Allison Transmission - ALSN Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allison Transmission in the last year. There are currently 3 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" ALSN shares.
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5 analysts have issued twelve-month price targets for Allison Transmission's shares. Their ALSN share price forecasts range from $32.00 to $44.00. On average, they expect the company's share price to reach $38.80 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
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Allison Transmission's stock was trading at $36.35 at the start of the year. Since then, ALSN stock has decreased by 7.1% and is now trading at $33.76.
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Allison Transmission saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 3,240,000 shares, a decrease of 21.2% from the August 31st total of 4,110,000 shares. Based on an average daily volume of 820,300 shares, the days-to-cover ratio is currently 3.9 days. Approximately 3.4% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
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Allison Transmission Holdings, Inc. (NYSE:ALSN) posted its quarterly earnings results on Wednesday, August, 3rd. The auto parts company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.35 by $0.09. The auto parts company earned $664 million during the quarter, compared to the consensus estimate of $698.73 million. Allison Transmission had a trailing twelve-month return on equity of 66.88% and a net margin of 18.14%. During the same period in the previous year, the company earned $1.01 earnings per share.

Allison Transmission announced a quarterly dividend on Tuesday, August 9th. Investors of record on Monday, August 22nd will be paid a dividend of $0.21 per share on Wednesday, August 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, August 19th.
Read our dividend analysis for ALSN.

Allison Transmission (NYSE:ALSN) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.45%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALSN will have a dividend payout ratio of 14.21% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALSN.

Allison Transmission issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.65 billion-$2.75 billion, compared to the consensus revenue estimate of $2.71 billion.

20 employees have rated Allison Transmission Chief Executive Officer David S. Graziosi on Glassdoor.com. David S. Graziosi has an approval rating of 43% among the company's employees. This puts David S. Graziosi in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Allison Transmission investors own include Alibaba Group (BABA), Energy Transfer (ET), Advanced Micro Devices (AMD), NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Applied Materials (AMAT), Tesla (TSLA), Verizon Communications (VZ) and Salesforce (CRM).

Allison Transmission trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALSN."

Shares of ALSN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALSN stock can currently be purchased for approximately $33.76.

Allison Transmission (NYSE:ALSN) has a market capitalization of $3.25 billion and generates $2.40 billion in revenue each year. The auto parts company earns $442 million in net income (profit) each year or $4.60 on an earnings per share basis.

The company employs 3,400 workers across the globe.

Allison Transmission's mailing address is ONE ALLISON WAY, INDIANAPOLIS IN, 46222. The official website for the company is www.allisontransmission.com. The auto parts company can be reached via phone at (317) 242-5000, via email at ir@allisontransmission.com, or via fax at 317-242-0630.