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 transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles. The company markets its transmissions under the Allison Transmission brand name; and remanufactured transmissions under the ReTran brand name. It also sells branded replacement parts, support equipment, aluminum die cast components, and other products necessary to service the installed base of vehicles utilizing its transmissions, as well as defense kits, engineering services, and extended transmission coverage services to various original equipment manufacturers, distributors, and the U.S. government. The company serves customers through an independent network of approximately 1,400 independent distributor and dealer locations. The company was formerly known as Clutch Holdings, Inc. Allison Transmission Holdings, Inc. was founded in 1915 and is headquartered in Indianapolis, Indiana.
Allison Transmission Trading Up 1.3 %
NYSE:ALSN traded up $0.49 on Monday, reaching $39.26. The company's stock had a trading volume of 557,602 shares, compared to its average volume of 827,810. Allison Transmission has a 12-month low of $32.55 and a 12-month high of $42.00. The company has a quick ratio of 1.25, a current ratio of 1.77 and a debt-to-equity ratio of 3.34. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. The stock has a 50 day moving average price of $38.83 and a 200 day moving average price of $38.75.
Allison Transmission (NYSE:ALSN - Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The auto parts company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.09). Allison Transmission had a net margin of 18.14% and a return on equity of 66.88%. During the same period in the previous year, the company posted $1.01 earnings per share. On average, equities analysts anticipate that Allison Transmission will post 5.02 EPS for the current fiscal year.
Allison Transmission Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 22nd will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.84 annualized dividend and a dividend yield of 2.14%. Allison Transmission's dividend payout ratio is presently 18.26%.
Wall Street Analysts Forecast Growth
ALSN has been the topic of a number of research analyst reports. TheStreet raised Allison Transmission from a "c+" rating to a "b-" rating in a research note on Thursday, June 9th. Citigroup lifted their price target on Allison Transmission to $41.00 in a research note on Tuesday, August 9th. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $41.00 to $39.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 12th. Finally, Credit Suisse Group lifted their price objective on Allison Transmission from $40.00 to $44.00 and gave the stock a "neutral" rating in a research report on Thursday, August 4th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $38.80.