Allegion (ALLE) Set to Announce Quarterly Earnings on Thursday

Allegion (NYSE:ALLE - Get Free Report) is set to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce 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.Investors interested in registering for the company's conference call can do so using this link.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $965.60 million during 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 business's revenue was up 5.8% compared to the same quarter last year. During the same period 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 Stock Performance

ALLE traded up $1.58 during trading on Thursday, reaching $152.51. 780,002 shares of the company were exchanged, compared to its average volume of 698,816. Allegion has a 52 week low of $95.94 and a 52 week high of $152.94. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a 50 day moving average of $139.64 and a 200 day moving average of $129.30. The stock has a market cap of $13.34 billion, a P/E ratio of 24.88, a PEG 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. Stockholders of record on Friday, September 20th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.26%. Allegion's dividend payout ratio (DPR) is presently 31.32%.

Analyst Ratings Changes

ALLE has been the subject of several research analyst reports. Barclays upped their price objective on shares of Allegion from $117.00 to $135.00 and gave the stock an "underweight" rating in a report on Wednesday, October 2nd. Mizuho increased their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a report on Thursday. Wells Fargo & Company boosted their target price on Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Finally, StockNews.com upgraded Allegion from a "hold" rating to a "buy" rating in a research report on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $133.80.

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.