Allison Transmission Holdings, Inc. to Post Q3 2022 Earnings of $1.38 Per Share, William Blair Forecasts (NYSE:ALSN)

Posted by on Aug 6th, 2022

Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) – Stock analysts at William Blair decreased their Q3 2022 earnings per share estimates for shares of Allison Transmission in a research note issued on Wednesday, August 3rd. William Blair analyst L. De. Maria now forecasts that the auto parts company will earn $1.38 per share for the quarter, down from their prior estimate of $1.50. The consensus estimate for Allison Transmission’s current full-year earnings is $5.19 per share. William Blair also issued estimates for Allison Transmission’s FY2023 earnings at $5.95 EPS.

A number of other equities research analysts have also recently weighed in on the company. Credit Suisse Group increased their price target on Allison Transmission from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. decreased their price objective on Allison Transmission from $41.00 to $39.00 and set an “underweight” rating on the stock in a report on Tuesday, July 12th. TheStreet raised Allison Transmission from a “c+” rating to a “b-” rating in a report on Thursday, June 9th. Finally, Citigroup decreased their price objective on Allison Transmission from $41.00 to $39.00 in a report on Tuesday, April 12th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $38.40.

Allison Transmission Stock Up 0.5 %

ALSN opened at $37.71 on Friday. Allison Transmission has a 1-year low of $32.55 and a 1-year high of $42.00. The stock’s fifty day simple moving average is $39.03 and its 200 day simple moving average is $38.78. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 3.69. The stock has a market cap of $3.66 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92.

Allison Transmission (NYSE:ALSN – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The auto parts company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.09). Allison Transmission had a net margin of 18.14% and a return on equity of 68.76%. During the same period in the prior year, the firm posted $1.01 earnings per share.

Institutional Trading of Allison Transmission

Several large investors have recently modified their holdings of ALSN. Geode Capital Management LLC grew its holdings in shares of Allison Transmission by 49.0% during the 4th quarter. Geode Capital Management LLC now owns 1,989,261 shares of the auto parts company’s stock worth $72,309,000 after purchasing an additional 654,449 shares in the last quarter. Lodge Hill Capital LLC acquired a new stake in shares of Allison Transmission during the 4th quarter worth $20,901,000. Millennium Management LLC lifted its position in shares of Allison Transmission by 36.1% during the 4th quarter. Millennium Management LLC now owns 1,565,108 shares of the auto parts company’s stock worth $56,892,000 after buying an additional 415,170 shares during the last quarter. Royce & Associates LP bought a new stake in shares of Allison Transmission during the 2nd quarter worth $13,393,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Allison Transmission during the 2nd quarter worth $13,126,000.

About Allison Transmission

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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 transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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