Analysts expect Allegion plc (NYSE:ALLE) to post $675.45 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Allegion’s earnings, with the highest sales estimate coming in at $679.90 million and the lowest estimate coming in at $671.00 million. Allegion reported sales of $589.50 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.6%. The business is expected to announce its next earnings results on Thursday, July 22nd.
On average, analysts expect that Allegion will report full year sales of $2.84 billion for the current fiscal year, with estimates ranging from $2.82 billion to $2.85 billion. For the next year, analysts anticipate that the company will report sales of $2.90 billion, with estimates ranging from $2.75 billion to $2.98 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Allegion.
Allegion (NYSE:ALLE) last announced its quarterly earnings results on Wednesday, April 21st. The scientific and technical instruments company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.02 by $0.18. The business had revenue of $694.30 million for the quarter, compared to analysts’ expectations of $649.38 million. Allegion had a net margin of 15.40% and a return on equity of 63.36%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS.
In related news, VP Timothy P. Eckersley sold 3,496 shares of the company’s stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $140.99, for a total transaction of $492,901.04. Following the transaction, the vice president now directly owns 37,535 shares in the company, valued at approximately $5,292,059.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy P. Eckersley sold 1,896 shares of the company’s stock in a transaction dated Tuesday, May 25th. The shares were sold at an average price of $139.49, for a total transaction of $264,473.04. Following the transaction, the vice president now owns 35,935 shares in the company, valued at $5,012,573.15. The disclosure for this sale can be found here. Corporate insiders own 0.46% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Logan Capital Management Inc. bought a new position in Allegion in the 1st quarter worth about $30,000. Freedman Financial Associates Inc. bought a new position in Allegion in the 4th quarter worth about $31,000. Childress Capital Advisors LLC bought a new position in Allegion in the 4th quarter worth about $31,000. Vantage Consulting Group Inc bought a new position in Allegion in the 4th quarter worth about $42,000. Finally, Maverick Capital Ltd. bought a new position in Allegion in the 1st quarter worth about $44,000. Institutional investors and hedge funds own 90.40% of the company’s stock.
ALLE stock traded up $0.52 during mid-day trading on Friday, hitting $138.61. The company had a trading volume of 15,645 shares, compared to its average volume of 713,074. The company has a market capitalization of $12.47 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 4.70 and a beta of 1.19. Allegion has a 12-month low of $94.01 and a 12-month high of $144.76. The company has a quick ratio of 1.50, a current ratio of 2.07 and a debt-to-equity ratio of 1.96. The firm’s 50-day moving average price is $136.11.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th will be issued a dividend of $0.36 per share. The ex-dividend date is Tuesday, June 15th. This represents a $1.44 annualized dividend and a yield of 1.04%. Allegion’s payout ratio is 28.18%.
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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