From Financial Modeling Prep: 2024-10-24 13:00:06

Allegion plc (NYSE:ALLE) reported an EPS of $1.99, exceeding estimates and showcasing its ability to surpass market expectations. The company’s adjusted net earnings rose to $2.16 per share, indicating an 11.3% increase from the previous year and highlighting Allegion’s growth trajectory. Despite a slight revenue shortfall, Allegion’s strong financial performance is evident with net earnings reaching $174 million and a healthy price-to-earnings (P/E) ratio of approximately 22.22.

Allegion plc is a global leader in security products and solutions, offering locks, door closers, and other security devices. The company operates in a competitive market, with key competitors such as Assa Abloy and Dormakaba. Allegion’s focus on innovation and customer satisfaction has helped it maintain a strong market position.

On October 24, 2024, Allegion reported earnings per share (EPS) of $1.99, exceeding the estimated $1.93. The adjusted net earnings rose to $2.16 per share, marking an 11.3% increase from the previous year, showcasing Allegion’s growth trajectory. Despite slightly lower revenue, Allegion’s net earnings reached $174 million, reflecting its financial strength.

Allegion’s financial metrics reveal a price-to-earnings (P/E) ratio of approximately 22.22, indicating investor confidence in the company’s earnings. The price-to-sales ratio of about 3.41 and enterprise value to sales ratio of around 3.82 reflect market valuation of Allegion’s revenue and total worth. The company’s debt-to-equity ratio of roughly 1.53 and current ratio of approximately 1.71 demonstrate a balanced financial approach.

Allegion’s strong financial performance, with an EPS exceeding estimates and net earnings growth, showcases its ability to surpass market expectations. Despite a slight revenue shortfall, the company’s healthy financial metrics, including a strong price-to-earnings ratio and balanced debt-to-equity ratio, indicate its financial stability and growth potential.



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