Allegion (NYSE:ALLE – Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.15-7.30 for the period, compared to the consensus earnings per share estimate of $7.12. The company issued revenue guidance of +2.5-3.5% to ~$3.74-$3.78 billion, compared to the consensus revenue estimate of $3.75 billion. Allegion also updated its FY 2024 guidance to 7.150-7.300 EPS.
Allegion Stock Performance
Shares of Allegion stock opened at $136.83 on Friday. The company has a current ratio of 1.66, a quick ratio of 0.87 and a debt-to-equity ratio of 1.40. The business’s fifty day simple moving average is $120.26 and its 200 day simple moving average is $125.23. Allegion has a 12 month low of $95.94 and a 12 month high of $137.52. The firm has a market capitalization of $11.92 billion, a P/E ratio of 22.32, a price-to-earnings-growth ratio of 4.10 and a beta of 1.13.
Allegion (NYSE:ALLE – Get Free Report) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. During the same period last year, the business posted $1.76 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts anticipate that Allegion will post 7.22 EPS for the current year.
Analyst Ratings Changes
View Our Latest Analysis on Allegion
Insider Activity at Allegion
In related news, SVP Tracy L. Kemp sold 2,194 shares of Allegion stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total transaction of $267,624.12. Following the completion of the sale, the senior vice president now owns 11,103 shares of the company’s stock, valued at $1,354,343.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is owned by corporate 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.
Featured Articles
- Five stocks we like better than Allegion
- The Role Economic Reports Play in a Successful Investment Strategy
- MarketBeat Week in Review – 7/22 – 7/26
- The 3 Best Retail Stocks to Shop for in August
- 3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In
- What is a Dividend King?
- Skechers Stock Shows Strength Among Consumer Discretionary Sector
Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.