Allison Transmission Holdings, Inc. (NYSE:ALSN) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ALSN to report 3Q20 income of $ 0.54 per share.
For the full year, analysts anticipate top line of $ 1996.89 million, while looking forward to income of $ 2.90 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,375.00 million ~ $ 2,475.00 million
Click Here For More Historical Outlooks Of Allison Transmission Holdings, Inc.
Previous Quarter Performance
Allison Transmission Holdings, Inc. revealed income for the second quarter of $ 0.20 per share, from the revenue of $ 377.00 million. The quarterly earnings fell 86.30 percent while revenues dropped 48.85 percent compared with the same quarter last year.
Street analysts expected Allison Transmission Holdings, Inc. to report income of $ 0.17 per share on revenue of $ 398.67 million for the second quarter. The bottom line results beat street analysts by $ 0.03 or 17.65 percent, at the same time, top line results fell short of analysts by $ 21.67 million or 5.44 percent.
Stock Performance
Shares of Allison Transmission Holdings, Inc. traded low $ -0.70 or -1.85 percent on Tuesday, reaching $ 37.23 with volume of 1.05 million shares. Allison Transmission Holdings, Inc. has traded high as $ 38.26 and has cracked $ 37.10 on the downward trend
According to the previous trading day, closing price of $ 37.23, representing a 45.05 % increase from the 52 week low of $ 26.15 and a 23.73 % decrease over the 52 week high of $ 49.73.
The company has a market capital of $ 4.21 billion and is part of the Consumer Goods sector and Auto Parts industry.
Recent Analyst recommendations
- On 16th October 2020, maintained by Raymond James at Strong Buy rating, with $ 47.00 target price.
Recent Stock Dividend Announcement
On August 14, 2020, the board of directors authorized quarterly dividend of $ 0.17 per share to holders of record as of the close of business on August 24, 2020, with payment date of August 31, 2020 and ex-dividend date on August 21, 2020.
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.
