Brokerages Anticipate Allison Transmission (ALSN) Will Announce Quarterly Sales of $566.22 Million

Brokerages expect that Allison Transmission (NYSE:ALSN) will announce sales of $566.22 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Allison Transmission’s earnings, with the highest sales estimate coming in at $581.56 million and the lowest estimate coming in at $547.00 million. Allison Transmission reported sales of $499.00 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.5%. The company is scheduled to issue its next earnings report after the market closes on Monday, April 30th.

On average, 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 year, analysts anticipate that the company will report sales of $2.42 billion per share, with estimates ranging from $2.20 billion to $2.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Allison Transmission.

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

ALSN has been the subject of a number of research analyst reports. JPMorgan Chase lowered Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price target for the company. in a research note on Friday, February 16th. Stifel Nicolaus raised Allison Transmission from a “hold” rating to a “buy” rating and raised their price target for the stock from $44.00 to $50.00 in a research note on Friday, February 16th. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, February 6th. William Blair reissued a “buy” rating on shares of Allison Transmission in a research report on Tuesday, February 13th. Finally, Royal Bank of Canada lowered Allison Transmission from an “outperform” rating to a “sector perform” rating and raised their price objective for the company from $46.00 to $50.00 in a research report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.82.

In other news, Director James A. Star sold 135,460 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 41,450 shares in the company, valued at $1,844,525. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James A. Star sold 30,168 shares of the firm’s stock in a transaction 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 transaction, the director now owns 41,900 shares of the company’s stock, valued at $1,683,123. The disclosure for this sale can be found here. Insiders have sold 487,758 shares of company stock valued at $21,571,382 in the last three months. Insiders own 8.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Burgundy Asset Management Ltd. increased its holdings in shares of Allison Transmission by 0.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 5,149,530 shares of the auto parts company’s stock valued at $221,790,000 after acquiring an additional 34,690 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Allison Transmission by 2.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,065,472 shares of the auto parts company’s stock valued at $132,030,000 after acquiring an additional 68,837 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Allison Transmission by 0.4% during the third quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock valued at $102,554,000 after acquiring an additional 10,476 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Allison Transmission by 44.5% during the fourth quarter. Jennison Associates LLC now owns 2,584,627 shares of the auto parts company’s stock valued at $111,320,000 after acquiring an additional 796,191 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Allison Transmission by 8.6% during the fourth quarter. TIAA CREF Investment Management LLC now owns 1,671,194 shares of the auto parts company’s stock valued at $71,978,000 after acquiring an additional 132,129 shares in the last quarter.

ALSN stock traded up $0.58 on Monday, reaching $40.22. The company’s stock had a trading volume of 1,322,247 shares, compared to its average volume of 1,311,630. Allison Transmission has a 12-month low of $32.93 and a 12-month high of $45.69. The firm has a market capitalization of $5,552.24, a price-to-earnings ratio of 15.12, a PEG ratio of 1.15 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.52 and a debt-to-equity ratio of 3.68.

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About Allison Transmission

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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