Allegion (ALLE) to Release Quarterly Earnings on Thursday

Allegion (NYSE:ALLE) is set to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $1.50 per share for the quarter. Allegion has set its FY 2024 guidance at 7.000-7.150 EPS and its FY24 guidance at $7.00-7.15 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $897.40 million during the quarter, compared to analysts’ expectations of $904.17 million. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.60 EPS. On average, analysts expect Allegion to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Allegion Trading Up 0.2 %

Shares of Allegion stock opened at $125.42 on Tuesday. The stock has a market capitalization of $10.98 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 4.51 and a beta of 1.14. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. The company has a 50-day simple moving average of $130.63 and a 200 day simple moving average of $119.27. Allegion has a 12-month low of $95.94 and a 12-month high of $136.91.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, June 13th. Allegion’s dividend payout ratio (DPR) is currently 31.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ALLE shares. Barclays increased their price objective on shares of Allegion from $121.00 to $122.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. UBS Group increased their price objective on shares of Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Wells Fargo & Company lowered shares of Allegion from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $139.00 to $140.00 in a report on Wednesday, February 21st. Mizuho lowered shares of Allegion from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $140.00 to $141.00 in a report on Friday, February 23rd. Finally, StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.83.

Insider Activity

In other news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the transaction, the vice president now owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO John H. Stone purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the transaction, the chief executive officer now directly owns 104,248 shares of the company’s stock, valued at approximately $13,803,477.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy P. Eckersley sold 5,047 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $129.99, for a total transaction of $656,059.53. Following the completion of the sale, the vice president now owns 35,567 shares in the company, valued at $4,623,354.33. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Allegion Company Profile

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.