Allison Transmission Holdings (ALSN) has a market cap of $4.7 billion. It rose 0.28% to close at $28.50 per share on November 4, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.8%, -0.25%, and 12.0%, respectively, on the same day.
ALSN is trading 0.84% above its 20-day moving average, 1.8% above its 50-day moving average, and 5.7% above its 200-day moving average.
Related ETF and peers
The Guggenheim Mid-Cap Core ETF (CZA) invests 0.59% of its holdings in Allison Transmission. The ETF tracks the Zacks Mid-Cap Core Index, a proprietary selected portfolio of 100 midcap stocks that seeks to outperform pure market-cap indexes. The YTD price movement of CZA was 7.4% on November 4.
The market caps of Allison Transmission’s competitors are as follows:
ALSN declared dividend
Allison Transmission Holdings has declared a quarterly cash dividend of $0.15 per share on its common stock. The dividend will be paid on November 30, 2016, to shareholders of record at the close of business on November 14, 2016.
Performance of Allison Transmission in 3Q16
Allison Transmission (ALSN) reported 3Q16 net sales of $434.3 million, a fall of 11.9% compared to net sales of $493.0 million in 3Q15. The company’s gross profit margin fell 80 basis points and its operating margin rose 120 basis points in 3Q16 compared to 3Q15.
Its net income fell to $44.6 million in 3Q16 compared to $46.5 million in 3Q15. It reported EPS (earnings per share) of $0.27 in 3Q16 and 3Q15. It reported adjusted EBITDA[1. earnings before interest, tax, depreciation, and amortization] of $150.5 million in 3Q16, a fall of 13.6% compared to 3Q15.
ALSN’s cash and cash equivalents fell 34.5%, and its inventories rose 10.2% in 3Q16 compared to 4Q15. Its current ratio fell to 1.6x, and its debt-to-equity ratio rose to 2.8x in 3Q16 compared to 2.0x and 2.7x, respectively, in 4Q15. It reported adjusted free cash flow of $115.5 million in 3Q16, a fall of 21.8% compared to 3Q15.
Allison Transmission (ALSN) has made the following projections for fiscal 2016:
- net sales decrease: 8.5%–9.5%
- adjusted EBITDA margin:34.0%–35.0%
- adjusted free cash flow: $435 million–$455 million
- capital expenditures: $70 million–$75 million
- cash income tax: $10 million–$15 million
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