Allison Transmission (NYSE:ALSN) Announces Earnings Results

Allison Transmission (NYSE:ALSN) posted its quarterly earnings results on Thursday. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09, Briefing.com reports. The company had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. Allison Transmission’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.92 EPS. Allison Transmission updated its FY 2024 guidance to EPS.

Allison Transmission Price Performance

Allison Transmission stock traded up $3.34 during trading on Friday, reaching $87.75. The company had a trading volume of 1,466,882 shares, compared to its average volume of 648,823. The firm’s 50-day simple moving average is $76.44 and its 200 day simple moving average is $73.49. Allison Transmission has a 1-year low of $50.13 and a 1-year high of $88.63. The firm has a market capitalization of $7.68 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.14%. Allison Transmission’s dividend payout ratio is currently 13.35%.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ALSN shares. JPMorgan Chase & Co. lifted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Raymond James started coverage on shares of Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price for the company. Citigroup started coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 target price for the company. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Robert W. Baird lifted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $75.63.

About Allison Transmission

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.