Allegion (NYSE:ALLE – Get Free Report) released its quarterly earnings data on Thursday. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18, Briefing.com reports. The firm had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 earnings per share. Allegion updated its FY 2024 guidance to 7.350-7.450 EPS and its FY24 guidance to $7.35-7.45 EPS.
Allegion Trading Down 1.4 %
ALLE stock traded down $2.04 during midday trading on Friday, reaching $143.23. 508,866 shares of the company traded hands, compared to its average volume of 706,846. Allegion has a 52-week low of $95.97 and a 52-week high of $156.10. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66. The business has a 50 day moving average of $142.11 and a 200-day moving average of $130.11. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 4.50 and a beta of 1.12.
Allegion Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.34%. Allegion’s dividend payout ratio (DPR) is presently 31.32%.
Analyst Ratings Changes
View Our Latest Research Report on Allegion
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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