Allison Transmission Holdings, (NYSE:ALSN):
Allison Transmission schedules second quarter 2017 earnings conference call.
The company is so far trading down from yesterday’s close of $38.65.
Allison Transmission Holdings, announced a dividend for shareholders which was paid on Friday May 26th, 2017. The dividend was $0.150 per share for the quarter which comes to $0.60 on an annualized basis. This dividend represents a yeild of $1.58 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 18th of May 2017.
Allison Transmission Holdings, Inc., launched on June 22, 2007, and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Business’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Business’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company had developed over 100 different models that were used in more than 2,500 different vehicle configurations and were compatible with over 500 combinations of engines, as of December 31, 2016..
Company shares last traded at $38.58 which is marginally higher than $37.77, the stock’s 50 day moving average and barely above the 200 day moving average of $36.22. The 50 day moving average went up $0.81 or +2.15% whereas the 200 day average was up by +6.51%.
The P/E ratio is currently 25.67 and market cap is 5.86B. As of the latest earnings report the EPS was $1.50 and is estimated to be $1.81 for the current year with 152,015,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.41 and the next full year EPS is anticipated to be $2.03.
A few brokerage firms have released opinions on the company. On December 9, 2016 the stock rating was changed to a “Overweight” according to a PiperJaffray report which was a cut from the previous “” rating. On December 9 the company was rated “Overweight” in a report from JP Morgan which is up from the previous “Overweight” rating.
October 12 investment analysts at Barclays maintained a company rating of “Overweight” but moved down the price target to $30.00 from $31.00. On September 30, 2016 CLSA starting coverage on ALSN setting a rating of “Outperform” and setting a price target of $31.00.
On July 29 Citigroup kept the stock rating at “Neutral” and lowered the price target from $34.00 to $30.00. On June 14 the stock rating was downgraded to “Hold” from “Buy” by analysts at Stifel Nicolaus.