Allegion (NYSE:ALLE – Get Free Report) released its earnings results on Wednesday. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12, Briefing.com reports. The company had revenue of $965.60 million for the quarter, compared to the consensus estimate of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. Allegion’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.76 earnings per share. Allegion updated its FY 2024 guidance to 7.150-7.300 EPS and its FY24 guidance to $7.15-7.30 EPS.
Allegion Trading Up 3.9 %
Shares of ALLE stock opened at $132.88 on Friday. Allegion has a 12-month low of $95.94 and a 12-month high of $136.91. 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 stock’s 50-day moving average price is $120.01 and its 200-day moving average price is $125.14. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 3.94 and a beta of 1.13.
Insider Transactions at Allegion
In other Allegion news, SVP Tracy L. Kemp sold 2,194 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 11,103 shares of the company’s stock, valued at $1,354,343.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Analysis on ALLE
About Allegion
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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