Allegion (NYSE:ALLE – Get Free Report) posted its quarterly earnings data on Wednesday. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12, Briefing.com reports. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The business had revenue of $965.60 million during the quarter, compared to analysts’ expectations of $953.63 million. During the same period last year, the firm posted $1.76 earnings per share. The business’s revenue was up 5.8% on a year-over-year basis. Allegion updated its FY 2024 guidance to 7.150-7.300 EPS and its FY24 guidance to $7.15-7.30 EPS.
Allegion Stock Up 2.6 %
NYSE:ALLE traded up $3.52 during trading hours on Friday, hitting $136.40. 382,168 shares of the company’s stock traded hands, compared to its average volume of 700,348. Allegion has a twelve month low of $95.94 and a twelve month high of $136.91. The firm has a market cap of $11.93 billion, a P/E ratio of 21.68, a P/E/G ratio of 3.94 and a beta of 1.13. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 1.66. The stock’s fifty day moving average price is $120.01 and its two-hundred day moving average price is $125.14.
Insider Buying and Selling at Allegion
In related news, SVP Tracy L. Kemp sold 2,194 shares of the business’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 transaction, the senior vice president now directly 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 accessible through the SEC website. Company insiders own 0.33% of the company’s stock.
Analyst Ratings Changes
About Allegion
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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