Allegion plc (NYSE:ALLE) Expected to Announce Earnings of $1.34 Per Share

Analysts expect that Allegion plc (NYSE:ALLEGet Rating) will report earnings of $1.34 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Allegion’s earnings, with the lowest EPS estimate coming in at $1.30 and the highest estimate coming in at $1.37. Allegion posted earnings per share of $1.32 in the same quarter last year, which suggests a positive year over year growth rate of 1.5%. The firm is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that Allegion will report full year earnings of $5.67 per share for the current year, with EPS estimates ranging from $5.60 to $5.70. For the next fiscal year, analysts expect that the firm will post earnings of $6.42 per share, with EPS estimates ranging from $6.17 to $6.60. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Allegion.

Allegion (NYSE:ALLEGet Rating) last released its earnings results on Tuesday, April 26th. The scientific and technical instruments company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09. Allegion had a net margin of 16.15% and a return on equity of 57.54%. The company had revenue of $723.60 million for the quarter, compared to analysts’ expectations of $709.67 million. During the same quarter in the previous year, the company earned $1.20 EPS. Allegion’s revenue for the quarter was up 4.2% on a year-over-year basis.

Several analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Allegion in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Credit Suisse Group decreased their target price on shares of Allegion from $142.00 to $134.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 16th. The Goldman Sachs Group cut their price target 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. Barclays cut their price target on shares of Allegion from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday, April 4th. Finally, Wells Fargo & Company cut their price target on shares of Allegion from $157.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday, February 16th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Allegion has an average rating of “Buy” and an average target price of $142.40.

ALLE opened at $112.57 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.16 and a current ratio of 1.85. Allegion has a fifty-two week low of $105.06 and a fifty-two week high of $148.70. The firm’s fifty day moving average is $113.04 and its 200 day moving average is $121.68. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.03.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Thursday, June 16th will be given a dividend of $0.41 per share. The ex-dividend date is Wednesday, June 15th. This represents a $1.64 annualized dividend and a yield of 1.46%. Allegion’s dividend payout ratio is presently 31.48%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Allegion by 5.3% in the third quarter. BlackRock Inc. now owns 8,596,251 shares of the scientific and technical instruments company’s stock worth $1,136,251,000 after buying an additional 431,267 shares in the last quarter. State Street Corp grew its holdings in shares of Allegion by 7.6% in the fourth quarter. State Street Corp now owns 4,644,285 shares of the scientific and technical instruments company’s stock valued at $615,089,000 after purchasing an additional 327,677 shares in the last quarter. Pictet Asset Management SA grew its holdings in shares of Allegion by 7.1% in the fourth quarter. Pictet Asset Management SA now owns 3,387,485 shares of the scientific and technical instruments company’s stock valued at $448,639,000 after purchasing an additional 225,410 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Allegion by 2.8% in the third quarter. Alliancebernstein L.P. now owns 3,128,253 shares of the scientific and technical instruments company’s stock valued at $413,492,000 after purchasing an additional 85,069 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Allegion by 4.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,810,334 shares of the scientific and technical instruments company’s stock valued at $372,202,000 after purchasing an additional 128,448 shares in the last quarter. Institutional investors and hedge funds own 95.21% of the company’s stock.

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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