Allison Transmission (ALSN) to Release Quarterly Earnings on Thursday

Allison Transmission (NYSE:ALSN - Get Free Report) is set to release its earnings data 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.Investors that are interested in registering for the company's conference call can do so using this link.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, beating 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 analyst estimates of $744.00 million. During the same quarter in the previous year, the business posted $1.52 EPS. The business'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 $9 EPS for the next fiscal year.

Allison Transmission Stock Down 0.5 %

NYSE ALSN traded down $0.39 during trading hours on Thursday, hitting $79.39. The company had a trading volume of 520,712 shares, compared to its average volume of 664,599. The firm's 50 day moving average is $76.01 and its 200 day moving average is $63.40. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94. Allison Transmission has a fifty-two week low of $44.68 and a fifty-two week high of $83.42. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 1.48 and a beta of 1.03.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Allison Transmission's previous quarterly dividend of $0.23. Allison Transmission's dividend payout ratio (DPR) is 13.44%.

Insider Activity at Allison Transmission

In other news, VP Ryan A. Milburn sold 2,598 shares of the business's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the completion of the transaction, the vice president now directly owns 14,456 shares of the company's stock, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Graziosi sold 76,318 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now directly owns 125,479 shares of the company's stock, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock valued at $6,244,562 over the last three months. 1.10% of the stock is owned by insiders.

Institutional Trading of Allison Transmission

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Management LLC bought a new stake in Allison Transmission in the 1st quarter valued at about $220,000. Utah Retirement Systems acquired a new position in shares of Allison Transmission during the fourth quarter worth approximately $212,000. Vanguard Personalized Indexing Management LLC bought a new position in Allison Transmission in the 2nd quarter worth approximately $211,000. Covestor Ltd increased its position in Allison Transmission by 79.3% in the 1st quarter. Covestor Ltd now owns 3,579 shares of the auto parts company's stock valued at $141,000 after acquiring an additional 1,583 shares during the period. Finally, KBC Group NV acquired a new stake in Allison Transmission in the 4th quarter valued at approximately $81,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.