Analysts expect Allegion (NYSE:ALLE) to report earnings of $1.21 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Allegion’s earnings, with the lowest EPS estimate coming in at $1.18 and the highest estimate coming in at $1.23. Allegion reported earnings per share of $1.11 in the same quarter last year, which would suggest a positive year over year growth rate of 9%. The company is scheduled to report its next quarterly earnings report on Thursday, July 26th.
On average, analysts expect that Allegion will report full-year earnings of $4.48 per share for the current fiscal year, with EPS estimates ranging from $4.47 to $4.48. For the next financial year, analysts forecast that the firm will post earnings of $4.95 per share, with EPS estimates ranging from $4.76 to $5.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Allegion.
Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, April 26th. The scientific and technical instruments company reported $0.80 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.84 by ($0.04). Allegion had a return on equity of 102.62% and a net margin of 11.21%. The business had revenue of $613.10 million during the quarter, compared to analyst estimates of $605.47 million. During the same quarter last year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year.
A number of research firms recently commented on ALLE. ValuEngine lowered shares of Allegion from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. Zacks Investment Research lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, Berenberg Bank lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $94.60.
A number of institutional investors have recently bought and sold shares of ALLE. Tower Research Capital LLC TRC boosted its stake in shares of Allegion by 109.1% during the 4th 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 period. Macquarie Group Ltd. acquired a new stake in shares of Allegion during the 4th quarter valued at $111,000. Zeke Capital Advisors LLC acquired a new stake in shares of Allegion during the 4th quarter valued at $205,000. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Allegion in the 1st quarter valued at $205,000. Finally, FDx Advisors Inc. acquired a new stake in shares of Allegion in the 1st quarter valued at $209,000. 88.03% of the stock is owned by hedge funds and other institutional investors.
Allegion stock traded up $0.39 during midday trading on Friday, reaching $76.77. The stock had a trading volume of 5,527 shares, compared to its average volume of 662,897. Allegion has a twelve month low of $73.85 and a twelve month high of $89.81. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.17 and a current ratio of 1.78. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.35 and a beta of 1.05.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, June 14th. Allegion’s dividend payout ratio is 21.21%.
Allegion Company Profile
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.
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