Allegion plc ALLE reported better-than-expected outcomes for the very first quarter on Friday.
The business published quarterly incomes of $1.86 per share which beat the expert agreement quote of $1.67 per share. The business reported quarterly sales of $941.90 million which beat the expert agreement quote of $919.64 million.
Allegion verified its FY2025 changed EPS assistance of $7.65-$ 7.85 and verified profits development assistance of 1% to 3%.
” Allegion is off to a strong start in 2025. I take pride in our group’s execution as we stayed nimble in a really vibrant environment. I’m particularly pleased with the outcomes provided by our Americas non-residential company, which show the resiliency of our company design, our broad end market direct exposure and the depth of our relationships with channel partners and end users,” stated Allegion President and CEO John H. Stone.
Allegion shares fell 1.5% to trade at $137.38 on Friday.
These experts made modifications to their cost targets on Allegion following incomes statement.
Barclays expert Julian Mitchell preserved Allegion with an Underweight ranking and raised the cost target from $126 to $128.
Baird expert Timothy Wojs preserved Allegion with a Neutral and raised the cost target from $144 to $150.
Thinking about purchasing ALLE stock? Here’s what experts believe:
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