Allison Transmission Holdings Inc (ALSN) Releases Earnings Results, Beats Expectations By $0.04 EPS

Allison Transmission Holdings Inc (ALSN) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.33. The company posted revenue of $475.00 million in the period, compared to analysts expectations of $476.28 million. The company’s revenue was down -7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Allison Transmission Holdings Inc. Allison Transmission Holdings Inc was Downgraded by Stifel to ” Hold” on Jun 14, 2016.

Allison Transmission Holdings Inc closed down -1.74 points or -5.72% at $28.67 with 51,98,982 shares getting traded on Thursday. Post opening the session at $28.64, the shares hit an intraday low of $27.81 and an intraday high of $29.31 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Feb 16, 2016, Dana Jh Pittard (VP, Defense Programs) purchased 100 shares at $21.52 per share price. According to the SEC, on Dec 2, 2015, Michael G. Headly (SVP, Global MSS) sold 17,492 shares at $28.01 per share price. On Jun 24, 2015, David L. Parish (Sr. VP, Ops and Purchasing) sold 304 shares at $30.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Allison Transmission Holdings Inc. designs and manufactures commercial and defense transmissions. The Company offers fully-automatic transmissions for medium-and heavy-duty commercial vehicles and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a variety 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 Company’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company has over 100 different models that are used in over 2500 different vehicle configurations and are compatible with more than 500 combinations of engine brands models and ratings including diesel gasoline natural gas and other alternative fuels.

Allison Transmission Holdings Inc

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