Allegion (ALLE) Expected to Announce Earnings on Thursday

Allegion (NYSE:ALLE) is anticipated to post its quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect Allegion to post earnings of $1.68 per share and revenue of $918.53 million for the quarter. Allegion has set its FY 2025 guidance at 7.650-7.850 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $938.91 million. On average, analysts expect Allegion to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Allegion Stock Down 1.3 %

ALLE stock opened at $125.20 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The company’s 50 day simple moving average is $127.55 and its 200-day simple moving average is $134.56. Allegion has a 12 month low of $113.27 and a 12 month high of $156.10. The firm has a market capitalization of $10.80 billion, a PE ratio of 18.36, a P/E/G ratio of 3.97 and a beta of 1.01.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, June 13th. Allegion’s payout ratio is currently 29.91%.

Insider Buying and Selling at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares in the company, valued at approximately $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares of the company’s stock, valued at $1,302,000.02. This represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock worth $406,636 in the last 90 days. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ALLE shares. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Barclays decreased their price target on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 26th. Robert W. Baird cut their price objective on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company decreased their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, Allegion presently has an average rating of “Hold” and a consensus target price of $138.80.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems 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, accessories, and other.