$609.65 Million in Sales Expected for Allegion PLC (ALLE) This Quarter

Wall Street brokerages forecast that Allegion PLC (NYSE:ALLE) will announce $609.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Allegion’s earnings, with the lowest sales estimate coming in at $609.00 million and the highest estimate coming in at $610.30 million. Allegion posted sales of $569.70 million during the same quarter last year, which suggests a positive year over year growth rate of 7%. The firm is expected to report its next earnings results on Thursday, February 8th.

On average, analysts expect that Allegion will report full-year sales of $609.65 million for the current financial year, with estimates ranging from $2.39 billion to $2.40 billion. For the next financial year, analysts expect that the business will report sales of $2.54 billion per share. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Allegion.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. The company had revenue of $609.40 million for the quarter, compared to analyst estimates of $622.18 million. Allegion had a net margin of 14.37% and a return on equity of 154.50%. The company’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share.

A number of research firms recently commented on ALLE. Wolfe Research raised shares of Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Allegion from a “sell” rating to a “hold” rating in a research note on Wednesday, December 27th. BidaskClub upgraded shares of Allegion from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 price objective (up from $90.00) on shares of Allegion in a research note on Wednesday, October 18th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Allegion in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Allegion currently has a consensus rating of “Buy” and a consensus price target of $89.75.

A number of large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its position in Allegion by 11.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 198,885 shares of the scientific and technical instruments company’s stock worth $17,198,000 after buying an additional 20,301 shares during the period. Visionary Asset Management Inc. bought a new position in Allegion during the 3rd quarter worth approximately $211,000. Wolverine Trading LLC bought a new position in Allegion during the 3rd quarter worth approximately $328,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Allegion by 30.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,427 shares of the scientific and technical instruments company’s stock worth $297,000 after purchasing an additional 808 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Allegion during the 3rd quarter worth approximately $221,000. Institutional investors and hedge funds own 89.37% of the company’s stock.

Shares of Allegion (NYSE:ALLE) traded up $1.12 on Friday, hitting $81.37. 1,211,600 shares of the stock traded hands, compared to its average volume of 991,433. The company has a market capitalization of $7,627.17, a price-to-earnings ratio of 23.12, a PEG ratio of 1.35 and a beta of 1.08. Allegion has a 52 week low of $63.81 and a 52 week high of $89.81. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were paid a $0.16 dividend. The ex-dividend date was Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.79%. Allegion’s payout ratio is currently 18.18%.

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About Allegion

Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric 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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