Allegion PLC (ALLE) Releases Earnings Results, Beats Expectations By $0.09 EPS

Allegion PLC (ALLE) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.99 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.90. The company posted revenue of $584.90 million in the period, compared to analysts expectations of $574.08 million. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS.

Many Wall Street Analysts have commented on Allegion PLC. Allegion PLC was Downgraded by CLSA to ” Outperform” on Jul 25, 2016. Goldman Initiated Allegion PLC on Jun 10, 2016 to “Buy”, Price Target of the shares are set at $78.

Allegion PLC opened for trading at $72.75 and hit $73.42 on the upside on Thursday, eventually ending the session at $72.78, with a gain of 1.25% or 0.9 points. The heightened volatility saw the trading volume jump to 8,41,059 shares. Company has a market cap of $6,968 M.

In a different news, on May 11, 2016, Raymond H Jr Lewis (Sr. V. President – HR & Comm.) sold 1,278 shares at $66.78 per share price. According to the SEC, on May 2, 2016, Dean I Schaffer (director) purchased 10 shares at $65.10 per share price. On Apr 8, 2016, Timothy P Eckersley (Sr. Vice President) sold 3,587 shares at $65.99 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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