Allegion (NYSE:ALLE) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Allegion (NYSE:ALLE) announced its quarterly earnings data on Thursday. The scientific and technical instruments company reported $1.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.03, MarketWatch Earnings reports. The firm had revenue of $746.90 million during the quarter, compared to analyst estimates of $711.94 million. Allegion had a net margin of 15.40% and a return on equity of 63.36%. Allegion’s revenue was up 26.7% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. Allegion updated its FY 2021 guidance to $5.250-$5.400 EPS and its FY21 guidance to $5.25-5.40 EPS.

ALLE opened at $135.97 on Friday. Allegion has a 12-month low of $94.01 and a 12-month high of $144.76. The company has a quick ratio of 1.50, a current ratio of 2.07 and a debt-to-equity ratio of 1.96. The stock has a market cap of $12.23 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 4.76 and a beta of 1.19. The stock’s 50 day simple moving average is $138.49.

Several equities analysts recently commented on the stock. Barclays raised shares of Allegion from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $107.00 to $150.00 in a research report on Tuesday, April 6th. Morgan Stanley raised their price target on shares of Allegion from $138.00 to $149.00 and gave the stock an “equal weight” rating in a research report on Monday, April 26th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $125.50.

In other news, VP Timothy P. Eckersley sold 3,496 shares of the firm’s stock in a transaction that occurred on Friday, May 28th. The shares were sold at an average price of $140.99, for a total transaction of $492,901.04. Following the sale, the vice president now owns 37,535 shares of the company’s stock, valued at approximately $5,292,059.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David D. Petratis sold 2,841 shares of the firm’s stock in a transaction that occurred on Friday, June 25th. The stock was sold at an average price of $139.38, for a total transaction of $395,978.58. Following the sale, the chief executive officer now directly owns 146,405 shares in the company, valued at approximately $20,405,928.90. The disclosure for this sale can be found here. Insiders have sold a total of 11,074 shares of company stock valued at $1,547,399 over the last three months. 0.67% of the stock is currently owned by insiders.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric, and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

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Earnings History for Allegion (NYSE:ALLE)

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