Equities analysts predict that Allegion PLC (NYSE:ALLE) will report earnings per share of $1.02 for the current quarter, according to Zacks. Three analysts have made estimates for Allegion PLC’s earnings. The highest EPS estimate is $1.03 and the lowest is $1.01. Allegion PLC posted earnings of $0.93 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9.7%. The business is expected to issue its next earnings results before the market opens on Thursday, October 26th.
According to Zacks, analysts expect that Allegion PLC will report full-year earnings of $3.82 per share for the current financial year, with EPS estimates ranging from $3.80 to $3.85. For the next fiscal year, analysts anticipate that the company will post earnings of $4.22 per share, with EPS estimates ranging from $4.08 to $4.38. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Allegion PLC.
Allegion PLC (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.11. The company had revenue of $627.00 million for the quarter, compared to analysts’ expectations of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. Allegion PLC’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.99 EPS.
A number of research firms recently issued reports on ALLE. Wells Fargo & Company reissued an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Allegion PLC in a report on Wednesday. BidaskClub downgraded shares of Allegion PLC from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Robert W. Baird reissued a “hold” rating on shares of Allegion PLC in a report on Tuesday, September 26th. Finally, Wolfe Research began coverage on shares of Allegion PLC in a report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $89.75.
In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.14, for a total transaction of $1,037,131.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.64% of the company’s stock.
A number of hedge funds have recently bought and sold shares of ALLE. BlackRock Inc. increased its position in Allegion PLC by 5,286.4% during the first quarter. BlackRock Inc. now owns 5,209,003 shares of the scientific and technical instruments company’s stock valued at $394,319,000 after acquiring an additional 5,112,297 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Allegion PLC by 1,505.9% during the second quarter. UBS Asset Management Americas Inc. now owns 1,397,478 shares of the scientific and technical instruments company’s stock valued at $113,363,000 after acquiring an additional 1,310,457 shares during the last quarter. Egerton Capital UK LLP bought a new position in Allegion PLC during the second quarter valued at $102,557,000. Alliancebernstein L.P. increased its position in Allegion PLC by 92.2% during the second quarter. Alliancebernstein L.P. now owns 1,645,398 shares of the scientific and technical instruments company’s stock valued at $133,475,000 after acquiring an additional 789,183 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its position in Allegion PLC by 44.8% during the second quarter. Artisan Partners Limited Partnership now owns 1,873,307 shares of the scientific and technical instruments company’s stock valued at $151,963,000 after acquiring an additional 579,517 shares during the last quarter. Institutional investors and hedge funds own 89.80% of the company’s stock.
Shares of Allegion PLC (NYSE:ALLE) opened at 88.02 on Friday. Allegion PLC has a 52 week low of $61.47 and a 52 week high of $89.81. The stock has a market capitalization of $8.36 billion, a PE ratio of 34.05 and a beta of 1.13. The company’s 50 day moving average is $84.82 and its 200-day moving average is $80.46.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Monday, September 18th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, September 15th. Allegion PLC’s dividend payout ratio (DPR) is 24.62%.
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Allegion PLC Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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