Wall Street brokerages forecast that Allegion PLC (NYSE:ALLE) will announce $609.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Allegion’s earnings, with the lowest sales estimate coming in at $609.00 million and the highest estimate coming in at $610.30 million. Allegion posted sales of $569.70 million during the same quarter last year, which suggests a positive year over year growth rate of 7%. The firm is expected to report its next earnings results on Thursday, February 8th.
On average, analysts expect that Allegion will report full-year sales of $609.65 million for the current financial year, with estimates ranging from $2.39 billion to $2.40 billion. For the next financial year, analysts expect that the business will report sales of $2.54 billion per share. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Allegion.
Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. The company had revenue of $609.40 million for the quarter, compared to analyst estimates of $622.18 million. Allegion had a net margin of 14.37% and a return on equity of 154.50%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share.
A number of large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its position in Allegion by 11.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 198,885 shares of the scientific and technical instruments company’s stock worth $17,198,000 after buying an additional 20,301 shares during the period. Visionary Asset Management Inc. bought a new position in Allegion during the 3rd quarter worth approximately $211,000. Wolverine Trading LLC bought a new position in Allegion during the 3rd quarter worth approximately $328,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Allegion by 30.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,427 shares of the scientific and technical instruments company’s stock worth $297,000 after purchasing an additional 808 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Allegion during the 3rd quarter worth approximately $221,000. Institutional investors and hedge funds own 89.37% of the company’s stock.
Shares of Allegion (NYSE:ALLE) traded up $1.12 on Friday, hitting $81.37. 1,211,600 shares of the stock traded hands, compared to its average volume of 991,433. The company has a market capitalization of $7,627.17, a price-to-earnings ratio of 23.12, a PEG ratio of 1.35 and a beta of 1.08. Allegion has a 52 week low of $63.81 and a 52 week high of $89.81. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a $0.16 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.79%. Allegion’s payout ratio is currently 18.18%.
ILLEGAL ACTIVITY WARNING: “$609.65 Million in Sales Expected for Allegion PLC (ALLE) This Quarter” was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/01/05/609-65-million-in-sales-expected-for-allegion-plc-alle-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.