Analysts forecast that Allegion PLC (NYSE:ALLE) will report $0.94 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for Allegion’s earnings, with the lowest EPS estimate coming in at $0.93 and the highest estimate coming in at $0.96. Allegion posted earnings of $0.81 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 16%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Allegion will report full year earnings of $3.79 per share for the current year, with EPS estimates ranging from $3.78 to $3.80. For the next fiscal year, analysts forecast that the firm will post earnings of $4.23 per share, with EPS estimates ranging from $4.16 to $4.34. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Allegion.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.02. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The firm had revenue of $609.40 million for the quarter, compared to analysts’ expectations of $622.18 million. During the same quarter last year, the business posted $0.93 EPS. Allegion’s revenue was up 4.9% on a year-over-year basis.

A number of equities research analysts have commented on the company. Robert W. Baird restated a “hold” rating on shares of Allegion in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub lowered Allegion from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 18th. Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 price target (up from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Finally, Wolfe Research upgraded Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Allegion presently has an average rating of “Buy” and an average price target of $89.75.

Shares of Allegion (NYSE:ALLE) traded up $0.35 during midday trading on Wednesday, reaching $79.91. The company’s stock had a trading volume of 645,400 shares, compared to its average volume of 654,100. Allegion has a 12-month low of $63.81 and a 12-month high of $89.81. The firm has a market cap of $7,561.59, a price-to-earnings ratio of 22.70, a PEG ratio of 1.33 and a beta of 1.08. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, December 15th. Allegion’s payout ratio is 18.18%.

Several hedge funds have recently modified their holdings of the stock. Parametric Portfolio Associates LLC raised its stake in shares of Allegion by 11.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 198,885 shares of the scientific and technical instruments company’s stock valued at $17,198,000 after acquiring an additional 20,301 shares in the last quarter. Visionary Asset Management Inc. bought a new position in shares of Allegion in the 3rd quarter valued at approximately $211,000. Wolverine Trading LLC bought a new position in shares of Allegion in the 3rd quarter valued at approximately $328,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Allegion by 30.9% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,427 shares of the scientific and technical instruments company’s stock valued at $297,000 after acquiring an additional 808 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Allegion in the 3rd quarter valued at approximately $221,000. 89.37% of the stock is currently owned by institutional investors and hedge funds.

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About Allegion

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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