Allegion plc (NYSE:ALLE) manufacturer of mechanical and electronic security products, is reporting second quarter earnings results on Thursday 23rd July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.82 per share.
For the full year, analysts predict revenues of $ 2643.52 million, while looking forward to income of $ 4.12 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,940.00 million ~ $ 2,968.00 million, where as bottomline are predicted in a range of $ 5.10 ~ $ 5.20 per share
Click Here For More Historical Outlooks Of Allegion plc
Previous Quarter Performance
Allegion plc reported income for the first quarter of $ 1.04 per share, from the revenue of $ 674.70 million. The quarterly earnings up 18.18 percent while revenues enlarged 3.01 percent compared with the same quarter last year.
Wall street analysts are predicting, ALLE to report 1Q20 income of $ 0.89 per share from revenue of $ 657.79 million. The bottom line results beat street analysts by $ 0.15 or 16.85 percent, at the same time, top line results outshined analysts by $ 16.91 million or 2.57 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ALLE was $ 111.60, representing a 44.24 % increase from the 52 week low of $ 77.37 and a 19.85 % decrease over the 52 week high of $ 139.24.
The company has a market capital of $ 10.29 billion and is part of the Services sector and Security & Protection Services industry.
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Recent Analyst recommendations
On 14th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 95.00 target price.
On 3rd June 2020, initiated by William Blair at Market Perform rating.
Conference Call
Allegion plc will be hosting a conference call at 8:00 AM eastern time on 23rd July 2020, to discuss its 2Q20 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.
