Equities research analysts predict that Allegion PLC (NYSE:ALLE) will announce $1.21 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Allegion’s earnings, with the lowest EPS estimate coming in at $1.20 and the highest estimate coming in at $1.23. Allegion reported earnings per share of $1.11 in the same quarter last year, which would indicate a positive year over year growth rate of 9%. The company is expected to issue its next quarterly earnings results on Tuesday, February 19th.
On average, analysts expect that Allegion will report full year earnings of $4.49 per share for the current year, with EPS estimates ranging from $4.48 to $4.51. For the next financial year, analysts forecast that the firm will report earnings of $4.93 per share, with EPS estimates ranging from $4.88 to $4.96. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Allegion.
Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 25th. The scientific and technical instruments company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.02. Allegion had a return on equity of 85.03% and a net margin of 11.75%. The firm had revenue of $711.50 million for the quarter, compared to the consensus estimate of $699.07 million.
A number of analysts have recently commented on ALLE shares. Wells Fargo & Co boosted their price objective on Allegion from $96.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. ValuEngine raised Allegion from a “hold” rating to a “buy” rating in a research note on Tuesday, November 27th. Zacks Investment Research raised Allegion from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Monday, October 29th. Credit Suisse Group started coverage on Allegion in a research note on Friday, October 12th. They issued an “outperform” rating and a $96.00 price objective on the stock. Finally, Morgan Stanley started coverage on Allegion in a research note on Monday, August 20th. They issued an “equal weight” rating and a $88.00 price objective on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Allegion presently has a consensus rating of “Buy” and a consensus price target of $95.50.
Shares of ALLE traded down $1.07 during midday trading on Friday, reaching $88.67. The stock had a trading volume of 547,023 shares, compared to its average volume of 610,347. Allegion has a 52 week low of $73.85 and a 52 week high of $94.30. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.22 and a current ratio of 1.79. The company has a market capitalization of $8.53 billion, a PE ratio of 22.39, a P/E/G ratio of 1.56 and a beta of 1.06.
In other news, insider Douglas P. Ranck sold 3,200 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $89.78, for a total value of $287,296.00. Following the sale, the insider now owns 10,348 shares of the company’s stock, valued at approximately $929,043.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Allegion by 1.7% during the third quarter. Vanguard Group Inc. now owns 9,963,751 shares of the scientific and technical instruments company’s stock worth $902,417,000 after purchasing an additional 164,422 shares during the period. Morgan Stanley raised its position in shares of Allegion by 47.3% during the third quarter. Morgan Stanley now owns 634,683 shares of the scientific and technical instruments company’s stock worth $57,484,000 after purchasing an additional 203,903 shares during the period. Legal & General Group Plc raised its position in shares of Allegion by 2.8% during the third quarter. Legal & General Group Plc now owns 452,722 shares of the scientific and technical instruments company’s stock worth $41,003,000 after purchasing an additional 12,312 shares during the period. Rehmann Capital Advisory Group raised its position in shares of Allegion by 8,903.0% during the third quarter. Rehmann Capital Advisory Group now owns 15,125 shares of the scientific and technical instruments company’s stock worth $167,000 after purchasing an additional 14,957 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in shares of Allegion during the third quarter worth $83,058,000. 96.47% of the stock is currently owned by institutional investors.
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.
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