Allegion (NYSE:ALLE – Get Free Report) issued its quarterly earnings results on Thursday. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18, Briefing.com reports. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The firm had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. During the same period last year, the company earned $1.94 EPS. Allegion’s quarterly revenue was up 5.4% compared to the same quarter last year. Allegion updated its FY 2024 guidance to 7.350-7.450 EPS and its FY24 guidance to $7.35-7.45 EPS.
Allegion Stock Down 1.4 %
Shares of NYSE:ALLE traded down $2.04 on Friday, reaching $143.23. The company had a trading volume of 508,866 shares, compared to its average volume of 706,846. Allegion has a 52-week low of $95.97 and a 52-week high of $156.10. The firm’s 50 day simple moving average is $142.11 and its 200-day simple moving average is $130.11. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $12.52 billion, a PE ratio of 23.58, a PEG ratio of 4.50 and a beta of 1.12.
Allegion Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.34%. Allegion’s dividend payout ratio is presently 31.32%.
Wall Street Analysts Forecast Growth
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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