Q4 2023 Earnings Forecast for Allison Transmission Holdings, Inc. Issued By Zacks Research (NYSE:ALSN)

Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) – Zacks Research cut their Q4 2023 earnings per share estimates for Allison Transmission in a report issued on Monday, March 13th. Zacks Research analyst R. Singhi now anticipates that the auto parts company will earn $1.39 per share for the quarter, down from their previous forecast of $1.41. The consensus estimate for Allison Transmission’s current full-year earnings is $6.03 per share. Zacks Research also issued estimates for Allison Transmission’s Q4 2024 earnings at $1.47 EPS, FY2024 earnings at $5.77 EPS and FY2025 earnings at $6.40 EPS.

ALSN has been the topic of several other research reports. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $33.00 to $37.00 and gave the stock a “sell” rating in a research note on Friday, February 17th. Citigroup lifted their target price on shares of Allison Transmission from $44.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, February 21st. Robert W. Baird boosted their price target on shares of Allison Transmission from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, February 16th. Morgan Stanley boosted their target price on shares of Allison Transmission from $36.00 to $39.00 and gave the stock an “underweight” rating in a report on Tuesday, February 21st. Finally, StockNews.com began coverage on shares of Allison Transmission in a report on Thursday. They set a “strong-buy” rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Allison Transmission Stock Performance

Shares of ALSN opened at $43.36 on Wednesday. The company has a 50-day simple moving average of $45.44 and a two-hundred day simple moving average of $41.67. Allison Transmission has a one year low of $32.63 and a one year high of $50.64. The firm has a market capitalization of $3.98 billion, a PE ratio of 7.84, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.80 and a quick ratio of 1.34.

Allison Transmission (NYSE:ALSN – Get Rating) last posted its earnings results on Wednesday, February 15th. The auto parts company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.31. The company had revenue of $718.00 million during the quarter, compared to analyst estimates of $676.21 million. Allison Transmission had a net margin of 19.18% and a return on equity of 69.32%. Allison Transmission’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.15 earnings per share.

Institutional Trading of Allison Transmission

A number of hedge funds have recently made changes to their positions in ALSN. AMI Investment Management Inc. grew its holdings in Allison Transmission by 7.1% during the first quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock worth $3,816,000 after acquiring an additional 6,438 shares during the period. JPMorgan Chase & Co. lifted its holdings in Allison Transmission by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock worth $13,140,000 after purchasing an additional 16,209 shares during the last quarter. Raymond James & Associates lifted its holdings in Allison Transmission by 267.3% in the 1st quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock worth $1,323,000 after purchasing an additional 24,534 shares during the last quarter. Citigroup Inc. lifted its holdings in Allison Transmission by 1.5% in the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock worth $2,938,000 after purchasing an additional 1,127 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Allison Transmission by 31.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock worth $514,000 after purchasing an additional 3,142 shares during the last quarter. Institutional investors and hedge funds own 99.89% of the company’s stock.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 16,954 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $48.20, for a total transaction of $817,182.80. Following the completion of the sale, the chief executive officer now owns 176,392 shares in the company, valued at approximately $8,502,094.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David S. Graziosi sold 16,954 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $48.20, for a total transaction of $817,182.80. Following the transaction, the chief executive officer now directly owns 176,392 shares of the company’s stock, valued at approximately $8,502,094.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Eric C. Scroggins sold 9,121 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $47.68, for a total transaction of $434,889.28. Following the transaction, the vice president now directly owns 7,508 shares in the company, valued at $357,981.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,656 shares of company stock worth $2,308,269. Corporate insiders own 1.10% of the company’s stock.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Monday, March 6th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, March 3rd. This is a boost from Allison Transmission’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.12%. Allison Transmission’s dividend payout ratio (DPR) is currently 16.64%.

Allison Transmission Company Profile

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Allison Transmission Holdings, Inc engages in the design and manufacture of vehicle propulsion solutions for commercial and defense vehicles. The company also manufactures medium and heavy duty fully automatic transmissions and electrified propulsion systems. Its products are used in a variety of applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.