Ventz/iStock via Getty Images The Thesis Despite a bad start to the year, I expect Allegion (NYSE:ALLE) topline to grow in the coming quarter, primarily due to continued strong demand in the institutional end market. This along with benefits from new projects and good demand in certain areas of the residential end market should drive the company's sale in the coming quarters. While longer term should benefit from company's continued investment in organic growth drivers as well as strategic M&As. As volume g ...

Allegion (ALLE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often fi ...

Commercial product line serves as first line of defense from hurricanes, withstanding high wind pressure, resisting forced entry, and providing improved energy efficiency. FARMINGTON, Conn., April 26, 2024 /PRNewswire/ -- STANLEY Access Technologies, part of the Allegion family of brands and leading provider of automatic door solutions and service, is launching enhanced Dura-Storm door products. Designed to increase the structural resilience of commercial and public buildings, the new and expanded line of D ...

Allegion plc’s (ALLE) first-quarter 2024 adjusted earnings of $1.55 per share beat the Zacks Consensus Estimate of $1.41. However, the bottom line fell 1.9% year over year.Revenue DetailsIn the quarter under review, Allegion’s revenues were $893.9 million, declining 3.2% year over year. Organic sales in the quarter decreased 3.6% due to softness in the company’s residential and non-residential businesses. Allegion’s revenues missed the Zacks Consensus Estimate of $915 million.Acquired assets boosted sales b ...

Allegion plc (NYSE:ALLE) Q1 2024 Earnings Conference Call April 25, 2024 8:00 AM ET Company Participants Josh Pokrzywinski - VP, IR John Stone - President and CEO Mike Wagnes - SVP and CFO Conference Call Participants Matthew Pan - Barclays Joe O'Dea - Wells Fargo Peter Costa - Mizuho Operator Good morning, and welcome to the Allegion First Quarter 2024 Earnings Call [Operator Instructions] Please note, this event is being recorded. I would now like to turn the conference over to Josh Pokrzywinski, Vice Pre ...

Allegion (ALLE) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.41 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.93%. A quarter ago, it was expected that this security device maker would post earnings of $1.57 per share when it actually produced earnings of $1.68, delivering a surprise of 7.01%.Over the last four quarters, the com ...

Allegion (NYSE: ALLE) Reports Q1-2024 Financial Results First quarter marked by strong execution; Company affirms full-year outlook Quarterly Financial Highlights (All comparisons against the first quarter of 2023, unless otherwise noted) • Net earnings per share (EPS) of $1.41, up 0.7% compared with $1.40; Adjusted EPS of $1.55, down 1.9% compared with $1.58 • Revenues of $893.9 million, down 3.2% on a reported basis and down 3.6% on an organic basis • Operating margin of 19.3%, compared with 18.5%; Adjust ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35971 _______________________________ ALLEGION PUBLIC L ...

Allegion (ALLE) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 25. On the ...

Allegion plc (ALLE) appears in good shape, with its shares having rallied 27.8% in the past year compared with the industry’s 19.3% growth.What’s Aiding ALLE?Allegion has been benefiting from strong operational performance owing to steady demand across its end markets. Pricing actions are helping the company partly offset inflationary pressure. The company’s Americas segment has been witnessing strength driven by solid momentum in its non-residential business. The Allegion International segment is benefitin ...