Allison Transmission (ALSN) Receives Media Sentiment Score of 0.20
Press coverage about Allison Transmission (NYSE:ALSN) has been trending somewhat positive on Thursday, Accern Sentiment reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allison Transmission earned a news impact score of 0.20 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 47.6954641845782 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Volume: A Tool to Project Future Performance – Allison Transmission Holdings Inc (NYSE: ALSN) – Alpha Beta Stock (alphabetastock.com)
- Monitoring a Technical Look at the facts Behind Allison Transmission Holdings, Inc. (ALSN) – Wall Street Morning (wallstreetmorning.com)
- Allison Transmission receives certification from California Air Resources Board for model year 2018 hybrid-electric … – PR Newswire (press release) (prnewswire.com)
- Allison Transmission (ALSN): An Off-the-Radar Potential Winner (finance.yahoo.com)
- Highly rated borrowers drive leveraged loan pricing lower (finance.yahoo.com)
A number of equities research analysts have weighed in on ALSN shares. Piper Jaffray Companies set a $26.00 price objective on shares of Allison Transmission and gave the stock a “sell” rating in a report on Friday, November 17th. Bank of America restated a “buy” rating on shares of Allison Transmission in a report on Thursday, November 23rd. Zacks Investment Research cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus set a $44.00 price objective on shares of Allison Transmission and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, William Blair restated a “buy” rating on shares of Allison Transmission in a report on Tuesday, February 13th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $43.82.
Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 10.71% and a return on equity of 40.63%. The firm had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $576.57 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. sell-side analysts forecast that Allison Transmission will post 3.44 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, February 16th. Allison Transmission’s payout ratio is 25.53%.
In other news, Director James A. Star sold 135,460 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $44.50, for a total transaction of $6,027,970.00. Following the sale, the director now owns 41,450 shares in the company, valued at $1,844,525. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Michael Dick sold 19,600 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total transaction of $832,412.00. Following the sale, the senior vice president now owns 39,131 shares in the company, valued at approximately $1,661,893.57. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,399,429 shares of company stock worth $149,485,666. Corporate 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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