Equities research analysts expect AlarmCom Hldg Inc (NASDAQ:ALRM) to announce earnings of $0.24 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for AlarmCom’s earnings. The lowest EPS estimate is $0.23 and the highest is $0.25. AlarmCom posted earnings of $0.26 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.7%. The company is scheduled to issue 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 fiscal year, with EPS estimates ranging from $1.27 to $1.29. For the next year, analysts forecast that the business will report earnings of $1.38 per share, with EPS estimates ranging from $1.18 to $1.51. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow AlarmCom.
AlarmCom (NASDAQ:ALRM) last issued its earnings results on Wednesday, November 7th. The software maker reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.11. The business had revenue of $111.85 million during the quarter, compared to analyst estimates of $96.76 million. AlarmCom had a negative return on equity of 73.39% and a net margin of 3.50%. AlarmCom’s revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS.
ALRM has been the topic of a number of recent analyst reports. BidaskClub upgraded AlarmCom from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research lowered shares of AlarmCom from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Imperial Capital reaffirmed an “in-line” rating and issued a $60.00 price objective (up previously from $45.00) on shares of AlarmCom in a research note on Thursday, August 23rd. ValuEngine upgraded shares of AlarmCom from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, Maxim Group increased their target price on shares of AlarmCom from $59.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, September 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $55.18.
In other news, CFO Steve Valenzuela sold 15,000 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $48.77, for a total value of $731,550.00. Following the transaction, the chief financial officer now directly owns 42,774 shares of the company’s stock, valued at $2,086,087.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Daniel Ramos sold 50,399 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $56.31, for a total transaction of $2,837,967.69. 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 ninety days. Insiders own 37.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in ALRM. DekaBank Deutsche Girozentrale boosted its stake in shares of AlarmCom by 202.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,302 shares of the software maker’s stock valued at $128,000 after purchasing an additional 1,542 shares in the last quarter. Nwam LLC acquired a new stake in AlarmCom in the 3rd quarter valued at $207,000. Modera Wealth Management LLC purchased a new position in AlarmCom during the 3rd quarter worth $210,000. Macquarie Group Ltd. boosted its holdings in AlarmCom by 583.3% during the 2nd quarter. Macquarie Group Ltd. now owns 4,100 shares of the software maker’s stock worth $166,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in shares of AlarmCom by 168.8% in the 3rd quarter. Riverhead Capital Management LLC now owns 4,300 shares of the software maker’s stock worth $247,000 after buying an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 94.02% of the company’s stock.
NASDAQ:ALRM traded down $1.65 during mid-day 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 capitalization of $2.51 billion, a P/E ratio of 66.63, a P/E/G ratio of 2.89 and a beta of 1.69.
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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