Alarm.com Holdings, Inc. (ALRM) Expected to Post Earnings of $0.19 Per Share
Brokerages expect Alarm.com Holdings, Inc. (NASDAQ:ALRM) to announce earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Alarm.com Holdings’ earnings. The highest EPS estimate is $0.20 and the lowest is $0.18. Alarm.com Holdings also reported earnings per share of $0.19 in the same quarter last year. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that Alarm.com Holdings will report full year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $0.98. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.84 to $1.11. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Alarm.com Holdings.
Alarm.com Holdings (NASDAQ:ALRM) last released its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.14. Alarm.com Holdings had a negative return on equity of 35.68% and a net margin of 6.50%. The business had revenue of $86.00 million during the quarter, compared to the consensus estimate of $81.05 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year.
Several analysts recently weighed in on ALRM shares. BidaskClub downgraded Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Northland Securities set a $41.00 price objective on Alarm.com Holdings and gave the company a “buy” rating in a report on Wednesday, July 19th. Stifel Nicolaus restated a “hold” rating and issued a $29.00 price objective on shares of Alarm.com Holdings in a report on Tuesday, July 25th. Maxim Group lifted their price objective on Alarm.com Holdings from $42.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $46.00 price objective (up from $37.00) on shares of Alarm.com Holdings in a report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alarm.com Holdings presently has a consensus rating of “Buy” and a consensus target price of $44.60.
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In other Alarm.com Holdings news, insider Jean-Paul Martin sold 20,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $38.64, for a total value of $772,800.00. Following the completion of the transaction, the insider now directly owns 150,404 shares in the company, valued at $5,811,610.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Hutz sold 3,500 shares of the business’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $47.73, for a total transaction of $167,055.00. The disclosure for this sale can be found here. Insiders sold 373,651 shares of company stock valued at $16,342,735 over the last quarter. 78.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Global X MANAGEMENT CO LLC raised its holdings in Alarm.com Holdings by 16.8% in the third quarter. Global X MANAGEMENT CO LLC now owns 20,386 shares of the software maker’s stock worth $921,000 after purchasing an additional 2,926 shares in the last quarter. Brown Advisory Securities LLC bought a new position in Alarm.com Holdings in the third quarter worth about $270,000. USA Financial Portformulas Corp bought a new position in Alarm.com Holdings in the third quarter worth about $489,000. Penserra Capital Management LLC bought a new position in Alarm.com Holdings in the third quarter worth about $2,478,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Alarm.com Holdings in the third quarter worth about $867,000. Institutional investors and hedge funds own 84.41% of the company’s stock.
Shares of Alarm.com Holdings (NASDAQ:ALRM) opened at $45.95 on Friday. The company has a quick ratio of 2.63, a current ratio of 2.85 and a debt-to-equity ratio of -0.70. The firm has a market capitalization of $2,146.23, a PE ratio of 56.04, a P/E/G ratio of 3.11 and a beta of 1.43. Alarm.com Holdings has a fifty-two week low of $26.68 and a fifty-two week high of $49.49.
About Alarm.com Holdings
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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