Allison Transmission Holdings In (NYSE: ALSN) has reported earnings for its second fiscal quarter (ending June 30) of $2.15 versus $1.94 for the same period a year ago — an increase of 11%. Relative to the consensus estimate of $2.01, this was a premium of $0.14. For the latest four quarters through June 30, E.P.S. were $7.72 compared to $6.77 a year ago — an increase of 14%.
Recent Price Action
Allison Transmission Holdings In (NYSE: ALSN) stock closed at $84.41 on 7/25/24 after a large increase of 2.2%. Moreover, above average trading volume at 134% of normal accompanied the advance. The stock has risen 1.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ALSN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Allison Transmission Holdings In has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Allison Transmission Holdings In has a good Appreciation Score of 83 and a very high Power Rating of 87, leading to the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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