Analysts expect Allegion PLC (NYSE:ALLE) to report $609.65 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Allegion PLC’s earnings, with the lowest sales estimate coming in at $609.00 million and the highest estimate coming in at $610.30 million. Allegion PLC reported sales of $569.70 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Allegion PLC will report full year sales of $609.65 million for the current fiscal year, with estimates ranging from $2.39 billion to $2.40 billion. For the next fiscal year, analysts anticipate that the company will report sales of $2.54 billion per share. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Allegion PLC.

Allegion PLC (NYSE:ALLE) last released its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.02. The business had revenue of $609.40 million during the quarter, compared to analyst estimates of $622.18 million. Allegion PLC had a net margin of 14.37% and a return on equity of 154.50%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS.

A number of equities research analysts recently weighed in on ALLE shares. BidaskClub lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Robert W. Baird set a $85.00 price target on shares of Allegion PLC and gave the company a “hold” rating in a report on Thursday, August 24th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $100.00 price target (up from $90.00) on shares of Allegion PLC in a report on Wednesday, October 18th. Wolfe Research raised shares of Allegion PLC from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of Allegion PLC from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $89.75.

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Hedge funds have recently made changes to their positions in the business. Whittier Trust Co. grew its holdings in Allegion PLC by 94.2% during the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after acquiring an additional 600 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in Allegion PLC during the 3rd quarter worth $107,000. Tredje AP fonden acquired a new position in Allegion PLC during the 2nd quarter worth $105,000. QS Investors LLC grew its holdings in Allegion PLC by 1.2% during the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after acquiring an additional 16 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in Allegion PLC by 75.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock worth $114,000 after acquiring an additional 600 shares in the last quarter. 89.68% of the stock is owned by institutional investors.

Allegion PLC (NYSE:ALLE) traded up $1.05 on Monday, reaching $83.13. 565,100 shares of the company were exchanged, compared to its average volume of 693,768. The firm has a market cap of $7,900.90, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.56 and a beta of 1.10. Allegion PLC has a 1-year low of $63.71 and a 1-year high of $89.81. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.54 and a current ratio of 2.14.

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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