Allegion (NYSE:ALLE) Releases FY 2025 Earnings Guidance

Key Points

• Allegion has set its FY 2025 earnings per share (EPS) guidance between $8.100 and $8.200, slightly below the consensus estimate of $8.140.
• The company has provided revenue guidance of $4.0 billion to $4.1 billion, aligning with the consensus revenue estimate.
• In the latest earnings report, Allegion beat earnings estimates with $2.04 EPS, compared to the expected $2.00, and reported a revenue increase of 5.8% year-over-year.

Allegion (NYSE:ALLE - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 8.100-8.200 for the period, compared to the consensus estimate of 8.140. The company issued revenue guidance of $4.0 billion-$4.1 billion, compared to the consensus revenue estimate of $4.0 billion.

Allegion Price Performance

Shares of ALLE stock opened at $175.58 on Thursday. The company has a market capitalization of $15.07 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 3.88 and a beta of 1.07. The firm has a fifty day simple moving average of $173.93 and a 200-day simple moving average of $153.96. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. Allegion has a twelve month low of $116.57 and a twelve month high of $180.68.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 earnings per share. Equities research analysts anticipate that Allegion will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. Allegion's dividend payout ratio is 28.33%.

Wall Street Analyst Weigh In

ALLE has been the subject of several analyst reports. Zacks Research downgraded shares of Allegion from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 28th. Mizuho lifted their price target on Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Wells Fargo & Company lifted their price target on Allegion from $175.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Monday, October 6th. Bank of America upgraded Allegion from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $110.00 to $175.00 in a research note on Tuesday, July 29th. Finally, Morgan Stanley lifted their price target on Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Allegion presently has an average rating of "Hold" and a consensus price target of $176.13.

Insiders Place Their Bets

In other Allegion news, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the sale, the senior vice president directly owned 30,023 shares of the company's stock, valued at approximately $4,946,589.48. This represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the sale, the senior vice president directly owned 8,773 shares in the company, valued at $1,446,843.16. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

Institutional Trading of Allegion

A number of institutional investors and hedge funds have recently modified their holdings of the business. CYBER HORNET ETFs LLC acquired a new stake in shares of Allegion in the 2nd quarter worth about $33,000. MUFG Securities EMEA plc bought a new stake in shares of Allegion during the second quarter valued at approximately $37,000. Transamerica Financial Advisors LLC raised its holdings in shares of Allegion by 53,300.0% during the second quarter. Transamerica Financial Advisors LLC now owns 534 shares of the scientific and technical instruments company's stock valued at $77,000 after buying an additional 533 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Allegion during the second quarter valued at approximately $208,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Allegion by 44.2% during the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company's stock valued at $213,000 after buying an additional 499 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

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.

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