Allegion PLC (ALLE) Releases Earnings Results, Misses Expectations By $-0.04 EPS

Allegion PLC (ALLE) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.61 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.65. The company posted revenue of $502.30 million in the period, compared to analysts expectations of $504.52 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Allegion PLC. Company shares were Reiterated by Imperial Capital on Apr 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 71 from a previous price target of $68 .Allegion PLC was Upgraded by Credit Agricole to ” Buy” on Feb 12, 2016.

Allegion PLC opened for trading at $65.85 and hit $66.91 on the upside on Wednesday, eventually ending the session at $66.83, with a gain of 1.77% or 1.16 points. The heightened volatility saw the trading volume jump to 9,94,629 shares. Company has a market cap of $6,422 M.

In a different news, on Apr 8, 2016, Timothy P Eckersley (Sr. Vice President) sold 3,587 shares at $65.99 per share price. According to the SEC, on Mar 7, 2016, Raymond H Jr Lewis (Sr. V. President – HR & Comm.) sold 5,058 shares at $63.18 per share price. On Feb 12, 2016, Kirk S Hachigian (director) purchased 22 shares at $57.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Allegion plc 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 products include door closers and controls electronic security products exit devices time attendance and workforce productivity systems door and door frames (steel) electronic and biometric access control systems locks locksets and key systems video analytics systems and other accessories. The Company’s products also include an array of sealing systems such as sound control fire and smoke protection threshold applications lites door louvers intumescent products photo-luminescent and flood barrier for doors.It operates in three geographic segments: Americas; Europe Middle East India and Africa (EMEIA) and Asia Pacific. The Company’s brands include CISA FALCON Briton Schlage Bricard LCN Von Duprin STEELCRAFT NORMBAU and INAFER among others.

Allegion PLC

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