Allegion (NYSE:ALLE) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Allegion to post earnings of $0.87 per share for the quarter. Allegion has set its FY 2019 guidance at $4.75-4.90 EPS and its FY19 guidance at $4.75-4.90 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 19th. The scientific and technical instruments company reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.01. Allegion had a return on equity of 77.42% and a net margin of 15.92%. The company had revenue of $702.40 million during the quarter, compared to the consensus estimate of $703.17 million. During the same period last year, the company earned $1.11 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Allegion to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of ALLE opened at $95.99 on Wednesday. Allegion has a 1 year low of $73.85 and a 1 year high of $96.57. The company has a quick ratio of 1.25, a current ratio of 1.79 and a debt-to-equity ratio of 2.16. The stock has a market cap of $8.87 billion, a PE ratio of 21.33, a P/E/G ratio of 2.74 and a beta of 1.18.
In related news, insider Patrick S. Shannon sold 34,898 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $87.44, for a total transaction of $3,051,481.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chris E. Muhlenkamp sold 12,034 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $88.96, for a total value of $1,070,544.64. Following the sale, the vice president now directly owns 27,289 shares of the company’s stock, valued at approximately $2,427,629.44. The disclosure for this sale can be found here. Insiders have sold 67,129 shares of company stock valued at $5,928,592 in the last ninety days. 0.75% of the stock is currently owned by insiders.
ALLE has been the subject of a number of analyst reports. ValuEngine upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Morgan Stanley set a $92.00 price objective on Allegion and gave the stock a “hold” rating in a research report on Wednesday, February 20th. Finally, Goldman Sachs Group downgraded Allegion from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $98.00 to $92.00 in a research report on Wednesday, February 20th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $94.40.
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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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