Allegion (NYSE:ALLE – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $7.35-7.45 for the period, compared to the consensus earnings per share estimate of $7.25. The company issued revenue guidance of +2.5-3.5% to ~$3.74-$3.78 billion, compared to the consensus revenue estimate of $3.77 billion. Allegion also updated its FY 2024 guidance to 7.350-7.450 EPS.
Allegion Stock Performance
Shares of NYSE:ALLE opened at $144.82 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. The firm has a 50 day moving average of $141.86 and a 200 day moving average of $130.00. Allegion has a 52 week low of $95.94 and a 52 week high of $156.10.
Allegion (NYSE:ALLE – Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share 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 firm had revenue of $965.60 million during the quarter, compared to analysts’ expectations of $953.63 million. During the same period in the prior year, the business posted $1.76 EPS. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that Allegion will post 7.26 earnings per share for the current fiscal year.
Allegion Announces Dividend
Analyst Upgrades and Downgrades
A number of research firms recently commented on ALLE. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Mizuho increased their price objective on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. 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 research note on Monday, October 7th. Finally, Barclays increased their price target on Allegion from $117.00 to $135.00 and gave the company an “underweight” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $142.25.
View Our Latest Analysis on ALLE
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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