Allegion (NYSE:ALLE) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 25th. Analysts expect Allegion to post earnings of $1.21 per share for the quarter. Allegion has set its FY18 guidance at $4.35-4.50 EPS.
Allegion (NYSE:ALLE) last released its earnings results on Thursday, July 26th. The scientific and technical instruments company reported $1.25 EPS for the quarter, topping the 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 firm had revenue of $704.70 million for the quarter, compared to the consensus estimate of $697.96 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. On average, analysts expect Allegion to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
ALLE stock opened at $84.17 on Thursday. Allegion has a one year low of $73.85 and a one year high of $92.87. 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 $8.60 billion, a PE ratio of 21.38, a P/E/G ratio of 1.54 and a beta of 1.07.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Monday, September 17th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Friday, September 14th. Allegion’s dividend payout ratio (DPR) is presently 21.21%.
In related news, insider Douglas P. Ranck sold 3,200 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $89.78, for a total transaction of $287,296.00. Following the sale, the insider now owns 10,348 shares of the company’s stock, valued at $929,043.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Allegion in a research note on Monday, August 20th. They set an “equal weight” rating and a $88.00 price target on the stock. Credit Suisse Group assumed coverage on shares of Allegion in a research note on Friday, October 12th. They set an “outperform” rating and a $96.00 price target on the stock. ValuEngine raised shares of Allegion from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Wells Fargo & Co decreased their price target 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. Finally, Zacks Investment Research downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, July 20th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $94.33.
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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