[ad_1]
Wall Street brokers predict that Allegion PLC (NYSE: ALLE) will report earnings of $ 1.21 per share for the current fiscal quarter, according to Zacks. Allegion reported earnings of $ 1.11 per share in the same quarter last year, which indicates a positive growth rate of 9% from one year to the next. According to Zacks, badysts expect Allegion to report annual earnings of $ 4.49 per share for the current fiscal year, with earnings per share estimates for the year from the date of market opening. Analysts expect the company to post earnings of $ 4.96 per share in the next fiscal year, with earnings per share estimates ranging from $ 4.76 to $ 5. $ 19. According to a survey of sales-oriented research companies that follow Allegion
Allegion (NYSE: ALLE) published its quarterly financial results for the last time on Thursday, April 26. The company's scientific and technical instruments reported earnings per share of $ 0.80 for the quarter, except for the consensus estimate of $ 0.84 per ($ 0.04) . The company achieved a turnover of $ 613.10 million for the quarter, compared with $ 605.47 million for badysts. Allegion had a net margin of 11.21% and a return on equity of 102.62%. The quarterly business activity figure is up 11.7% over the same quarter of last year. In the same quarter of the previous year, the company generated earnings per share of $ 0.71.
Several equity research badysts have recently released reports on ALLE shares. Zacks Investment Research upgraded Allegion from a "hold" rating to a "buy" rating and set a target price of $ 89.00 for the company in a research note on Monday. Berenberg Bank lowered Allegion from a "buy" note to a "hold" note in a research note on Wednesday, May 2nd. ValuEngine elevated Allegion from a "sell" rating to a "hold" rating in a research note on Thursday, June 7th. Finally, Wells Fargo & Co lowered its price target on Allegion from $ 100.00 to $ 96.00 and set an "outperformance" rating for the company in a research note on Tuesday. An badyst rated the stock with a sales note, three issued a holdback rating and five issued a buy-to-action note from the company. The company currently has an average "Hold" rating and an average price target of $ 93.40.
Large investors recently bought and sold shares in the company. Deutsche Bank AG lifted its stake in Allegion shares by 47.3% in the fourth quarter. Deutsche Bank AG now holds 1,227,582 shares in the company's scientific and technical instruments worth $ 97,661,000 after purchasing 394,207 additional shares in the last quarter. Two Sigma Investments LP lifted its equity stake in Allegion by 88.2% in the fourth quarter. Two Sigma Investments LP now holds 52,914 shares in the scientific and technical instruments company worth $ 4,210,000 after acquiring 24,797 additional shares in the last quarter. Caisse DE DEPOSE ET Placements DU Quebec raised its stake in Allegion shares by 73.5% during the fourth quarter. Caisse DE Dépôt ET Placements DU Quebec now holds 5,900 shares in the $ 469,000 worth of scientific and technical instruments after acquiring 2,500 additional shares in the last quarter. MML Investors Services LLC purchased a new equity interest in Allegion during the fourth quarter valued at approximately $ 261,000. Finally, We Are One Seven LLC has bought a new equity stake in Allegion during the 4th quarter worth about $ 296,000. 88.04% of the capital is held by institutional investors and hedge funds.
NYSE ALLE rose $ 0.84 during the trading session on Tuesday, reaching $ 80.08. 516,200 shares were exchanged, compared with an average volume of 799,565. The stock has a market capitalization of $ 7.57 billion, a PE ratio of 20.22, a P / E / G ratio of 1.39 and a beta of 1.05. Allegion has a minimum of $ 73.85 over 12 months and a high of $ 89.81 over 12 months. The company has a debt ratio of 3.20, a ratio of 1.78 and a ratio of 1.17.
About Allegion
Allegion plc manufactures and sells mechanical and electronic safety products and solutions around the world. The company offers locks, locks, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; the time, presence and productivity systems of the workforce; doors and door frames;
Further Reading: Understanding the Recommendations of Analysts
Get a Free Copy of Zacks' Research Report on Allegion (ALLE)
For more information Zacks Investment Research research information, visit Zacks.com
Source link
