Allegion PLC (NYSE:ALLE) issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, hitting the consensus estimate of $1.02, MarketWatch Earnings reports. The business had revenue of $609.40 million during the quarter, compared to the consensus estimate of $622.18 million. Allegion PLC had a return on equity of 154.50% and a net margin of 14.37%. The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. Allegion PLC updated its FY17 guidance to $3.75-3.80 EPS.
Shares of Allegion PLC (NYSE:ALLE) traded up $1.05 during trading hours on Friday, reaching $83.13. 565,100 shares of the company were exchanged, compared to its average volume of 693,768. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54. Allegion PLC has a 12-month low of $63.71 and a 12-month high of $89.81. The company has a market capitalization of $7,801.10, a PE ratio of 22.36, a PEG ratio of 1.54 and a beta of 1.10.
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Several research firms recently issued reports on ALLE. Wells Fargo & Company reiterated an “outperform” rating and issued a $100.00 price objective (up previously from $90.00) on shares of Allegion PLC in a report on Wednesday, October 18th. BidaskClub cut Allegion PLC from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Robert W. Baird reaffirmed a “hold” rating on shares of Allegion PLC in a research report on Tuesday, September 26th. Zacks Investment Research cut Allegion PLC from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Wolfe Research raised Allegion PLC from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $89.75.
About Allegion PLC
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric 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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