Zacks: Analysts Anticipate Allegion PLC (ALLE) to Announce $1.02 Earnings Per Share
Wall Street analysts expect that Allegion PLC (NYSE:ALLE) will report earnings per share of $1.02 for the current quarter, Zacks reports. Three analysts have provided estimates for Allegion PLC’s earnings. The lowest EPS estimate is $1.01 and the highest is $1.03. Allegion PLC posted earnings of $0.93 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.7%. The business is expected to issue its next earnings report on Thursday, October 26th.
According to Zacks, 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 year, analysts forecast that the business will report earnings of $4.12 per share, with EPS estimates ranging from $4.05 to $4.26. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Allegion PLC.
Allegion PLC (NYSE:ALLE) last issued its quarterly earnings results on Thursday, July 27th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.11. Allegion PLC had a return on equity of 198.25% and a net margin of 10.76%. The business had revenue of $627 million for the quarter, compared to analyst estimates of $613.37 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year.
ALLE has been the topic of a number of research reports. Credit Suisse Group restated a “buy” rating and set a $89.00 price objective on shares of Allegion PLC in a research report on Friday, April 28th. Zacks Investment Research upgraded Allegion PLC from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Tuesday, June 13th. BidaskClub upgraded Allegion PLC from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, Wolfe Research initiated coverage on Allegion PLC in a research report on Tuesday, July 11th. They set a “market perform” rating on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $86.00.
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Shares of Allegion PLC (NYSE ALLE) traded down 0.76% during trading on Tuesday, hitting $81.37. The stock had a trading volume of 468,618 shares. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 31.48 and a beta of 1.10. Allegion PLC has a one year low of $61.47 and a one year high of $82.90. The stock has a 50 day moving average price of $81.02 and a 200-day moving average price of $76.16.
In other Allegion PLC news, insider Timothy P. Eckersley sold 12,782 shares of Allegion PLC stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $81.14, for a total transaction of $1,037,131.48. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Todd V. Graves sold 1,858 shares of Allegion PLC stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $79.19, for a total value of $147,135.02. Following the transaction, the insider now directly owns 12,084 shares in the company, valued at $956,931.96. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 buying an additional 959 shares during the last quarter. First Manhattan Co. increased its position in shares of Allegion PLC by 51.3% in the first quarter. First Manhattan Co. now owns 2,212 shares of the scientific and technical instruments company’s stock valued at $152,000 after buying an additional 750 shares during the last quarter. Creative Planning increased its position in shares of Allegion PLC by 10.9% in the first quarter. Creative Planning now owns 2,080 shares of the scientific and technical instruments company’s stock valued at $157,000 after buying an additional 205 shares during the last quarter. 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 buying an additional 59 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Allegion PLC during the first quarter valued at approximately $174,000. 92.88% of the stock is currently owned by hedge funds and other institutional investors.
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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