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Allegion plc

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Allegion’s fourth-quarter 2017 earnings surpassed the Zacks Consensus Estimate and were up 37% from the prior-year quarter. Net revenues of $623 million also surpassed the consensus mark and increased 9.4% on a year-over-year basis on the back of continued organic growth, synergies from acquisitions and favorable foreign currency impact. Adjusted operating margin was up 380 basis points (bps) year over year owing to solid volume leverage and productivity, offsetting negative impacts from increased investments and inflation.The company’s acquisitions, divestitures, focus on innovation and solid footprint in emerging markets is encouraging. Notably, Allegion’s shares have gained 17.1% in the past year, compared to the 24% decline of its industry. Estimates for the first quarter of 2018 also moved 1.2% north over the last seven days, reflecting the fact that analysts are optimistic on the stock’s prospects.

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