Allison Transmission Holdings, Inc. (ALSN) To Go Ex-Dividend on August 21st

Allison Transmission Holdings, Inc. (NYSE:ALSN) announced a quarterly dividend on Tuesday, August 11th. Investors of record on Friday, August 21st will be paid a dividend of 0.29 per share by the auto parts company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st.

Allison Transmission has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Allison Transmission has a dividend payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Allison Transmission to earn $11.32 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 10.2%.

Allison Transmission Trading Down 1.0%

ALSN opened at $125.78 on Wednesday. The stock has a market capitalization of $10.39 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.67 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. Allison Transmission has a 12 month low of $76.01 and a 12 month high of $137.62. The firm’s fifty day simple moving average is $118.32 and its 200 day simple moving average is $118.91.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.25. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same quarter last year, the business posted $2.29 EPS. As a group, research analysts anticipate that Allison Transmission will post 9.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ALSN. Wells Fargo & Company increased their price objective on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Citigroup decreased their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Finally, Morgan Stanley lifted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.17.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.