Headlines about Allegion (NYSE:ALLE) have trended positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Allegion earned a daily sentiment score of 0.28 on Accern’s scale. Accern also assigned headlines about the scientific and technical instruments company an impact score of 46.9432181333948 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Analysts Offer Predictions for Allegion PLC’s Q1 2018 Earnings (ALLE) (americanbankingnews.com)
- First Week of April 20th Options Trading For Allegion (ALLE) (nasdaq.com)
- Zacks: Analysts Expect Allegion PLC (ALLE) to Announce $0.85 Earnings Per Share (americanbankingnews.com)
- Allegion (ALLE) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Home Depot delivers an earnings win as millennials buy homes and renovate (finance.yahoo.com)
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 target price for the company in a research note on Thursday. Barclays reaffirmed an “overweight” rating and set a $103.00 price target (up previously from $100.00) on shares of Allegion in a research report on Wednesday. Wells Fargo & Co reaffirmed an “outperform” rating and set a $105.00 price target (up previously from $100.00) on shares of Allegion in a research report on Wednesday. Imperial Capital reaffirmed an “outperform” rating and set a $94.00 price target (up previously from $85.00) on shares of Allegion in a research report on Wednesday. Finally, Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $95.83.
Allegion (NYSE:ALLE) traded up $0.17 on Friday, reaching $86.17. The company’s stock had a trading volume of 798,560 shares, compared to its average volume of 813,890. The company has a market cap of $8,190.00, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10. The company has a debt-to-equity ratio of 3.56, a current ratio of 2.24 and a quick ratio of 1.54. Allegion has a fifty-two week low of $72.45 and a fifty-two week high of $89.81.
Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.17. The business had revenue of $623.00 million during the quarter, compared to analyst estimates of $605.13 million. Allegion had a return on equity of 126.46% and a net margin of 11.35%. Allegion’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 EPS. analysts anticipate that Allegion will post 4.48 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.21 per share. This is a positive change from Allegion’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 0.97%. Allegion’s dividend payout ratio is presently 18.77%.
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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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