Brokerages Anticipate Allison Transmission Holdings Inc (ALSN) Will Post Quarterly Sales of $568.98 Million

Wall Street brokerages expect that Allison Transmission Holdings Inc (NYSE:ALSN) will report $568.98 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Allison Transmission’s earnings. The lowest sales estimate is $562.00 million and the highest is $589.58 million. Allison Transmission reported sales of $468.90 million during the same quarter last year, which indicates a positive year over year growth rate of 21.3%. The business is expected to announce its next earnings report on Monday, February 5th.

On average, analysts expect that Allison Transmission will report full year sales of $568.98 million for the current fiscal year, with estimates ranging from $2.24 billion to $2.26 billion. For the next financial year, analysts forecast that the business will report sales of $2.37 billion per share, with estimates ranging from $2.27 billion to $2.45 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow Allison Transmission.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.27. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The company had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. During the same quarter last year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 37.1% compared to the same quarter last year.

A number of equities analysts have recently commented on ALSN shares. BidaskClub raised shares of Allison Transmission from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research lowered shares of Allison Transmission from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Longbow Research lowered shares of Allison Transmission from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Piper Jaffray Companies set a $26.00 target price on shares of Allison Transmission and gave the stock a “sell” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $44.18.

Allison Transmission (ALSN) opened at $44.39 on Friday. Allison Transmission has a 52-week low of $32.93 and a 52-week high of $45.69. The company has a market cap of $6,292.77, a P/E ratio of 19.64, a PEG ratio of 1.67 and a beta of 1.21. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15.

Allison Transmission declared that its Board of Directors has initiated a share buyback program on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other Allison Transmission news, VP Eric C. Scroggins sold 7,500 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $39.51, for a total value of $296,325.00. Following the sale, the vice president now owns 23,480 shares of the company’s stock, valued at approximately $927,694.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James A. Star sold 136,160 shares of the business’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $43.26, for a total transaction of $5,890,281.60. Following the completion of the sale, the director now directly owns 41,450 shares in the company, valued at approximately $1,793,127. The disclosure for this sale can be found here. Insiders have sold 2,955,539 shares of company stock worth $129,683,061 in the last ninety days. 7.90% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Allison Transmission by 2.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 850,469 shares of the auto parts company’s stock valued at $31,918,000 after buying an additional 18,797 shares during the period. Goldman Sachs Group Inc. increased its holdings in Allison Transmission by 140.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock valued at $38,652,000 after buying an additional 601,174 shares during the period. Burgundy Asset Management Ltd. increased its holdings in Allison Transmission by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,796,019 shares of the auto parts company’s stock valued at $179,899,000 after buying an additional 61,875 shares during the period. Strategic Global Advisors LLC bought a new stake in Allison Transmission in the 3rd quarter valued at $298,000. Finally, Dimensional Fund Advisors LP increased its holdings in Allison Transmission by 11.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,403,681 shares of the auto parts company’s stock valued at $52,650,000 after buying an additional 141,741 shares during the period.

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About Allison Transmission

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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