Wall Street brokerages predict that Allegion PLC (NYSE:ALLE) will report earnings of $1.21 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Allegion’s earnings, with estimates ranging from $1.21 to $1.22. Allegion posted earnings of $1.02 per share in the same quarter last year, which suggests a positive year over year growth rate of 18.6%. The firm is expected to report its next quarterly earnings report on Thursday, October 25th.
According to Zacks, 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 fiscal year, analysts expect that the business will report earnings of $4.90 per share, with EPS estimates ranging from $4.72 to $5.04. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Allegion.
Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 26th. The scientific and technical instruments company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. Allegion had a return on equity of 91.38% and a net margin of 11.19%. The business had revenue of $704.70 million for the quarter, compared to analyst estimates of $697.96 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year.
ALLE has been the topic of several analyst reports. Zacks Investment Research raised 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 initiated coverage on 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 Allegion from a “sell” rating to a “hold” rating in a research note on Thursday, June 7th. Finally, Wells Fargo & Co cut their target price on Allegion from $100.00 to $96.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 17th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Allegion presently has a consensus rating of “Hold” and an average target price of $94.00.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Allegion by 5.0% in the first quarter. BlackRock Inc. now owns 6,420,934 shares of the scientific and technical instruments company’s stock valued at $547,641,000 after buying an additional 304,047 shares during the period. Standard Life Aberdeen plc increased its holdings in shares of Allegion by 3.7% in the second quarter. Standard Life Aberdeen plc now owns 2,280,914 shares of the scientific and technical instruments company’s stock worth $176,464,000 after acquiring an additional 80,338 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Allegion by 48.4% in the second quarter. Bessemer Group Inc. now owns 2,021,981 shares of the scientific and technical instruments company’s stock worth $156,420,000 after acquiring an additional 659,335 shares in the last quarter. Tesco Pension Investment Ltd increased its holdings in shares of Allegion by 428.5% in the second quarter. Tesco Pension Investment Ltd now owns 1,219,558 shares of the scientific and technical instruments company’s stock worth $94,345,000 after acquiring an additional 988,781 shares in the last quarter. Finally, Findlay Park Partners LLP increased its holdings in shares of Allegion by 48.4% in the first quarter. Findlay Park Partners LLP now owns 1,135,171 shares of the scientific and technical instruments company’s stock worth $96,819,000 after acquiring an additional 370,000 shares in the last quarter. 94.48% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:ALLE traded up $2.12 during mid-day trading on Friday, hitting $89.27. The company had a trading volume of 30,536 shares, compared to its average volume of 526,075. Allegion has a fifty-two week low of $73.85 and a fifty-two week high of $89.81. 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 firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 1.48 and a beta of 1.08.
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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