Equities research analysts expect Allegion PLC (NYSE:ALLE) to report sales of $606.87 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Allegion’s earnings, with the highest sales estimate coming in at $612.20 million and the lowest estimate coming in at $598.20 million. Allegion reported sales of $548.80 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.6%. The business is expected to issue its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Allegion will report full-year sales of $606.87 million for the current fiscal year, with estimates ranging from $2.66 billion to $2.68 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $2.80 billion per share, with estimates ranging from $2.79 billion to $2.81 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Allegion.
Allegion (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.17. The firm had revenue of $623.00 million during the quarter, compared to the consensus estimate of $605.13 million. Allegion had a return on equity of 126.46% and a net margin of 11.35%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS.
Shares of Allegion (NYSE:ALLE) opened at $86.09 on Wednesday. The stock has a market capitalization of $8,319.21, a PE ratio of 30.21, a P/E/G ratio of 1.58 and a beta of 1.09. The company has a debt-to-equity ratio of 3.56, a current ratio of 2.24 and a quick ratio of 1.72. Allegion has a one year low of $73.93 and a one year high of $89.81.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.21 dividend. This is a positive change from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, March 14th. Allegion’s dividend payout ratio is presently 22.46%.
In other Allegion news, CFO Patrick S. Shannon sold 20,200 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $85.83, for a total value of $1,733,766.00. Following the transaction, the chief financial officer now directly owns 68,790 shares of the company’s stock, valued at approximately $5,904,245.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Douglas P. Ranck sold 10,480 shares of the company’s stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $84.64, for a total value of $887,027.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,594 shares of company stock worth $3,649,887. Insiders own 0.64% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC increased its position in Allegion by 109.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock worth $105,000 after purchasing an additional 692 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Allegion during the 4th quarter valued at about $111,000. Zions Bancorporation increased its holdings in shares of Allegion by 141.9% during the 3rd quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock valued at $137,000 after acquiring an additional 931 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in shares of Allegion during the 4th quarter valued at about $205,000. Finally, Pineno Levin & Ford Asset Management Inc. acquired a new position in shares of Allegion during the 4th quarter valued at about $210,000. 92.17% of the stock is currently owned by institutional investors.
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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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