Allison Transmission (NYSE:ALSN) announced a quarterly dividend on Thursday, May 10th, Zacks reports. Stockholders of record on Monday, May 21st will be given a dividend of 0.15 per share by the auto parts company on Thursday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, May 18th.
Allison Transmission has raised its dividend by an average of 5.6% annually over the last three years. Allison Transmission has a dividend payout ratio of 24.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Allison Transmission to earn $4.09 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 14.7%.
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NYSE:ALSN opened at $42.92 on Thursday. Allison Transmission has a twelve month low of $42.51 and a twelve month high of $43.07. The firm has a market cap of $5.88 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.09 and a beta of 1.21. The company has a quick ratio of 1.25, a current ratio of 1.64 and a debt-to-equity ratio of 3.59.
Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Monday, April 30th. The auto parts company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.30. The firm had revenue of $663.00 million during the quarter, compared to the consensus estimate of $573.01 million. Allison Transmission had a return on equity of 71.50% and a net margin of 23.58%. The firm’s quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. sell-side analysts anticipate that Allison Transmission will post 3.92 earnings per share for the current year.
In other Allison Transmission news, Director James A. Star sold 108,292 shares of the business’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $42.28, for a total value of $4,578,585.76. Following the completion of the transaction, the director now directly owns 41,900 shares in the company, valued at $1,771,532. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Star sold 30,168 shares of the business’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $40.17, for a total transaction of $1,211,848.56. Following the completion of the transaction, the director now owns 41,900 shares of the company’s stock, valued at $1,683,123. The disclosure for this sale can be found here. Insiders sold 363,660 shares of company stock valued at $14,998,735 over the last quarter. 8.40% of the stock is currently owned by corporate insiders.
ALSN has been the subject of several recent research reports. Zacks Investment Research downgraded Allison Transmission from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Bank of America downgraded Allison Transmission from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $52.00 to $48.00 in a report on Thursday, February 8th. Stifel Nicolaus set a $44.00 price objective on Allison Transmission and gave the company a “hold” rating in a report on Friday, February 9th. William Blair restated a “buy” rating on shares of Allison Transmission in a report on Tuesday, February 13th. Finally, Royal Bank of Canada downgraded Allison Transmission from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $46.00 to $50.00 in a report on Friday, February 16th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.09.
Allison Transmission Company Profile
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 13 transmission product lines with approximately 100 product models 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.