Allegion (NYSE:ALLE – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 7.150-7.300 for the period, compared to the consensus EPS estimate of 7.110. The company issued revenue guidance of $3.7 billion-$3.8 billion, compared to the consensus revenue estimate of $3.7 billion. Allegion also updated its FY24 guidance to $7.15-7.30 EPS.
Allegion Trading Up 4.5 %
Allegion stock traded up $5.79 during mid-day trading on Thursday, hitting $133.65. The company’s stock had a trading volume of 622,377 shares, compared to its average volume of 697,732. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 4.00 and a beta of 1.13. The business has a 50 day moving average price of $119.86 and a 200-day moving average price of $125.08. Allegion has a 12 month low of $95.94 and a 12 month high of $136.91.
Allegion (NYSE:ALLE – Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.12. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The firm had revenue of $965.60 million for the quarter, compared to analysts’ expectations of $953.63 million. During the same quarter in the previous year, the company earned $1.76 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts forecast that Allegion will post 7.09 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Report on ALLE
Insider Buying and Selling at Allegion
In other Allegion news, SVP Tracy L. Kemp sold 2,194 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $121.98, for a total transaction of $267,624.12. Following the completion of the transaction, the senior vice president now 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 through the SEC website. Insiders own 0.33% of the company’s stock.
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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