Zacks: Analysts Anticipate Allegion PLC (ALLE) to Post $0.87 Earnings Per Share

Brokerages forecast that Allegion PLC (NYSE:ALLE) will report earnings of $0.87 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Allegion’s earnings, with estimates ranging from $0.85 to $0.88. Allegion reported earnings of $0.80 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.7%. The company is expected to report its next earnings results on Thursday, April 25th.

On average, analysts expect that Allegion will report full year earnings of $4.86 per share for the current year, with EPS estimates ranging from $4.82 to $4.90. For the next year, analysts expect that the firm will report earnings of $5.26 per share, with EPS estimates ranging from $5.18 to $5.39. Zacks’ EPS calculations are an average based on a survey of analysts that cover Allegion.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, February 19th. The scientific and technical instruments company reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.01. Allegion had a net margin of 15.92% and a return on equity of 77.42%. The business had revenue of $702.40 million for the quarter, compared to analyst estimates of $703.17 million. During the same quarter in the prior year, the business earned $1.11 EPS. Allegion’s quarterly revenue was up 12.7% on a year-over-year basis.



A number of research analysts have issued reports on ALLE shares. ValuEngine upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Morgan Stanley set a $92.00 target price on shares of Allegion and gave the stock a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research upgraded shares of Allegion from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, Goldman Sachs Group lowered shares of Allegion from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $98.00 to $92.00 in a research report on Wednesday, February 20th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $94.40.

In related news, VP Chris E. Muhlenkamp sold 618 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $91.56, for a total transaction of $56,584.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,793 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.53, for a total transaction of $252,850.29. The disclosure for this sale can be found here. Insiders have sold a total of 55,095 shares of company stock worth $4,858,047 in the last quarter. 0.75% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Allegion during the fourth quarter valued at $67,509,000. Teacher Retirement System of Texas increased its position in shares of Allegion by 1,335.2% during the fourth quarter. Teacher Retirement System of Texas now owns 160,485 shares of the scientific and technical instruments company’s stock worth $12,792,000 after buying an additional 149,303 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Allegion by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 524,977 shares of the scientific and technical instruments company’s stock worth $41,844,000 after buying an additional 41,509 shares during the period. Aurora Investment Counsel increased its position in shares of Allegion by 2.8% during the fourth quarter. Aurora Investment Counsel now owns 20,968 shares of the scientific and technical instruments company’s stock worth $1,671,000 after buying an additional 580 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Allegion by 3.5% during the fourth quarter. Nordea Investment Management AB now owns 949,353 shares of the scientific and technical instruments company’s stock worth $75,672,000 after buying an additional 32,289 shares during the period. Institutional investors and hedge funds own 94.02% of the company’s stock.

Shares of ALLE opened at $88.77 on Friday. Allegion has a 52 week low of $73.85 and a 52 week high of $94.30. The stock has a market capitalization of $8.39 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a current ratio of 1.79, a quick ratio of 1.25 and a debt-to-equity ratio of 2.16.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a dividend of $0.27 per share. This is a positive change from Allegion’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Allegion’s dividend payout ratio (DPR) is currently 18.67%.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile 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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Earnings History and Estimates for Allegion (NYSE:ALLE)

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