Analysts Expect Allegion PLC (ALLE) Will Announce Earnings of $1.02 Per Share
Wall Street analysts expect that Allegion PLC (NYSE:ALLE) will announce earnings per share (EPS) of $1.02 for the current quarter, according to Zacks. Three analysts have issued estimates for Allegion PLC’s earnings. The highest EPS estimate is $1.03 and the lowest is $1.01. Allegion PLC posted earnings of $0.93 per share during the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The company is expected to announce its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Allegion PLC will report full-year earnings of $3.76 per share for the current year, with EPS estimates ranging from $3.68 to $3.82. For the next financial year, analysts expect that the company will post earnings of $4.12 per share, with EPS estimates ranging from $4.05 to $4.26. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Allegion PLC.
Allegion PLC (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.11. The company had revenue of $627.00 million during the quarter, compared to the consensus estimate of $613.37 million. Allegion PLC had a net margin of 10.76% and a return on equity of 198.25%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 earnings per share.
Several analysts have weighed in on ALLE shares. BidaskClub raised shares of Allegion PLC from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Robert W. Baird set a $85.00 price target on shares of Allegion PLC and gave the stock a “hold” rating in a research note on Thursday, August 24th. Wolfe Research started coverage on shares of Allegion PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Finally, Zacks Investment Research raised shares of Allegion PLC from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Friday, June 30th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Allegion PLC currently has an average rating of “Buy” and a consensus price target of $86.00.
Allegion PLC (NYSE:ALLE) traded up 1.00% during mid-day trading on Thursday, reaching $82.63. The company had a trading volume of 631,242 shares. Allegion PLC has a 12-month low of $61.47 and a 12-month high of $82.90. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of 31.97 and a beta of 1.10. The firm has a 50-day moving average price of $79.76 and a 200 day moving average price of $78.27.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.77%. The ex-dividend date is Friday, September 15th. Allegion PLC’s dividend payout ratio is presently 24.62%.
In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $81.14, for a total value of $1,037,131.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.64% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Tredje AP fonden purchased a new position in shares of Allegion PLC in the second quarter valued at about $105,000. QS Investors LLC increased its position in shares of Allegion PLC by 1.2% in the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock valued at $106,000 after acquiring an additional 16 shares during the period. Acrospire Investment Management LLC increased its position in shares of Allegion PLC by 75.0% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $114,000 after acquiring an additional 600 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Allegion PLC by 210.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,414 shares of the scientific and technical instruments company’s stock valued at $107,000 after acquiring an additional 959 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Allegion PLC by 2.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,256 shares of the scientific and technical instruments company’s stock valued at $171,000 after acquiring an additional 59 shares during the period. Hedge funds and other institutional investors own 89.86% of the company’s stock.
About Allegion PLC
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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