estimates ranging from $2.34 billion to $2.37 billion. For the next year, analysts forecast that the firm will report sales of $2.56 billion, with estimates ranging from $2.36 billion to $2.66 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Allison Transmission.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 26th. The auto parts company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.88 by $0.01. Allison Transmission had a return on equity of 51.91% and a net margin of 16.75%. The company had revenue of $567.00 million for the quarter, compared to analysts’ expectations of $580.32 million. During the same period last year, the firm posted $0.68 earnings per share. Allison Transmission’s revenue was up 6.6% compared to the same quarter last year.

Several research firms recently commented on ALSN. Credit Suisse Group dropped their price objective on Allison Transmission from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Friday, October 29th. Morgan Stanley dropped their price objective on Allison Transmission from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 13th. Citigroup increased their target price on Allison Transmission from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, October 12th. Robert W. Baird reissued a “hold” rating on shares of Allison Transmission in a report on Sunday, August 1st. Finally, JPMorgan Chase & Co. lowered their target price on Allison Transmission from $39.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, October 7th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $41.90.

Shares of Allison Transmission stock remained flat at $$37.53 during trading on Thursday. The company had a trading volume of 810,485 shares, compared to its average volume of 984,415. The company has a quick ratio of 1.32, a current ratio of 1.81 and a debt-to-equity ratio of 3.54. Allison Transmission has a 12 month low of $32.55 and a 12 month high of $46.40. The stock has a market cap of $3.91 billion, a PE ratio of 10.72, a P/E/G ratio of 1.33 and a beta of 1.12. The stock has a 50-day simple moving average of $35.51 and a 200-day simple moving average of $38.61.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Monday, November 22nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Friday, November 19th. Allison Transmission’s dividend payout ratio (DPR) is currently 21.71%.

In related news, Director Thomas W. Rabaut acquired 5,475 shares of the firm’s stock in a transaction dated Friday, November 12th. The shares were purchased at an average price of $36.59 per share, with a total value of $200,330.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Clark Estates Inc. NY raised its stake in Allison Transmission by 16.2% during the 2nd quarter. Clark Estates Inc. NY now owns 100,500 shares of the auto parts company’s stock valued at $3,994,000 after purchasing an additional 14,000 shares during the period. BNP Paribas Arbitrage SA raised its stake in Allison Transmission by 33.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 50,457 shares of the auto parts company’s stock valued at $2,005,000 after purchasing an additional 12,779 shares during the period. Squarepoint Ops LLC raised its stake in Allison Transmission by 197.4% during the 2nd quarter. Squarepoint Ops LLC now owns 137,506 shares of the auto parts company’s stock valued at $5,464,000 after purchasing an additional 91,268 shares during the period. Weiss Multi Strategy Advisers LLC bought a new stake in Allison Transmission during the 2nd quarter valued at approximately $2,009,000. Finally, Isthmus Partners LLC raised its stake in Allison Transmission by 1.0% during the 2nd quarter. Isthmus Partners LLC now owns 213,870 shares of the auto parts company’s stock valued at $8,499,000 after purchasing an additional 2,032 shares during the period.

About Allison Transmission

Allison Transmission Holdings, Inc engages in the manufacture and distribution of vehicle propulsion solutions, which includes commercial-duty on-highway, off-highway and defense fully-automatic transmissions and electric-hybrid and fully-electric systems. The company solutions are used in applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.

Recommended Story: How to interpret Moving Average Convergence Divergence (MACD)

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.