Media stories about Allison Transmission Holdings (NYSE:ALSN) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Allison Transmission Holdings earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 45.2307975656641 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Margins And Returns Analysis Starks by Oclaro, Inc. (OCLR) with Allison Transmission Holdings, Inc. (ALSN) – Investing News Update (investingbizz.com)
- Copart (CPRT) Q4 Earnings & Revenues Beat Estimates, Up Y/Y (finance.yahoo.com)
- Allison Transmission Holdings, Inc. (NYSE:ALSN) – Simple Moving Averages to Consider – The Investor Guide (wallstreetnews24.com)
- Daimler Delivers Light, Electric Trucks, Adds UPS as Client (finance.yahoo.com)
- Allison Transmission Holdings, Inc. : ALSN-US: Dividend Analysis : August 21st, 2017 (record date) : By the numbers : September 18, 2017 (finance.yahoo.com)
ALSN has been the topic of several analyst reports. Piper Jaffray Companies reiterated an “underweight” rating and set a $25.00 price target (down from $31.00) on shares of Allison Transmission Holdings in a research report on Wednesday, August 30th. BidaskClub cut Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Deutsche Bank AG cut Allison Transmission Holdings from a “hold” rating to a “sell” rating and decreased their price target for the company from $43.00 to $33.00 in a research report on Tuesday, September 5th. ValuEngine upgraded Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $40.00 price target on shares of Allison Transmission Holdings in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Allison Transmission Holdings currently has a consensus rating of “Hold” and an average target price of $39.20.
Allison Transmission Holdings (NYSE:ALSN) opened at 35.36 on Thursday. The company has a market capitalization of $5.26 billion, a PE ratio of 20.08 and a beta of 1.22. The company has a 50 day moving average of $35.66 and a 200 day moving average of $36.75. Allison Transmission Holdings has a 52-week low of $27.03 and a 52-week high of $40.25.
Allison Transmission Holdings (NYSE:ALSN) last released its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a return on equity of 31.27% and a net margin of 14.32%. The business had revenue of $580.00 million for the quarter, compared to the consensus estimate of $515.03 million. During the same quarter in the previous year, the company posted $0.37 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts forecast that Allison Transmission Holdings will post $2.11 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 21st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date was Thursday, August 17th. Allison Transmission Holdings’s payout ratio is 33.71%.
In other Allison Transmission Holdings news, CFO David S. Graziosi sold 10,736 shares of Allison Transmission Holdings stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $39.91, for a total value of $428,473.76. Following the sale, the chief financial officer now owns 204,859 shares of the company’s stock, valued at approximately $8,175,922.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Randall R. Kirk sold 7,541 shares of Allison Transmission Holdings stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total value of $258,430.07. Following the completion of the sale, the senior vice president now directly owns 84,494 shares in the company, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,561 shares of company stock worth $962,093. Corporate insiders own 7.90% of the company’s stock.
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About Allison Transmission Holdings
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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