Allegion plc (NYSE:ALLE) manufacturer of mechanical and electronic security products, is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.19 per share.
Looking ahead, the full year income are expected at $ 4.28 per share on the revenues of $ 2599.41 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,569.00 million ~ $ 2,597.00 million, where as bottomline are predicted in a range of $ 4.15 ~ $ 4.30 per share
Click Here For More Historical Outlooks Of Allegion plc
Previous Quarter Performance
Allegion plc revealed income for the second quarter of $ 0.92 per share, from the revenue of $ 589.50 million. The quarterly earnings fell 26.98 percent while revenues contracted 19.38 percent compared with the same quarter last year.
According to street consensus, ALLE was expected to report 2Q20 income of $ 0.82 per share from revenue of $ 610.80 million. The bottom line results beat street analysts by $ 0.1 or 12.20 percent, at the same time, top line results fell short of analysts by $ 21.3 million or 3.49 percent.
Stock Performance
Shares of Allegion plc traded low $ -0.98 or -0.93 percent on Wednesday, reaching $ 104.32 with volume of 773.50 thousand shares. The stock opened down for the day at $ 105.16, after closing the previous day trading at $ 105.30.
According to the previous trading day, closing price of $ 105.30, representing a 36.10 % increase from the 52 week low of $ 77.37 and a 24.38 % decrease over the 52 week high of $ 139.24.
The company has a market capital of $ 9.62 billion and is part of the Services sector and Security & Protection Services industry.
Recent Analyst recommendations
- On 16th September 2020, initiated by UBS Group at Neutral rating, with $ 99.00 target price.
Conference Call
Allegion plc will be hosting a conference call at 8:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.allegion.com
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facilities, including education, healthcare, government, hospitality, commercial office, and single and multi-family residential markets under the CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin brands.
