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Allegion (ALLE) Misses on Both Earnings & Sales in Q4

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Allegion plc (ALLE - Free Report) is a leading global provider of security products and solutions for business and domestic purposes. The company offers an extensive portfolio of mechanical and electronic security products and boasts a diverse range of market-leading brands, including CISA, Interflex, aptiQ, LCN, Schlage and Von Duprin.

Investors should note that earnings estimate movement for ALLE has been stable for the last 60 days. The company has posted positive earnings surprise in two of the past four quarters, with an average positive surprise of 6.18%.

Currently, ALLE has a Zacks Rank #3 (Hold), but that could definitely change following Allegion’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: ALLE missed on earnings. Our consensus earnings estimate called for EPS of 87 cents/share, and the company reported adjusted EPS of 81 cents instead. Investors should note that these figures take out stock option expenses.

Allegion PLC Price and EPS Surprise

Revenues: ALLE reported revenues of $569.7 million. This missed our consensus estimate of $572.3 million.

Key Stats to Note: Adjusted operating margin of 17.9%, down 110 basis points year over year due a $15 million environmental remediation charge during the quarter in the Americas segment.

Check back later for our full write up on this ALLE earnings report later.

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