Allegion Q4 Earnings & Revenues Top, Issues '18 View
Capital expenditures totaled $49.3 million in 2017, compared with $42.5 million a year ago.
2017 Highlights
Total revenues came in at $2.4 billion, up 7.6% from $2.2 billion in 2016. Organically, revenues increased 5.7%. The upside was driven by positive organic growth along with contributions from acquisitions and favorable currency. Adjusted earnings were $3.96 per share, up 18.6% year over year.
2018 Guidance
Adjusted earnings per share are now expected in the range of $4.35 to $4.50, reflecting an increase of 9.8% to 13.6% from adjusted 2017 EPS.
The company expects full-year 2017 revenue growth in the band of 10.5-11.5% on a year-over-year basis. Organically, revenues are expected in the 4-5% range.
Full-year adjusted effective tax rate is anticipated at 16%.
Available cash flow is targeted at approximately $380-$400 million.
Allegion PLC Price, Consensus and EPS Surprise
Allegion PLC Price, Consensus and EPS Surprise | Allegion PLC Quote
Zacks Rank & Key Picks
The company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A few better-ranked stocks in the Industrial Products sector are Alarm.Com Holdings, Inc. (ALRM - Free Report), Fortune Brands Home & Security, Inc. (FBHS - Free Report) and Hubbell Incorporated (HUBB - Free Report).
Alarm.Com sports a Zacks Rank #2 (Buy). 2018 earnings for Alarm.Com are expected to increase 4.9%.
Fortune Brands, also a Zacks Rank #2 stock, is anticipated to witness 17.9% earnings growth in 2018.
Hubbell, also a Zacks Rank #2 stock, is expected to witness 21.4% earnings growth in 2018.
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