Wall Street brokerages expect that Allegion PLC (NYSE:ALLE) will post earnings per share of $0.94 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Allegion’s earnings. The highest EPS estimate is $0.96 and the lowest is $0.93. Allegion reported earnings per share of $0.81 in the same quarter last year, which suggests a positive year over year growth rate of 16%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, February 8th.

On average, analysts expect that Allegion will report full-year earnings of $3.79 per share for the current year, with EPS estimates ranging from $3.78 to $3.80. For the next year, analysts forecast that the company will report earnings of $4.23 per share, with EPS estimates ranging from $4.16 to $4.34. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Allegion.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $1.02 EPS for the quarter, hitting analysts’ consensus estimates 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 return on equity of 154.50% and a net margin of 14.37%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share.

A number of research firms have commented on ALLE. Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Zacks Investment Research raised Allegion from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub raised Allegion from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Wells Fargo & Co reissued an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Allegion in a research note on Wednesday, October 18th. Finally, Robert W. Baird reissued a “hold” rating on shares of Allegion in a research note on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $89.75.

Several institutional investors and hedge funds have recently modified their holdings of ALLE. Principal Financial Group Inc. lifted its stake in shares of Allegion by 4.4% during the second quarter. Principal Financial Group Inc. now owns 161,214 shares of the scientific and technical instruments company’s stock valued at $13,078,000 after acquiring an additional 6,827 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Allegion by 27.2% during the second quarter. Ameriprise Financial Inc. now owns 155,312 shares of the scientific and technical instruments company’s stock valued at $12,600,000 after acquiring an additional 33,173 shares during the period. BlackRock Inc. lifted its stake in shares of Allegion by 14.3% during the second quarter. BlackRock Inc. now owns 5,955,519 shares of the scientific and technical instruments company’s stock valued at $483,111,000 after acquiring an additional 746,516 shares during the period. Thrivent Financial For Lutherans lifted its stake in shares of Allegion by 3.4% during the second quarter. Thrivent Financial For Lutherans now owns 3,621 shares of the scientific and technical instruments company’s stock valued at $294,000 after acquiring an additional 120 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Allegion during the second quarter valued at $668,000. 89.44% of the stock is currently owned by institutional investors and hedge funds.

Allegion (NYSE:ALLE) opened at $86.23 on Friday. 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 company has a market capitalization of $7,988.33, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08. Allegion has a one year low of $64.62 and a one year high of $89.81.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, December 15th. Allegion’s dividend payout ratio (DPR) is presently 18.18%.

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Allegion 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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