Equities analysts forecast that Alarm.com (NASDAQ:ALRM) will announce $89.41 million in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Alarm.com’s earnings. The lowest sales estimate is $86.47 million and the highest is $90.30 million. Alarm.com reported sales of $74.19 million in the same quarter last year, which indicates a positive year over year growth rate of 20.5%. The company is scheduled to report its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Alarm.com will report full-year sales of $381.23 million for the current financial year, with estimates ranging from $380.71 million to $381.80 million. For the next fiscal year, analysts forecast that the company will post sales of $426.84 million per share, with estimates ranging from $417.34 million to $431.68 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Alarm.com.
Alarm.com (NASDAQ:ALRM) last issued its earnings results on Tuesday, February 27th. The software maker reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $88.79 million during the quarter, compared to analyst estimates of $83.50 million. Alarm.com had a net margin of 8.63% and a negative return on equity of 47.29%.
Several analysts recently weighed in on ALRM shares. Imperial Capital raised shares of Alarm.com from an “in-line” rating to an “outperform” rating and raised their target price for the company from $37.88 to $45.00 in a report on Friday, February 16th. Zacks Investment Research raised shares of Alarm.com from a “hold” rating to a “strong-buy” rating and set a $45.00 target price on the stock in a report on Monday, January 22nd. BidaskClub raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, February 23rd. Jefferies Group raised shares of Alarm.com from a “hold” rating to a “buy” rating and reduced their target price for the company from $44.00 to $43.00 in a report on Thursday, January 18th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $59.00 target price on shares of Alarm.com in a report on Thursday, March 22nd. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $48.20.
NASDAQ:ALRM traded up $0.79 during mid-day trading on Wednesday, hitting $40.25. The stock had a trading volume of 316,290 shares, compared to its average volume of 487,896. The stock has a market cap of $1,862.74, a price-to-earnings ratio of 52.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.13. Alarm.com has a twelve month low of $30.88 and a twelve month high of $49.49. The company has a quick ratio of 3.37, a current ratio of 3.68 and a debt-to-equity ratio of -0.80.
In other Alarm.com news, insider Stephen Trundle sold 25,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $39.11, for a total value of $977,750.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Darius G. Nevin purchased 10,000 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was bought at an average price of $37.21 per share, for a total transaction of $372,100.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $372,100. The disclosure for this purchase can be found here. Corporate insiders own 46.80% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH increased its stake in Alarm.com by 7.3% in the third quarter. Allianz Asset Management GmbH now owns 99,725 shares of the software maker’s stock valued at $4,505,000 after purchasing an additional 6,826 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Alarm.com during the third quarter worth approximately $3,269,000. Bank of New York Mellon Corp grew its position in shares of Alarm.com by 5.2% during the third quarter. Bank of New York Mellon Corp now owns 383,005 shares of the software maker’s stock worth $17,305,000 after acquiring an additional 18,941 shares during the last quarter. Koch Industries Inc. grew its position in shares of Alarm.com by 83.1% during the fourth quarter. Koch Industries Inc. now owns 28,698 shares of the software maker’s stock worth $1,083,000 after acquiring an additional 13,021 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Alarm.com by 1,387.8% during the third quarter. Sei Investments Co. now owns 13,256 shares of the software maker’s stock worth $520,000 after acquiring an additional 12,365 shares during the last quarter. Institutional investors own 87.77% of the company’s stock.
Alarm.com 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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