Allison Transmission (NYSE:ALSN – Get Free Report) announced its earnings results on Tuesday. The auto parts company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26, Briefing.com reports. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same period in the prior year, the business posted $1.76 earnings per share. Allison Transmission’s revenue was up 12.0% compared to the same quarter last year. Allison Transmission updated its FY 2024 guidance to EPS.
Allison Transmission Stock Performance
Shares of ALSN stock opened at $108.11 on Thursday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.78 and a quick ratio of 2.19. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $109.30. The stock’s 50-day moving average is $94.20 and its two-hundred day moving average is $83.94. The firm has a market cap of $9.46 billion, a P/E ratio of 14.43, a PEG ratio of 1.78 and a beta of 0.99.
Allison Transmission Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is currently 13.35%.
Insiders Place Their Bets
Analyst Ratings Changes
Several brokerages have recently commented on ALSN. The Goldman Sachs Group upped their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Citigroup upped their price target on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $91.00.
Get Our Latest Stock Analysis on Allison Transmission
About Allison Transmission
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.
Read More
- Five stocks we like better than Allison Transmission
- What Are Trending Stocks? Trending Stocks Explained
- Zillow Stock’s Bull Case: Why This Recent Sell-Off Could Be a Buy
- How to Calculate Stock Profit
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
- Do ETFs Pay Dividends? What You Need to Know
- Caterpillar Stock: Market Points to a Buying Opportunity
Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.