Allegion PLC (NYSE:ALLE) Posts Earnings Results, Meets Expectations

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.

COPYRIGHT VIOLATION NOTICE: “Allegion PLC (NYSE:ALLE) Posts Earnings Results, Meets Expectations” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at

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.

Earnings History for Allegion PLC (NYSE:ALLE)

Receive News & Ratings for Allegion PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion PLC and related companies with's FREE daily email newsletter.

Leave a Reply