Allegion (NYSE:ALLE) Updates FY 2021 Earnings Guidance

Allegion (NYSE:ALLE) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.250-$5.400 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.240. The company issued revenue guidance of $2.91 billion-$2.92 billion, compared to the consensus revenue estimate of $2.86 billion.Allegion also updated its FY21 guidance to $5.25-5.40 EPS.

Several equities research analysts have recently issued reports on ALLE shares. Morgan Stanley lifted their price objective on shares of Allegion from $138.00 to $149.00 and gave the company an equal weight rating in a research report on Monday, April 26th. Barclays upgraded shares of Allegion from an underweight rating to an overweight rating and lifted their price objective for the company from $107.00 to $150.00 in a research report on Tuesday, April 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $125.50.

NYSE ALLE traded down $4.91 on Thursday, hitting $135.56. 30,327 shares of the stock were exchanged, compared to its average volume of 645,363. 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 business has a fifty day moving average price of $138.56. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 4.79 and a beta of 1.19. Allegion has a 52-week low of $94.01 and a 52-week high of $144.76.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 22nd. The scientific and technical instruments company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.03. 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%. The business’s revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, research analysts forecast that Allegion will post 5.2 earnings per share for the current year.

In other Allegion news, VP Timothy P. Eckersley sold 3,496 shares of the firm’s stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $140.99, for a total transaction of $492,901.04. Following the transaction, the vice president now owns 37,535 shares of the company’s stock, valued at approximately $5,292,059.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy P. Eckersley sold 1,896 shares of the firm’s stock in a transaction dated Tuesday, May 25th. The shares were sold at an average price of $139.49, for a total transaction of $264,473.04. Following the transaction, the vice president now directly owns 35,935 shares in the company, valued at approximately $5,012,573.15. The disclosure for this sale can be found here. Insiders have sold 11,074 shares of company stock valued at $1,547,399 over the last three months. Insiders own 0.67% of the company’s stock.

About Allegion

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 and Estimates for Allegion (NYSE:ALLE)

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