Allison Transmission Holdings Inc (NYSE:ALSN) Expected to Post Quarterly Sales of $594.66 Million

Brokerages predict that Allison Transmission Holdings Inc (NYSE:ALSN) will post sales of $594.66 million for the current quarter, Zacks reports. Five analysts have provided estimates for Allison Transmission’s earnings, with the highest sales estimate coming in at $605.00 million and the lowest estimate coming in at $580.40 million. Allison Transmission posted sales of $647.00 million during the same quarter last year, which suggests a negative year over year growth rate of 8.1%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, February 19th.

According to Zacks, analysts expect that Allison Transmission will report full-year sales of $2.68 billion for the current year, with estimates ranging from $2.66 billion to $2.69 billion. For the next year, analysts forecast that the firm will post sales of $2.50 billion, with estimates ranging from $2.43 billion to $2.58 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Allison Transmission.

Several brokerages have issued reports on ALSN. Raymond James lifted their target price on shares of Allison Transmission from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 target price on shares of Allison Transmission in a research report on Monday, January 20th. Vertical Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Zacks Investment Research lowered shares of Allison Transmission from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, January 3rd. Finally, Bank of America upgraded shares of Allison Transmission from a “neutral” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.63.

Allison Transmission stock traded down $0.11 during mid-day trading on Friday, hitting $44.24. 1,320,700 shares of the company traded hands, compared to its average volume of 913,790. Allison Transmission has a one year low of $41.26 and a one year high of $52.67. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 1.49 and a beta of 1.36. The company has a debt-to-equity ratio of 3.38, a quick ratio of 1.13 and a current ratio of 1.57. The stock has a fifty day moving average price of $46.86 and a 200-day moving average price of $46.08.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Outlook Wealth Advisors LLC lifted its holdings in shares of Allison Transmission by 3.3% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 7,178 shares of the auto parts company’s stock worth $338,000 after acquiring an additional 232 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Allison Transmission by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 32,354 shares of the auto parts company’s stock worth $1,520,000 after acquiring an additional 238 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Allison Transmission by 4.1% in the 3rd quarter. Cetera Advisor Networks LLC now owns 6,186 shares of the auto parts company’s stock worth $291,000 after acquiring an additional 244 shares during the last quarter. M&T Bank Corp lifted its holdings in shares of Allison Transmission by 1.4% in the 4th quarter. M&T Bank Corp now owns 20,228 shares of the auto parts company’s stock worth $978,000 after acquiring an additional 287 shares during the last quarter. Finally, World Asset Management Inc lifted its holdings in shares of Allison Transmission by 5.5% in the 3rd quarter. World Asset Management Inc now owns 5,699 shares of the auto parts company’s stock worth $268,000 after acquiring an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

About Allison Transmission

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

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