Analysts forecast that Allegion PLC (NYSE:ALLE) will post sales of $651.60 million for the current quarter, Zacks reports. Three analysts have issued estimates for Allegion’s earnings. The highest sales estimate is $659.20 million and the lowest is $643.60 million. Allegion posted sales of $613.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, April 25th.

According to Zacks, analysts expect that Allegion will report full-year sales of $2.88 billion for the current financial year, with estimates ranging from $2.87 billion to $2.90 billion. For the next financial year, analysts anticipate that the business will post sales of $3.01 billion, with estimates ranging from $2.96 billion to $3.04 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Allegion.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 19th. The scientific and technical instruments company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.01. The company had revenue of $702.40 million for the quarter, compared to the consensus estimate of $703.17 million. Allegion had a return on equity of 77.42% and a net margin of 15.92%. Allegion’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share.

Several research firms have recently weighed in on ALLE. Zacks Investment Research downgraded Allegion from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Morgan Stanley set a $92.00 target price on Allegion and gave the company a “hold” rating in a research report on Wednesday, February 20th. Goldman Sachs Group downgraded Allegion from a “buy” rating to a “neutral” rating and decreased their target price for the company from $98.00 to $92.00 in a research report on Wednesday, February 20th. Finally, ValuEngine downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Tuesday, February 19th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Allegion presently has a consensus rating of “Hold” and an average target price of $94.40.

Shares of NYSE ALLE traded up $0.44 during midday trading on Thursday, hitting $93.77. The stock had a trading volume of 442,966 shares, compared to its average volume of 703,122. The company has a market cap of $8.80 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 2.73 and a beta of 1.18. Allegion has a 1 year low of $73.85 and a 1 year high of $95.27. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.79 and a quick ratio of 1.25.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.27 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.15%. Allegion’s dividend payout ratio is presently 24.00%.

In related news, SVP Tracy L. Kemp sold 2,793 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.53, for a total value of $252,850.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Patrick S. Shannon sold 34,898 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $87.44, for a total value of $3,051,481.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,129 shares of company stock valued at $5,928,592. Insiders own 0.75% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc increased its holdings in shares of Allegion by 1.7% in the third quarter. Vanguard Group Inc now owns 9,963,751 shares of the scientific and technical instruments company’s stock valued at $902,417,000 after purchasing an additional 164,422 shares during the last quarter. BlackRock Inc. increased its stake in Allegion by 14.3% during the fourth quarter. BlackRock Inc. now owns 6,900,253 shares of the scientific and technical instruments company’s stock worth $550,018,000 after acquiring an additional 861,515 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in Allegion by 43.8% during the third quarter. Brown Brothers Harriman & Co. now owns 2,413,198 shares of the scientific and technical instruments company’s stock worth $218,563,000 after acquiring an additional 734,596 shares during the last quarter. AKO Capital LLP increased its stake in Allegion by 31.6% during the fourth quarter. AKO Capital LLP now owns 1,455,574 shares of the scientific and technical instruments company’s stock worth $116,024,000 after acquiring an additional 349,663 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in Allegion by 0.6% during the fourth quarter. Deutsche Bank AG now owns 1,356,392 shares of the scientific and technical instruments company’s stock worth $108,113,000 after acquiring an additional 7,885 shares during the last quarter. 95.56% of the stock is owned by hedge funds and other institutional investors.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile 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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Earnings History and Estimates for Allegion (NYSE:ALLE)

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