Allegion (ALLE) Scheduled to Post Quarterly Earnings on Thursday

Allegion (NYSE:ALLE) is set to issue its quarterly earnings data 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.Parties interested in participating in the company’s conference call can do so using this link.

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

Allegion Price Performance

Shares of ALLE stock opened at $126.97 on Wednesday. Allegion has a twelve month low of $95.94 and a twelve month high of $136.91. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 4.51 and a beta of 1.14. The stock has a fifty day simple moving average of $130.57 and a two-hundred day simple moving average of $119.44. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 1.22.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, June 13th. Allegion’s dividend payout ratio is 31.37%.

Analyst Ratings Changes

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

Insider Activity at Allegion

In related news, VP Timothy P. Eckersley sold 5,047 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $129.99, for a total transaction of $656,059.53. Following the transaction, the vice president now directly owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Timothy P. Eckersley sold 5,047 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $129.99, for a total value of $656,059.53. Following the transaction, the vice president now directly owns 35,567 shares of the company’s stock, valued at $4,623,354.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert C. Martens sold 5,391 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total value of $716,140.44. Following the completion of the transaction, the senior vice president now directly owns 7,555 shares in the company, valued at $1,003,606.20. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

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.