$566.22 Million in Sales Expected for Allison Transmission (ALSN) This Quarter

Brokerages expect Allison Transmission (NYSE:ALSN) to report sales of $566.22 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Allison Transmission’s earnings, with estimates ranging from $547.00 million to $581.56 million. Allison Transmission posted sales of $499.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The business is expected to issue its next earnings results after the market closes on Monday, April 30th.

According to Zacks, analysts expect that Allison Transmission will report full year sales of $2.40 billion for the current year, with estimates ranging from $2.36 billion to $2.43 billion. For the next financial year, analysts expect that the company will post sales of $2.42 billion per share, with estimates ranging from $2.20 billion to $2.55 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Allison Transmission.

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Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The company had revenue of $588.00 million during the quarter, compared to the consensus estimate of $576.57 million. During the same period in the prior year, the company earned $0.36 EPS. Allison Transmission’s revenue was up 25.4% on a year-over-year basis.

A number of analysts have commented on the stock. Stifel Nicolaus raised shares of Allison Transmission from a “hold” rating to a “buy” rating and upped their price objective for the company from $44.00 to $50.00 in a research note on Friday, February 16th. Zacks Investment Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 12th. ValuEngine raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Bank of America lowered shares of Allison Transmission from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $52.00 to $48.00 in a research note on Thursday, February 8th. Finally, William Blair reaffirmed a “buy” rating on shares of Allison Transmission in a research note on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. Allison Transmission has a consensus rating of “Buy” and an average target price of $43.82.

ALSN stock traded up $1.26 during mid-day trading on Monday, reaching $41.48. 1,677,710 shares of the stock traded hands, compared to its average volume of 1,419,245. The company has a current ratio of 1.52, a quick ratio of 1.15 and a debt-to-equity ratio of 3.68. Allison Transmission has a 52-week low of $32.93 and a 52-week high of $45.69. The firm has a market capitalization of $5,633.48, a PE ratio of 15.59, a P/E/G ratio of 1.17 and a beta of 1.19.

In other news, Director James A. Star sold 30,168 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $40.17, for a total value of $1,211,848.56. Following the completion of the sale, the director now directly owns 41,900 shares of the company’s stock, valued at $1,683,123. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Star sold 135,460 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $44.50, for a total transaction of $6,027,970.00. Following the completion of the sale, the director now directly owns 41,450 shares of the company’s stock, valued at $1,844,525. The disclosure for this sale can be found here. Insiders sold 487,758 shares of company stock valued at $21,571,382 over the last three months. 8.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of Allison Transmission by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Allison Transmission by 2.0% in the fourth quarter. First Trust Advisors LP now owns 76,528 shares of the auto parts company’s stock worth $3,296,000 after purchasing an additional 1,474 shares in the last quarter. Aperio Group LLC lifted its position in shares of Allison Transmission by 5.5% in the fourth quarter. Aperio Group LLC now owns 30,413 shares of the auto parts company’s stock worth $1,310,000 after purchasing an additional 1,573 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Allison Transmission by 22.3% in the third quarter. SG Americas Securities LLC now owns 9,735 shares of the auto parts company’s stock worth $365,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Boothbay Fund Management LLC lifted its position in shares of Allison Transmission by 36.7% in the third quarter. Boothbay Fund Management LLC now owns 7,808 shares of the auto parts company’s stock worth $293,000 after purchasing an additional 2,098 shares in the last quarter.

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Allison Transmission Company Profile

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 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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