Allison Transmission Holdings, Inc. (NYSE:ALSN) issued its earnings results on Monday. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.27, Bloomberg Earnings reports. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. The business had revenue of $595.00 million during the quarter, compared to analysts’ expectations of $533.53 million. During the same quarter in the prior year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 37.1% on a year-over-year basis.
Shares of Allison Transmission Holdings (NYSE:ALSN) traded down 1.25% during trading on Tuesday, hitting $41.77. 1,533,216 shares of the stock were exchanged. The stock has a 50-day moving average of $37.28 and a 200 day moving average of $37.22. Allison Transmission Holdings has a 12-month low of $28.29 and a 12-month high of $45.69. The stock has a market cap of $6.22 billion, a P/E ratio of 23.72 and a beta of 1.19.
Several research analysts have recently issued reports on ALSN shares. BidaskClub cut shares of Allison Transmission Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price target (up previously from $40.00) on shares of Allison Transmission Holdings in a research note on Friday, July 28th. J P Morgan Chase & Co cut shares of Allison Transmission Holdings from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $39.00 in a research note on Thursday, August 17th. Piper Jaffray Companies reiterated a “sell” rating and set a $31.00 price target on shares of Allison Transmission Holdings in a research note on Wednesday, July 12th. Finally, Longbow Research cut shares of Allison Transmission Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.88.
In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the sale, the chief financial officer now owns 233,387 shares in the company, valued at approximately $8,688,998.01. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Randall R. Kirk sold 7,541 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total value of $258,430.07. Following the sale, the senior vice president now owns 84,494 shares in the company, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. Corporate insiders own 7.90% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This report was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2017/10/31/allison-transmission-holdings-inc-alsn-releases-quarterly-earnings-results-beats-estimates-by-0-27-eps.html.
Allison Transmission Holdings Company Profile
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).
What are top analysts saying about Allison Transmission Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Allison Transmission Holdings Inc. and related companies.