Allegion PLC (NYSE:ALLE) to Release Quarterly Earnings on Thursday
Allegion PLC (NYSE:ALLE) is set to issue its quarterly earnings data before the market opens on Thursday, July 27th. Analysts expect the company to announce earnings of $1.00 per share for the quarter. Allegion PLC has set its FY17 guidance at $3.55-3.70 EPS.
Allegion PLC (NYSE:ALLE) last issued its earnings results on Thursday, April 27th. The scientific and technical instruments company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Allegion PLC had a net margin of 10.50% and a return on equity of 234.79%. The firm had revenue of $548.80 million for the quarter, compared to analyst estimates of $536.97 million. During the same quarter last year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts expect Allegion PLC to post $3.73 EPS for the current fiscal year and $4.24 EPS for the next fiscal year.
Shares of Allegion PLC (ALLE) opened at 80.70 on Thursday. Allegion PLC has a 12 month low of $61.47 and a 12 month high of $82.90. The firm has a 50-day moving average of $80.39 and a 200-day moving average of $75.03. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 32.69 and a beta of 1.11.
ALLE has been the topic of a number of research reports. Zacks Investment Research raised shares of Allegion PLC from a “sell” rating to a “hold” rating in a report on Thursday, March 23rd. BidaskClub downgraded shares of Allegion PLC from a “buy” rating to a “hold” rating in a report on Sunday. Robert W. Baird downgraded shares of Allegion PLC from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $80.00 to $85.00 in a report on Friday, April 28th. Imperial Capital lifted their price target on shares of Allegion PLC from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Finally, Wolfe Research began coverage on shares of Allegion PLC in a report on Tuesday, July 11th. They set a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $86.00.
In other news, insider Todd V. Graves sold 1,858 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $79.19, for a total value of $147,135.02. Following the transaction, the insider now owns 12,084 shares of the company’s stock, valued at $956,931.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey M. Wood sold 4,071 shares of the business’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $79.87, for a total transaction of $325,150.77. Following the completion of the transaction, the insider now directly owns 1,938 shares in the company, valued at approximately $154,788.06. The disclosure for this sale can be found here. Insiders have sold 13,384 shares of company stock worth $1,064,660 in the last ninety days. Insiders own 0.64% of the company’s stock.
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Allegion PLC 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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