Brokerages Anticipate AlarmCom Hldg Inc (NASDAQ:ALRM) to Announce $0.31 EPS

Wall Street analysts expect that AlarmCom Hldg Inc (NASDAQ:ALRM) will post earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for AlarmCom’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.41. AlarmCom reported earnings per share of $0.40 during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.5%. The business is expected to issue its next quarterly earnings results on Thursday, August 13th.

According to Zacks, analysts expect that AlarmCom will report full year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.50. For the next fiscal year, analysts anticipate that the business will report earnings of $1.58 per share, with EPS estimates ranging from $1.46 to $1.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover AlarmCom.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $0.42 earnings per share for the quarter, topping the Zacks’ 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%. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share.

A number of research firms have recently issued reports on ALRM. Raymond James dropped their target price on shares of AlarmCom from $65.00 to $55.00 and set a “strong-buy” rating for the company in a report on Wednesday, May 6th. Roth Capital upped their target price on shares of AlarmCom from $51.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday. BidaskClub raised shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Maxim Group reaffirmed a “buy” rating and set a $79.00 target price on shares of AlarmCom in a report on Saturday, May 9th. Finally, ValuEngine lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $62.38.

Shares of AlarmCom stock traded down $1.37 during trading hours on Friday, reaching $63.54. 1,066,400 shares of the company’s stock were exchanged, compared to its average volume of 604,708. AlarmCom has a 1 year low of $32.00 and a 1 year high of $65.02. The company has a market capitalization of $3.09 billion, a P/E ratio of 59.94, a price-to-earnings-growth ratio of 5.30 and a beta of 1.15. The business has a fifty day moving average of $54.08 and a two-hundred day moving average of $45.98. The company has a quick ratio of 3.51, a current ratio of 3.98 and a debt-to-equity ratio of 0.42.

In related news, CFO Steve Valenzuela sold 649 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $49.57, for a total value of $32,170.93. Following the completion of the sale, the chief financial officer now owns 49,787 shares of the company’s stock, valued at $2,467,941.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Trundle sold 4,752 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $37.12, for a total transaction of $176,394.24. Following the transaction, the chief executive officer now directly owns 272,493 shares of the company’s stock, valued at approximately $10,114,940.16. The disclosure for this sale can be found here. Insiders sold 5,706,103 shares of company stock valued at $268,652,579 in the last three months. 26.00% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in ALRM. Disciplined Growth Investors Inc. MN purchased a new position in AlarmCom during the first quarter worth about $29,994,000. Norges Bank purchased a new position in AlarmCom during the fourth quarter worth about $30,099,000. Capital World Investors boosted its stake in AlarmCom by 27.3% during the first quarter. Capital World Investors now owns 3,208,000 shares of the software maker’s stock worth $124,823,000 after buying an additional 687,300 shares during the period. William Blair Investment Management LLC purchased a new position in AlarmCom during the first quarter worth about $19,628,000. Finally, Janus Henderson Group PLC boosted its stake in AlarmCom by 41.1% during the first quarter. Janus Henderson Group PLC now owns 1,319,885 shares of the software maker’s stock worth $51,357,000 after buying an additional 384,605 shares during the period. 97.36% of the stock is owned by institutional investors.

About AlarmCom

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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