Allison Transmission Holdings, Inc. (ALSN) Releases Quarterly Earnings Results, Beats Estimates By $0.27 EPS

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.

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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).

Earnings History for Allison Transmission Holdings (NYSE:ALSN)

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