Wall Street brokerages expect Allegion (NYSE:ALLE) to announce earnings of $1.21 per share for the current quarter, Zacks Investment Research reports. Three analysts have made 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 during the same quarter last year, which indicates a positive year over year growth rate of 9%. The company is expected to announce its next earnings results on Thursday, July 26th.
According to Zacks, 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 year, analysts anticipate that the business will report earnings of $4.95 per share, with EPS estimates ranging from $4.76 to $5.19. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Allegion.
Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, April 26th. The scientific and technical instruments company reported $0.80 EPS for the quarter, missing the Zacks’ 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 analysts’ expectations of $605.47 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis.
A number of research analysts recently commented on the company. Zacks Investment Research cut Allegion from a “buy” rating to a “hold” rating in a report on Wednesday, April 25th. Berenberg Bank cut Allegion from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Wells Fargo reissued an “outperform” rating and issued a $105.00 price target (up from $100.00) on shares of Allegion in a report on Wednesday, February 21st. Imperial Capital reissued an “outperform” rating and issued a $94.00 price target (up from $85.00) on shares of Allegion in a report on Wednesday, February 21st. Finally, Barclays assumed coverage on Allegion in a report on Thursday, February 15th. They set an “overweight” rating and a $100.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $94.60.
NYSE ALLE opened at $78.78 on Friday. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.17 and a current ratio of 1.78. Allegion has a 12 month low of $73.85 and a 12 month high of $89.81. The company has a market capitalization of $7.44 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.36 and a beta of 1.07.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.84 annualized dividend and a dividend yield of 1.07%. Allegion’s dividend payout ratio (DPR) is 21.21%.
In other news, insider Douglas P. Ranck sold 10,480 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $84.64, for a total transaction of $887,027.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Chris E. Muhlenkamp sold 3,944 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $86.33, for a total value of $340,485.52. Following the transaction, the insider now directly owns 17,527 shares in the company, valued at approximately $1,513,105.91. The disclosure for this sale can be found here. Insiders have sold a total of 57,415 shares of company stock worth $4,924,641 over the last ninety days. Insiders own 0.75% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position 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 purchasing an additional 692 shares during the last quarter. Macquarie Group Ltd. bought a new position in shares of Allegion during the 4th quarter valued at approximately $111,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Allegion during the 1st quarter valued at approximately $205,000. FDx Advisors Inc. bought a new position in shares of Allegion during the 1st quarter valued at approximately $209,000. Finally, Claraphi Advisory Network LLC bought a new position in shares of Allegion during the 1st quarter valued at approximately $217,000. 87.87% of the stock is currently owned by hedge funds and other institutional investors.
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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