Allegion (ALLE) Set to Announce Quarterly Earnings on Thursday

Allegion (NYSE:ALLE) will be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect Allegion to post earnings of $1.93 per share for the quarter. Allegion has set its FY 2024 guidance at 7.150-7.300 EPS and its FY24 guidance at $7.15-7.30 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.12. The business had revenue of $965.60 million for the quarter, compared to analyst estimates of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.76 earnings per share. On average, analysts expect Allegion to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Allegion Trading Up 0.9 %

NYSE ALLE opened at $150.92 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. Allegion has a 52 week low of $95.94 and a 52 week high of $151.98. The business has a 50 day moving average price of $139.64 and a 200-day moving average price of $129.30. The company has a market cap of $13.20 billion, a price-to-earnings ratio of 24.62, a P/E/G ratio of 4.50 and a beta of 1.12.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a dividend of $0.48 per share. The ex-dividend date was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.27%. Allegion’s dividend payout ratio (DPR) is presently 31.32%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ALLE shares. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Barclays boosted their price objective on Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their target price on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $132.00.

About Allegion

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.