Allegion (NYSE:ALLE) Releases FY 2021 Earnings Guidance

Allegion (NYSE:ALLE) updated its FY 2021 earnings guidance on Thursday. 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.

A number of research firms recently weighed in on ALLE. Barclays upgraded shares of Allegion from an underweight rating to an overweight rating and upped their target price for the stock from $107.00 to $150.00 in a research note on Tuesday, April 6th. Morgan Stanley upped their target price on shares of Allegion from $138.00 to $149.00 and gave the stock an equal weight rating in a research note on Monday, April 26th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $125.50.

Allegion stock traded down $4.91 during mid-day trading on Thursday, hitting $135.56. The company had a trading volume of 30,327 shares, compared to its average volume of 645,363. The stock has a market cap of $12.20 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 4.79 and a beta of 1.19. Allegion has a 1 year low of $94.01 and a 1 year high of $144.76. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.50 and a current ratio of 2.07. The business has a fifty day moving average of $138.56.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, July 22nd. 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. The company had revenue of $746.90 million for 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 firm’s revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 earnings per share. As a group, equities analysts expect that Allegion will post 5.2 EPS for the current year.

In other news, VP Timothy P. Eckersley sold 1,896 shares of the firm’s stock in a transaction that occurred on 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 $5,012,573.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO David D. Petratis sold 2,841 shares of the firm’s stock in a transaction that occurred on Wednesday, June 16th. The stock was sold at an average price of $138.70, for a total transaction of $394,046.70. The disclosure for this sale can be found here. Insiders sold 11,074 shares of company stock worth $1,547,399 over the last quarter. 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 and Estimates for Allegion (NYSE:ALLE)

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