Allegion (ALLE) to Release Earnings on Tuesday

Allegion (NYSE:ALLEGet Rating) is set to release its earnings data before the market opens on Tuesday, April 26th. Analysts expect Allegion to post earnings of $1.04 per share for the quarter. Allegion has set its FY 2022 guidance at $5.550-$5.750 EPS and its FY22 guidance at $5.55-5.75 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Allegion (NYSE:ALLEGet Rating) last released its earnings results on Tuesday, February 15th. The scientific and technical instruments company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.11. Allegion had a net margin of 16.84% and a return on equity of 59.62%. The company had revenue of $709.20 million during the quarter, compared to the consensus estimate of $678.46 million. During the same quarter in the previous year, the firm earned $1.49 EPS. The company’s revenue was down 2.5% on a year-over-year basis. On average, analysts expect Allegion to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NYSE ALLE opened at $106.60 on Tuesday. Allegion has a one year low of $105.06 and a one year high of $148.70. The company has a 50-day simple moving average of $113.46 and a 200-day simple moving average of $123.31. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.23 and a current ratio of 1.86. The firm has a market capitalization of $9.41 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.12 and a beta of 1.13.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 16th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date is Wednesday, June 15th. Allegion’s payout ratio is 30.71%.

A number of analysts have recently weighed in on ALLE shares. Wells Fargo & Company reduced their price target on shares of Allegion from $157.00 to $147.00 and set an “overweight” rating for the company in a research note on Wednesday, February 16th. Mizuho reduced their price target on shares of Allegion from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Wednesday, February 16th. The Goldman Sachs Group dropped their target price on shares of Allegion from $153.00 to $137.00 and set a “buy” rating on the stock in a report on Thursday, April 7th. StockNews.com initiated coverage on shares of Allegion in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group dropped their target price on shares of Allegion from $142.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, February 16th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $143.70.

A number of hedge funds have recently bought and sold shares of ALLE. Morgan Stanley grew its position in Allegion by 282.3% in the second quarter. Morgan Stanley now owns 306,209 shares of the scientific and technical instruments company’s stock worth $42,655,000 after acquiring an additional 226,116 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Allegion during the 4th quarter worth $296,000. LPL Financial LLC boosted its holdings in shares of Allegion by 11.3% during the 4th quarter. LPL Financial LLC now owns 21,893 shares of the scientific and technical instruments company’s stock worth $2,900,000 after buying an additional 2,228 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Allegion by 35.9% during the 4th quarter. Cetera Investment Advisers now owns 3,957 shares of the scientific and technical instruments company’s stock worth $524,000 after buying an additional 1,046 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Allegion by 17.9% during the 4th quarter. MML Investors Services LLC now owns 6,086 shares of the scientific and technical instruments company’s stock worth $806,000 after buying an additional 924 shares during the period. 90.40% of the stock is owned by institutional investors.

About Allegion (Get Rating)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories.

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Earnings History for Allegion (NYSE:ALLE)

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