Equities research analysts expect Allegion PLC (NYSE:ALLE) to report $1.21 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Allegion’s earnings. The highest EPS estimate is $1.22 and the lowest is $1.21. Allegion reported earnings per share of $1.02 during the same quarter last year, which suggests a positive year over year growth rate of 18.6%. The company is expected to announce its next quarterly earnings results on Thursday, October 25th.
On average, analysts expect that Allegion will report full year earnings of $4.47 per share for the current financial year, with EPS estimates ranging from $4.46 to $4.48. For the next financial year, analysts forecast that the business will report earnings of $4.90 per share, with EPS estimates ranging from $4.72 to $5.04. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Allegion.
Allegion (NYSE:ALLE) last announced its earnings results on Thursday, July 26th. The scientific and technical instruments company reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.05. Allegion had a net margin of 11.19% and a return on equity of 91.38%. The business had revenue of $704.70 million for the quarter, compared to the consensus estimate of $697.96 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis.
Several equities research analysts have recently weighed in on ALLE shares. Zacks Investment Research raised shares of Allegion from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Monday, July 16th. Morgan Stanley started coverage on shares of Allegion in a research note on Monday, August 20th. They issued an “equal weight” rating and a $88.00 target price on the stock. ValuEngine raised shares of Allegion from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th. Finally, Wells Fargo & Co reduced their target price on shares of Allegion from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Allegion has an average rating of “Hold” and an average price target of $94.00.
In other news, insider Douglas P. Ranck sold 3,200 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $89.78, for a total value of $287,296.00. Following the transaction, the insider now directly owns 10,348 shares in the company, valued at $929,043.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ALLE. FDx Advisors Inc. bought a new position in shares of Allegion in the first quarter worth about $209,000. Schwab Charles Investment Management Inc. grew its holdings in Allegion by 4.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 524,726 shares of the scientific and technical instruments company’s stock worth $44,754,000 after acquiring an additional 23,920 shares in the last quarter. US Bancorp DE grew its holdings in Allegion by 6.1% during the 1st quarter. US Bancorp DE now owns 45,018 shares of the scientific and technical instruments company’s stock worth $3,839,000 after acquiring an additional 2,594 shares in the last quarter. Tredje AP fonden grew its holdings in Allegion by 13.5% during the 1st quarter. Tredje AP fonden now owns 7,040 shares of the scientific and technical instruments company’s stock worth $600,000 after acquiring an additional 840 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in Allegion by 11.1% during the 1st quarter. Eagle Asset Management Inc. now owns 402,666 shares of the scientific and technical instruments company’s stock worth $34,343,000 after acquiring an additional 40,135 shares in the last quarter. Hedge funds and other institutional investors own 94.48% of the company’s stock.
Shares of ALLE traded up $1.07 during midday trading on Monday, hitting $88.89. The stock had a trading volume of 744,000 shares, compared to its average volume of 750,864. Allegion has a 1 year low of $73.85 and a 1 year high of $90.18. The company has a market cap of $8.53 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.53 and a beta of 1.08. The company has a current ratio of 1.80, a quick ratio of 1.24 and a debt-to-equity ratio of 2.80.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 17th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Friday, September 14th. Allegion’s payout ratio is presently 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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