Brokerages predict that AlarmCom Hldg Inc (NASDAQ:ALRM) will post earnings of $0.24 per share for the current quarter, according to Zacks. Seven analysts have made estimates for AlarmCom’s earnings, with estimates ranging from $0.23 to $0.25. AlarmCom reported earnings of $0.26 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 7.7%. The firm is expected to report its next quarterly earnings report on Tuesday, February 26th.
On average, analysts expect that AlarmCom will report full-year earnings of $1.28 per share for the current year, with EPS estimates ranging from $1.27 to $1.29. For the next fiscal year, analysts expect that the firm will report earnings of $1.38 per share, with EPS estimates ranging from $1.18 to $1.51. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover AlarmCom.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.11. AlarmCom had a net margin of 3.50% and a negative return on equity of 73.39%. The company had revenue of $111.85 million for the quarter, compared to the consensus estimate of $96.76 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The business’s revenue was up 24.3% compared to the same quarter last year.
Several analysts have recently weighed in on ALRM shares. Maxim Group lifted their target price on shares of AlarmCom from $59.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Monday, August 13th. Credit Suisse Group reiterated an “outperform” rating on shares of AlarmCom in a research report on Friday, August 17th. BidaskClub lowered shares of AlarmCom from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, Bank of America upgraded shares of AlarmCom to a “buy” rating and lifted their target price for the company from $55.00 to $65.00 in a research report on Friday, September 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $55.18.
Shares of AlarmCom stock traded down $1.65 during trading on Monday, hitting $50.64. 498,752 shares of the company’s stock traded hands, compared to its average volume of 365,449. AlarmCom has a twelve month low of $33.39 and a twelve month high of $60.20. The firm has a market cap of $2.51 billion, a P/E ratio of 66.63, a price-to-earnings-growth ratio of 2.89 and a beta of 1.69.
In other AlarmCom news, CFO Steve Valenzuela sold 10,808 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $51.80, for a total transaction of $559,854.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hugh Panero sold 1,115 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $56.75, for a total transaction of $63,276.25. Following the transaction, the director now owns 4,835 shares of the company’s stock, valued at approximately $274,386.25. The disclosure for this sale can be found here. Insiders have sold 244,467 shares of company stock worth $12,884,446 over the last quarter. Corporate insiders own 37.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ALRM. BlackRock Inc. raised its holdings in AlarmCom by 27.7% during the 3rd quarter. BlackRock Inc. now owns 4,773,882 shares of the software maker’s stock worth $274,020,000 after purchasing an additional 1,035,961 shares during the last quarter. Eagle Asset Management Inc. bought a new position in AlarmCom during the 2nd quarter worth approximately $29,999,000. Carillon Tower Advisers Inc. bought a new position in AlarmCom during the 2nd quarter worth approximately $26,184,000. Vanguard Group Inc. increased its stake in shares of AlarmCom by 14.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,323,794 shares of the software maker’s stock valued at $190,786,000 after acquiring an additional 410,254 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new stake in shares of AlarmCom in the 3rd quarter valued at $19,572,000. Hedge funds and other institutional investors own 94.02% of the company’s stock.
AlarmCom Company Profile
Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
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