Allison Transmission (ALSN) Earns News Sentiment Score of 0.19
Headlines about Allison Transmission (NYSE:ALSN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allison Transmission earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the auto parts company an impact score of 46.7130573913004 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Allison Transmission Holdings Inc (ALSN) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Toyota Puts Decade-Long Plan for Electric Vehicles on Paper – Nasdaq (nasdaq.com)
- Comparing ASV (ASV) and Allison Transmission (ALSN) (americanbankingnews.com)
- Allison Transmission Holdings, Inc. (ALSN) Stock in the Investor Spotlight – Wall Street Morning (wallstreetmorning.com)
Several equities analysts recently commented on ALSN shares. Piper Jaffray Companies reissued an “underweight” rating and issued a $25.00 target price (down previously from $31.00) on shares of Allison Transmission in a report on Wednesday, August 30th. BidaskClub raised Allison Transmission from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. ValuEngine raised Allison Transmission from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup increased their target price on Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Finally, Zacks Investment Research lowered Allison Transmission from a “strong-buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.18.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.27. The company had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. Allison Transmission had a return on equity of 45.65% and a net margin of 16.34%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. research analysts forecast that Allison Transmission will post 2.49 EPS for the current fiscal year.
Allison Transmission declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Friday, November 17th. Allison Transmission’s payout ratio is 26.43%.
In related news, VP Eric C. Scroggins sold 7,500 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $39.51, for a total transaction of $296,325.00. Following the transaction, the vice president now owns 23,480 shares of the company’s stock, valued at $927,694.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total value of $1,461,798.72. Following the transaction, the chief financial officer now directly owns 233,387 shares in the company, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures 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 range 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).
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