Brokerages expect AlarmCom Hldg Inc (NASDAQ:ALRM) to report sales of $109.74 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for AlarmCom’s earnings, with estimates ranging from $107.84 million to $111.32 million. AlarmCom posted sales of $104.49 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The company is scheduled to report its next earnings report on Tuesday, August 6th.
On average, analysts expect that AlarmCom will report full-year sales of $452.58 million for the current fiscal year, with estimates ranging from $450.58 million to $458.61 million. For the next financial year, analysts expect that the company will post sales of $494.99 million, with estimates ranging from $470.40 million to $513.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover AlarmCom.
AlarmCom (NASDAQ:ALRM) last posted its earnings results on Thursday, May 9th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.03. The company had revenue of $112.34 million during the quarter, compared to analyst estimates of $102.35 million. AlarmCom had a negative return on equity of 86.44% and a net margin of 4.55%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 EPS.
Several brokerages recently issued reports on ALRM. BidaskClub lowered AlarmCom from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 14th. Imperial Capital reiterated an “in-line” rating and issued a $64.00 price objective (up from $61.00) on shares of AlarmCom in a research report on Monday, May 13th. Zacks Investment Research lowered AlarmCom from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Northland Securities reiterated a “buy” rating and issued a $73.00 price objective on shares of AlarmCom in a research report on Friday, May 10th. Finally, Jefferies Financial Group lowered AlarmCom from a “buy” rating to a “hold” rating and decreased their price objective for the company from $71.00 to $66.00 in a research report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $67.91.
In other AlarmCom news, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $57.99, for a total value of $62,803.17. Following the sale, the chief financial officer now owns 41,632 shares in the company, valued at approximately $2,414,239.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jean-Paul Martin sold 952 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $58.41, for a total value of $55,606.32. Following the completion of the sale, the chief technology officer now owns 146,458 shares in the company, valued at approximately $8,554,611.78. The disclosure for this sale can be found here. Insiders sold a total of 44,710 shares of company stock worth $2,937,651 in the last 90 days. Company insiders own 26.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intrust Bank NA lifted its stake in AlarmCom by 2.1% in the 1st quarter. Intrust Bank NA now owns 9,150 shares of the software maker’s stock valued at $594,000 after acquiring an additional 186 shares in the last quarter. Redmond Asset Management LLC raised its stake in shares of AlarmCom by 1.2% during the 1st quarter. Redmond Asset Management LLC now owns 16,196 shares of the software maker’s stock worth $1,051,000 after purchasing an additional 187 shares in the last quarter. Raymond James & Associates raised its stake in shares of AlarmCom by 0.3% during the 4th quarter. Raymond James & Associates now owns 70,971 shares of the software maker’s stock worth $3,681,000 after purchasing an additional 199 shares in the last quarter. Signaturefd LLC raised its stake in shares of AlarmCom by 125.0% during the 1st quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of AlarmCom by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 6,938 shares of the software maker’s stock worth $360,000 after purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 93.73% of the company’s stock.
Shares of ALRM traded up $0.67 on Friday, hitting $53.17. The company’s stock had a trading volume of 413,767 shares, compared to its average volume of 478,019. The business has a fifty day moving average of $57.85. AlarmCom has a fifty-two week low of $38.64 and a fifty-two week high of $71.50. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 3.99 and a beta of 1.60.
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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