Allegion (ALLE) Scheduled to Post Earnings on Thursday

Allegion (NYSE:ALLE) will be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Allegion to post 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

Allegion (NYSE:ALLE) last posted its earnings results 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 net margin of 14.80% and a return on equity of 51.95%. The business had revenue of $897.40 million for the quarter, compared to analyst estimates of $904.17 million. During the same period last year, the business posted $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 Stock Performance

NYSE:ALLE opened at $126.97 on Wednesday. The firm has a market capitalization of $11.12 billion, a PE ratio of 20.75, a PEG ratio of 4.51 and a beta of 1.14. Allegion has a 1 year low of $95.94 and a 1 year high of $136.91. The firm’s fifty day simple moving average is $130.57 and its 200 day simple moving average is $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 firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.51%. Allegion’s payout ratio is currently 31.37%.

Wall Street Analyst Weigh In

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

Insider Activity at Allegion

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