Allegion up as quarterly results beat estimates

Allegion

24/04/2025 16:14

** Lockmaker Allegion ALLE.N shares rise 11% to $140

** Co's Q1 earnings beat analyst estimates, driven by robust demand for security products

** Co post Q1 revenue of $941.9 mln compared with analyst estimates of $919.6 mln - LSEG

** Dublin-based co's quarterly profit was $1.86 per share, above estimates of $1.67 per share

** 4 of 12 brokerages rate the stock "buy", 6 "hold" and 2 "sell"; their median PT is $138.50 - LSEG

** As of last close, stock had risen 6.6% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))