Allegion (ALLE) to Release Quarterly Earnings on Thursday

Allegion (NYSE:ALLE) will be announcing its earnings results 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 listening to the company’s conference call can do so using this link.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. The company had revenue of $897.40 million during the quarter, compared to the consensus estimate of $904.17 million. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.60 EPS. 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

ALLE opened at $125.42 on Tuesday. The company has a 50-day moving average of $130.63 and a 200-day moving average of $119.27. The company has a market capitalization of $10.98 billion, a P/E ratio of 20.49, 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 company has a debt-to-equity ratio of 1.22, a quick ratio of 0.85 and a current ratio of 1.26.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, June 13th. Allegion’s payout ratio is currently 31.37%.

Analysts Set New Price Targets

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

Insider Buying and Selling at Allegion

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