Analysts Expect Allegion PLC (ALLE) Will Announce Earnings of $0.94 Per Share

Analysts expect Allegion PLC (NYSE:ALLE) to report $0.94 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Allegion’s earnings, with the highest EPS estimate coming in at $0.96 and the lowest estimate coming in at $0.93. Allegion reported earnings per share of $0.81 in the same quarter last year, which indicates a positive year over year growth rate of 16%. The company is scheduled to announce its next quarterly earnings results on Thursday, February 8th.

On average, analysts expect that Allegion will report full-year earnings of $3.79 per share for the current fiscal year, with EPS estimates ranging from $3.78 to $3.80. For the next fiscal year, analysts expect that the business will report earnings of $4.23 per share, with EPS estimates ranging from $4.16 to $4.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Allegion.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates of $1.02. Allegion had a net margin of 14.37% and a return on equity of 154.50%. The firm had revenue of $609.40 million during the quarter, compared to analyst estimates of $622.18 million. During the same period in the previous year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was up 4.9% on a year-over-year basis.

Several analysts recently issued reports on the stock. Wells Fargo & Co restated an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Zacks Investment Research lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. BidaskClub lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Robert W. Baird restated a “hold” rating on shares of Allegion in a research report on Tuesday, September 26th. Finally, Wolfe Research upgraded shares of Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $89.75.

Large investors have recently modified their holdings of the business. Whittier Trust Co. lifted its holdings in 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 valued at $107,000 after purchasing an additional 600 shares in the last quarter. Sentry Investment Management LLC lifted its holdings in Allegion by 12.4% during the second quarter. Sentry Investment Management LLC now owns 4,516 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 497 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Allegion by 141.3% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,745 shares of the scientific and technical instruments company’s stock valued at $11,997,000 after purchasing an additional 81,251 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Allegion by 92.2% during the second quarter. Alliancebernstein L.P. now owns 1,645,398 shares of the scientific and technical instruments company’s stock valued at $133,475,000 after purchasing an additional 789,183 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Allegion by 13.4% during the second quarter. Parametric Portfolio Associates LLC now owns 183,383 shares of the scientific and technical instruments company’s stock valued at $14,876,000 after purchasing an additional 21,699 shares in the last quarter. 89.37% of the stock is currently owned by institutional investors and hedge funds.

Shares of Allegion (NYSE ALLE) opened at $81.57 on Wednesday. Allegion has a 12 month low of $63.81 and a 12 month high of $89.81. The company has a market cap of $7,733.62, a P/E ratio of 23.17, a PEG ratio of 1.37 and a beta of 1.08. The company has a quick ratio of 1.54, a current ratio of 2.14 and a debt-to-equity ratio of 3.79.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Monday, December 18th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, December 15th. Allegion’s dividend payout ratio is currently 18.18%.

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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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