Brokerages Expect Allegion PLC (ALLE) to Announce $1.02 EPS

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%.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/10/22/brokerages-expect-allegion-plc-alle-to-announce-1-02-eps.html.

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.

Get a free copy of the Zacks research report on Allegion PLC (ALLE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply