News coverage about Allison Transmission Holdings (NYSE:ALSN) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Allison Transmission Holdings earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the auto parts company an impact score of 46.598921050394 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of Allison Transmission Holdings (ALSN) traded up $0.73 during trading on Monday, hitting $39.68. The stock had a trading volume of 2,645,364 shares, compared to its average volume of 1,549,553. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50. The firm has a market capitalization of $5,520.00, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.56 and a beta of 1.24. Allison Transmission Holdings has a twelve month low of $32.06 and a twelve month high of $45.69.
Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.27. The business had revenue of $595.00 million during the quarter, compared to analyst estimates of $533.53 million. Allison Transmission Holdings had a return on equity of 45.65% and a net margin of 16.34%. The company’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. equities research analysts expect that Allison Transmission Holdings will post 2.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, November 17th. Allison Transmission Holdings’s dividend payout ratio (DPR) is presently 26.43%.
Allison Transmission Holdings announced that its Board of Directors has initiated a share repurchase program on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
A number of research analysts recently commented on the company. Piper Jaffray Companies set a $26.00 price objective on Allison Transmission Holdings and gave the stock a “sell” rating in a research note on Friday. Bank of America Corporation set a $52.00 price objective on Allison Transmission Holdings and gave the stock a “buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Friday, November 3rd. Royal Bank Of Canada restated a “buy” rating on shares of Allison Transmission Holdings in a research note on Thursday, November 2nd. Finally, Citigroup Inc. upped their price objective on Allison Transmission Holdings from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $44.18.
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In related news, SVP Randall R. Kirk sold 7,541 shares of the company’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total transaction of $258,430.07. Following the transaction, the senior vice president now directly owns 84,494 shares of the company’s stock, valued at $2,895,609.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David S. Graziosi sold 39,264 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were 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 $8,688,998.01. The disclosure for this sale can be found here. 7.90% of the stock is owned by insiders.
Allison Transmission Holdings 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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