Analyst Consensus ?
ConsensusHold23 ratings
Bullish730.4%
Neutral1669.6%
Bearish00.0%
Allegion plc · ALLE · FY2026 Q2 · Calendar Q3 2026
Allegion Beats on Q2 Revenue and EPS, Raises Full-Year Outlook as Americas Demand Accelerates
Allegion's Q2 2026 results confirm accelerating demand in the Americas, where mobile credential adoption in higher education and robust non-residential spec activity drove double-digit revenue growth and a high-teen EPS increase. Management raised all three full-year guidance metrics, signaling confidence that secular electronics adoption and cyclical construction tailwinds persist. The Krieger acquisition extends the product portfolio into data-center doors, opening a new vertical. The principal offset is Europe, where German demand softness prompted a restructuring program targeting $10 million in annual savings. The stock's +11.7% abnormal move on roughly triple normal volume reflects the market repricing both the beat and the higher guidance bar.
Reported Before market openNYSEIndustrials
$13.36B market cap
100quality score
Company context
Snapshot as of publicationAllegion plc engages in the provision of security products and solutions worldwide. It is operating through two segments: Allegion Americas and Allegion International. The company offers door controls, door control system, and exit devices; doors, glass and door systems, and accessories; electronic security products and access control systems, including time, attendance, and workforce productivity; and locks, locksets, portable locks, and key systems. It also provides services and software, such as inspection, maintenance, and repair services for its automatic entrance solutions; software as a service, including access control, platform integration, and workforce management solutions; and ongoing aftermarket services, and design…
Earnings scorecard
Reported versus consensus
Reported EPS
$2.40
Consensus $2
EPS surprise
+8.1%
Reported versus consensus
Reported revenue
$1.15B
Consensus $1.12B
Revenue surprise
+2.9%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$156.22Current
$115Low
$145.45Average
$190High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 31, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Neutral | Neutral | Maintain | Jul 24, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jun 3, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Apr 29, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Apr 20, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Apr 1, 2026 |
| Baird | Neutral | Neutral | Maintain | Oct 21, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Sep 16, 2025 |
| Mizuho | Neutral | Neutral | Maintain | Jul 25, 2025 |
| UBS | Neutral | Neutral | Maintain | Apr 16, 2024 |
| Vertical Research | Hold | Buy | Downgrade | Oct 19, 2023 |
| Longbow Research | Neutral | Buy | Downgrade | Sep 6, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Oct 28, 2022 |
| Atlantic Equities | Overweight | Overweight | Maintain | Nov 29, 2021 |
| William Blair | Perform | Market Perform | Maintain | Jun 3, 2020 |
| Imperial Capital | Neutral | Neutral | Maintain | Apr 27, 2020 |
| Berenberg | Hold | Buy | Downgrade | May 2, 2018 |
| Bank of America | Buy | Buy | Maintain | Jul 20, 2017 |
| Wolfe Research | Perform | Peer Perform | Maintain | Jul 11, 2017 |
| CLSA | Outperform | Buy | Maintain | Oct 17, 2016 |
| Bernstein | Outperform | Market Perform | Upgrade | Jan 19, 2016 |
| Susquehanna | Neutral | Neutral | Maintain | Nov 2, 2015 |
| S&P Capital IQ | Buy | Buy | Maintain | Jan 16, 2014 |
| MKM Partners | Buy | Buy | Maintain | Jan 8, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $156.22. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Robert W. Baird | Timothy Wojs | $170 | $154.57 | +8.8% | Jul 24, 2026 |
| Morgan Stanley | Christopher Snyder | $142 | $129.03 | -9.1% | Jun 3, 2026 |
| Robert W. Baird | Timothy Wojs | $165 | $137.86 | +5.6% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $180 | $161.84 | +15.2% | Jan 7, 2026 |
| Robert W. Baird | Analyst unavailable | $190 | $177.97 | +21.6% | Oct 21, 2025 |
| Barclays | Analyst unavailable | $126 | $130.38 | -19.3% | Mar 26, 2025 |
| Barclays | Julian Mitchell | $134 | $127.42 | -14.2% | Jan 8, 2025 |
| Barclays | Julian Mitchell | $116 | $120.5 | -25.7% | Jun 4, 2024 |
| Morgan Stanley | Joshua Pokrzywinski | $115 | $112.26 | -26.4% | Jun 3, 2022 |
| Credit Suisse | Analyst unavailable | $127 | $114.23 | -18.7% | Apr 27, 2022 |
| Morgan Stanley | Analyst unavailable | $120 | $114.43 | -23.2% | Apr 27, 2022 |
| Wells Fargo | Analyst unavailable | $130 | $113.9 | -16.8% | Apr 27, 2022 |
| Barclays | Julian Mitchell | $150 | $110.13 | -4.0% | Apr 5, 2022 |
| Wells Fargo | Joseph O’Dea | $147 | $115.24 | -5.9% | Feb 16, 2022 |
| UBS | Christopher Snyder | $145 | $137.93 | -7.2% | Jul 23, 2021 |
Track every rating change on ALLE the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
+10.4%
Event window
SPY move
-1.2%
Same window
Abnormal move
+11.7%
Stock minus SPY
Volume
3.0×
Versus trailing sessions
Subsequent drift
+1.6%
Up to 20 sessions
ALLESPY benchmark
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What changed
Revenue grew 12.7% YoY to $1.15B, beating consensus by 2.9%. Adjusted EPS of $2.40 exceeded estimates by 8.1%. Full-year reported revenue growth outlook raised from 6-8% to 7.5-8.5%. Organic revenue growth outlook raised from 2-4% to 3.5-4.5%. Adjusted EPS outlook raised from $8.70-$8.90 to $8.85-$9.00. European restructuring announced targeting $10M in annual cost savings. Krieger Specialty Products acquisition integrated into data-center door solutions. Bullish score increased from 72 to 82 quarter-over-quarter. Stock delivered a +11.7% abnormal return on approximately 3x baseline volume.
Guidance delta
Reported revenue growth: 6-8% raised to 7.5-8.5%. Organic revenue growth: 2-4% raised to 3.5-4.5%. Adjusted EPS: $8.70-$8.90 raised to $8.85-$9.00.
Key takeaways
- Revenue grew 12.7% YoY to $1.15B, beating estimates by 2.9%; adjusted EPS of $2.40 beat by 8.1%
- Americas strength was driven by volume, pricing, and residential electronics adoption, particularly mobile credentials in higher education
- Spec activity in non-residential verticals (office, multifamily, healthcare) is at its strongest level in years
- European demand, especially in Germany, remains soft; restructuring actions target $10M in annual cost savings
- Full-year guidance raised across revenue, organic growth, and EPS
- Krieger acquisition now contributing to data-center door solutions, expanding the addressable market
Management priorities
- Expand mobile credential and electronics offerings for institutional markets
- Grow data-center door and high-technology product lines through Krieger integration
- Execute European restructuring to deliver $10M in annual cost savings
- Maintain disciplined M&A pipeline and share-repurchase program
- Leverage spec activity to drive non-residential growth through 2027
Related earnings events
IndustrialsSources
- Earnings call transcript and parsed analysis · 2026-07-23T17:04:17.127230+00:00
- FN2 earnings calendar · 2026-07-31T01:23:16.182055+00:00
- Polygon adjusted daily market bars · 2026-07-31T12:11:58.049183+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-31T12:11:58.046394+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.