Allegion (ALLE) Earns Media Sentiment Rating of 0.17
Media headlines about Allegion (NYSE:ALLE) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Allegion earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the scientific and technical instruments company an impact score of 45.6404300382122 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Stocks With Rising Relative Strength: Allegion (finance.yahoo.com)
- Schlage Hardware parent acquires large door manufacturer in Middle East (woodworkingnetwork.com)
- Allegion PLC (ALLE) Expected to Post Quarterly Sales of $609.65 Million (americanbankingnews.com)
- Zacks: Analysts Anticipate Allegion PLC (ALLE) to Announce $0.94 EPS (americanbankingnews.com)
Shares of Allegion (ALLE) traded down $1.43 during trading hours on Tuesday, reaching $82.00. The company’s stock had a trading volume of 542,218 shares, compared to its average volume of 687,649. The stock has a market capitalization of $8,038.71, a PE ratio of 23.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.08. The company has a debt-to-equity ratio of 3.79, a current ratio of 2.14 and a quick ratio of 1.54. Allegion has a fifty-two week low of $63.71 and a fifty-two week high of $89.81.
Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.02. The business had revenue of $609.40 million for the quarter, compared to analysts’ expectations of $622.18 million. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. equities analysts forecast that Allegion will post 3.79 earnings per share for the current year.
Several research firms recently commented on ALLE. Zacks Investment Research cut Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. BidaskClub cut Allegion from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $100.00 price objective (up from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Allegion in a research report on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Allegion has an average rating of “Buy” and an average price target of $89.75.
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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