Analysts expect Allegion PLC (NYSE:ALLE) to post sales of $609.65 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Allegion’s earnings, with estimates ranging from $609.00 million to $610.30 million. Allegion reported sales of $569.70 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 8th.
According to Zacks, analysts expect that Allegion will report full-year sales of $609.65 million for the current year, with estimates ranging from $2.39 billion to $2.40 billion. For the next year, analysts expect that the business will post sales of $2.54 billion per share. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Allegion.
Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.02. The company had revenue of $609.40 million during the quarter, compared to analysts’ expectations of $622.18 million. Allegion had a net margin of 14.37% and a return on equity of 154.50%. Allegion’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 earnings per share.
Shares of Allegion (NYSE ALLE) opened at $86.23 on Monday. The stock has a market cap of $8,195.53, a PE ratio of 24.50, a PEG ratio of 1.45 and a beta of 1.08. Allegion has a 52-week low of $64.62 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. Investors of record on Monday, December 18th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a 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%.
Hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. raised its stake in Allegion by 94.2% in the third quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock valued at $107,000 after purchasing an additional 600 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new position in Allegion in the third quarter valued at about $107,000. QS Investors LLC raised its stake in Allegion by 1.2% in the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock valued at $106,000 after purchasing an additional 16 shares in the last quarter. Zions Bancorporation raised its stake in Allegion by 141.9% in the third quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock valued at $137,000 after purchasing an additional 931 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Allegion in the third quarter valued at about $211,000. 89.38% of the stock is owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY WARNING: “$609.65 Million in Sales Expected for Allegion PLC (ALLE) This Quarter” was first published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/22/609-65-million-in-sales-expected-for-allegion-plc-alle-this-quarter-2.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.