$119.06 Million in Sales Expected for AlarmCom Hldg Inc (NASDAQ:ALRM) This Quarter

Wall Street brokerages expect AlarmCom Hldg Inc (NASDAQ:ALRM) to post $119.06 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for AlarmCom’s earnings, with estimates ranging from $114.22 million to $128.63 million. AlarmCom reported sales of $121.66 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The company is scheduled to announce its next earnings report on Thursday, August 13th.

According to Zacks, analysts expect that AlarmCom will report full-year sales of $527.62 million for the current year, with estimates ranging from $521.33 million to $535.40 million. For the next financial year, analysts forecast that the business will post sales of $575.74 million, with estimates ranging from $552.56 million to $599.92 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for AlarmCom.

AlarmCom (NASDAQ:ALRM) last posted its earnings results on Thursday, May 7th. The software maker reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.08. The company had revenue of $151.90 million during the quarter, compared to analysts’ expectations of $125.13 million. AlarmCom had a net margin of 9.84% and a return on equity of 18.82%. AlarmCom’s quarterly revenue was up 35.3% on a year-over-year basis. During the same period last year, the company posted $0.34 earnings per share.

A number of equities analysts have commented on ALRM shares. Roth Capital lifted their price objective on shares of AlarmCom from $51.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday. Zacks Investment Research cut shares of AlarmCom from a “hold” rating to a “sell” rating in a research note on Monday, June 8th. Imperial Capital lifted their price objective on shares of AlarmCom from $57.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. ValuEngine cut shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Raymond James dropped their price objective on shares of AlarmCom from $65.00 to $55.00 and set a “strong-buy” rating for the company in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. AlarmCom presently has a consensus rating of “Buy” and a consensus target price of $62.38.

In related news, insider Crossover Managemen Technology sold 5,616,451 shares of AlarmCom stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.05, for a total transaction of $264,254,019.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel Ramos sold 2,834 shares of AlarmCom stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $62.17, for a total transaction of $176,189.78. Following the sale, the vice president now owns 39,769 shares of the company’s stock, valued at approximately $2,472,438.73. The disclosure for this sale can be found here. Insiders sold a total of 5,706,103 shares of company stock valued at $268,652,579 in the last 90 days. Company insiders own 26.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in AlarmCom by 1.1% during the 1st quarter. BlackRock Inc. now owns 6,022,262 shares of the software maker’s stock valued at $234,324,000 after buying an additional 66,630 shares in the last quarter. Brown Capital Management LLC lifted its holdings in AlarmCom by 5.1% during the 1st quarter. Brown Capital Management LLC now owns 5,239,979 shares of the software maker’s stock valued at $203,888,000 after buying an additional 254,276 shares in the last quarter. Capital World Investors lifted its holdings in AlarmCom by 27.3% during the 1st quarter. Capital World Investors now owns 3,208,000 shares of the software maker’s stock valued at $124,823,000 after buying an additional 687,300 shares in the last quarter. Akre Capital Management LLC lifted its holdings in AlarmCom by 10.2% during the 1st quarter. Akre Capital Management LLC now owns 1,771,470 shares of the software maker’s stock valued at $68,928,000 after buying an additional 163,968 shares in the last quarter. Finally, Riverbridge Partners LLC lifted its holdings in AlarmCom by 14.9% during the 1st quarter. Riverbridge Partners LLC now owns 1,679,004 shares of the software maker’s stock valued at $65,330,000 after buying an additional 217,967 shares in the last quarter. Institutional investors own 97.36% of the company’s stock.

Shares of NASDAQ:ALRM traded down $1.37 on Friday, reaching $63.54. The company’s stock had a trading volume of 1,066,400 shares, compared to its average volume of 604,708. AlarmCom has a 52-week low of $32.00 and a 52-week high of $65.02. The company has a market cap of $3.09 billion, a P/E ratio of 59.94, a PEG ratio of 5.30 and a beta of 1.15. The company has a 50-day simple moving average of $54.08 and a 200 day simple moving average of $45.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.51 and a current ratio of 3.98.

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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Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

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