Allison Transmission (NYSE:ALSN) Posts Earnings Results, Beats Estimates By $0.09 EPS

Allison Transmission (NYSE:ALSN) announced its quarterly earnings results on Thursday. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09, Briefing.com reports. Allison Transmission had a return on equity of 54.59% and a net margin of 21.95%. The firm had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. During the same period in the prior year, the company posted $1.92 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Allison Transmission updated its FY 2024 guidance to EPS.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded up $3.35 during trading on Friday, hitting $87.76. The stock had a trading volume of 1,466,939 shares, compared to its average volume of 615,005. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. The firm has a market cap of $7.68 billion, a P/E ratio of 11.72, a PEG ratio of 1.55 and a beta of 1.00. The business has a fifty day moving average of $76.69 and a two-hundred day moving average of $73.69. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $88.63.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.14%. Allison Transmission’s payout ratio is 13.35%.

Wall Street Analyst Weigh In

ALSN has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday. Robert W. Baird lifted their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Citigroup assumed coverage on Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average target price of $75.63.

Insider Activity

In related news, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the transaction, the vice president now owns 4,624 shares in the company, valued at $344,395.52. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Allison Transmission Company Profile

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.