Revenue Update on Allison Transmission Holdings Inc(NYSE:ALSN)

Allison Transmission Holdings Inc(NYSE:ALSN) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $468.900M. Analysts estimated a revenue of $429.580M. The revenues were 9.15% above the estimates. Earnings per share were $0.36. The reported EPS was above estimates by 38.46%. Analysts had estimated an EPS of $0.26.

In a different note, On Jan 24, 2017, Citigroup said it Upgrades its rating on Allison Transmission Holdings Inc. The shares have been rated ‘Buy’ by the firm.

Allison Transmission Holdings Inc (ALSN) made into the market gainers list on Tuesdays trading session with the shares advancing 5.80% or 2.05 points. Due to strong positive momentum, the stock ended at $37.41, which is also near the day’s high of $37.82. The stock began the session at $37.2 and the volume stood at 38,28,860 shares. The 52-week high of the shares is $37.82 and the 52 week low is $20.56. The company has a current market capitalization of $6,187 M and it has 16,53,84,100 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 26, 2017, David S. Graziosi (President, CFO and Treasurer) sold 2,786 shares at $35.00 per share price.Also, On Jan 5, 2017, Randall R. Kirk (SVP, Prod Eng & Prod Teams) sold 5,867 shares at $33.75 per share price.On Dec 2, 2016, Sharon L. Dean (VP, Quality and Reliability) sold 5,022 shares at $32.92 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.

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