Wall Street analysts expect Allegion PLC (NYSE:ALLE) to report earnings of $0.84 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Allegion’s earnings. The lowest EPS estimate is $0.81 and the highest is $0.86. Allegion reported earnings of $0.73 per share in the same quarter last year, which suggests a positive year over year growth rate of 15.1%. The business is expected to issue its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Allegion will report full-year earnings of $4.50 per share for the current fiscal year, with EPS estimates ranging from $4.47 to $4.55. For the next financial year, analysts forecast that the firm will report earnings of $4.94 per share, with EPS estimates ranging from $4.76 to $5.19. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Allegion.
Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The business had revenue of $623.00 million during the quarter, compared to analysts’ expectations of $605.13 million. Allegion had a return on equity of 126.46% and a net margin of 11.35%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.81 earnings per share.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 price objective for the company in a research note on Thursday, February 22nd. Barclays reaffirmed an “overweight” rating and issued a $103.00 price objective (up previously from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $94.00 price objective (up previously from $85.00) on shares of Allegion in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Allegion presently has an average rating of “Buy” and a consensus target price of $95.83.
Allegion (NYSE ALLE) traded down $0.17 during midday trading on Monday, hitting $85.19. The stock had a trading volume of 61,352 shares, compared to its average volume of 784,206. The company has a market capitalization of $8,194.51, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. The company has a debt-to-equity ratio of 3.56, a quick ratio of 1.72 and a current ratio of 2.24. Allegion has a 1 year low of $73.93 and a 1 year high of $89.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a $0.21 dividend. This is a positive change from Allegion’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.99%. Allegion’s dividend payout ratio is 22.46%.
In related news, CFO Patrick S. Shannon sold 20,200 shares of the stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $85.83, for a total transaction of $1,733,766.00. Following the completion of the transaction, the chief financial officer now directly owns 68,790 shares of the company’s stock, valued at $5,904,245.70. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Tracy L. Kemp sold 14,821 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $86.01, for a total value of $1,274,754.21. Following the transaction, the vice president now directly owns 18,283 shares of the company’s stock, valued at $1,572,520.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,415 shares of company stock valued at $4,924,641. Corporate insiders own 0.64% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its stake in 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 valued at $105,000 after buying an additional 692 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Allegion in the 4th quarter valued at approximately $111,000. Zions Bancorporation lifted its stake in shares of Allegion by 141.9% in the 3rd quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock valued at $137,000 after purchasing an additional 931 shares during the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Allegion in the 4th quarter valued at approximately $205,000. Finally, Pineno Levin & Ford Asset Management Inc. bought a new stake in shares of Allegion in the 4th quarter valued at approximately $210,000. 92.17% of the stock is owned by institutional investors.
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Allegion 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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