Allison Transmission (NYSE:ALSN – Get Free Report) announced its quarterly earnings data on Thursday. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09, Briefing.com reports. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The company had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter in the prior year, the company earned $1.92 EPS. The firm’s revenue was up 4.2% on a year-over-year basis. Allison Transmission updated its FY 2024 guidance to EPS.
Allison Transmission Trading Up 4.0 %
NYSE ALSN traded up $3.34 during trading on Friday, hitting $87.75. The company had a trading volume of 1,466,882 shares, compared to its average volume of 648,823. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. Allison Transmission has a one year low of $50.13 and a one year high of $88.63. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 1.51 and a beta of 1.00. The company’s fifty day moving average is $76.44 and its 200-day moving average is $73.49.
Allison Transmission Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.14%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.
Analyst Upgrades and Downgrades
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Insiders Place Their Bets
In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the sale, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares in the company, valued at $344,395.52. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.
Allison Transmission Company Profile
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.
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