Allegion PLC to Post FY2020 Earnings of $5.50 Per Share, Imperial Capital Forecasts (ALLE)

Allegion PLC (NYSE:ALLE) – Stock analysts at Imperial Capital issued their FY2020 earnings per share estimates for shares of Allegion in a research note issued on Wednesday. Imperial Capital analyst J. Kessler forecasts that the scientific and technical instruments company will earn $5.50 per share for the year. Imperial Capital has a “Outperform” rating and a $94.00 price target on the stock.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $605.13 million. Allegion had a net margin of 11.35% and a return on equity of 143.13%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 earnings per share.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 target price for the company in a research report on Thursday. Barclays restated an “overweight” rating and set a $103.00 target price (up previously from $100.00) on shares of Allegion in a research report on Wednesday. Wells Fargo & Co restated an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Allegion in a research report on Wednesday. Wolfe Research upgraded shares of Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Finally, BidaskClub downgraded shares of Allegion from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $95.83.

Shares of Allegion (NYSE ALLE) traded down $0.58 on Thursday, reaching $86.14. 842,913 shares of the company’s stock were exchanged, compared to its average volume of 816,306. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79. The firm has a market capitalization of $8,153.58, a PE ratio of 30.43, a P/E/G ratio of 1.36 and a beta of 1.10. Allegion has a one year low of $72.45 and a one year high of $89.81.

Several hedge funds and other institutional investors have recently modified their holdings of ALLE. Tower Research Capital LLC TRC grew its holdings in shares of Allegion by 109.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock worth $105,000 after buying an additional 692 shares in the last quarter. QS Investors LLC grew its holdings in shares of Allegion by 1.2% during the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after buying an additional 16 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Allegion by 94.2% during the third quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after buying an additional 600 shares in the last quarter. YorkBridge Wealth Partners LLC purchased a new stake in shares of Allegion during the third quarter worth about $107,000. Finally, Macquarie Group Ltd. purchased a new stake in shares of Allegion during the fourth quarter worth about $111,000. Institutional investors and hedge funds own 89.78% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.98%. Allegion’s payout ratio is 22.46%.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/22/allegion-plc-to-post-fy2020-earnings-of-5-50-per-share-imperial-capital-forecasts-alle.html.

About Allegion

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.

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

Leave a Reply