Analysts Expect Alarm.com Holdings, Inc. (NASDAQ:ALRM) Will Post Earnings of $0.38 Per Share

Brokerages expect Alarm.com Holdings, Inc. (NASDAQ:ALRM) to report earnings of $0.38 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Alarm.com’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.43. Alarm.com posted earnings per share of $0.41 during the same quarter last year, which would indicate a negative year over year growth rate of 7.3%. The company is scheduled to report its next earnings report after the market closes on Thursday, August 5th.

On average, analysts expect that Alarm.com will report full-year earnings of $1.67 per share for the current financial year, with EPS estimates ranging from $1.64 to $1.72. For the next fiscal year, analysts expect that the company will report earnings of $1.85 per share, with EPS estimates ranging from $1.70 to $1.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Alarm.com.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings data on Monday, May 3rd. The software maker reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.12. Alarm.com had a net margin of 13.14% and a return on equity of 15.41%. The firm had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $153.58 million. During the same period in the prior year, the firm earned $0.42 earnings per share. The company’s quarterly revenue was up 13.6% compared to the same quarter last year.

A number of brokerages have issued reports on ALRM. Imperial Capital upgraded Alarm.com from an “in-line” rating to an “outperform” rating and set a $105.00 target price on the stock in a report on Tuesday, April 13th. Zacks Investment Research lifted their price target on Alarm.com to $107.50 and gave the company a “hold” rating in a research note on Wednesday, April 28th. They noted that the move was a valuation call. Barclays began coverage on shares of Alarm.com in a research report on Monday, July 12th. They issued an “equal weight” rating and a $100.00 price objective on the stock. Finally, JPMorgan Chase & Co. began coverage on Alarm.com in a research report on Tuesday, April 6th. They set a “neutral” rating and a $100.00 price target for the company. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.15.

ALRM stock opened at $82.05 on Monday. The company has a current ratio of 8.74, a quick ratio of 8.22 and a debt-to-equity ratio of 0.75. Alarm.com has a twelve month low of $52.35 and a twelve month high of $108.67. The company has a market capitalization of $4.08 billion, a P/E ratio of 58.03, a P/E/G ratio of 3.69 and a beta of 1.14. The business’s fifty day moving average price is $82.65.

In other news, VP Daniel Ramos sold 1,659 shares of the firm’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $79.63, for a total transaction of $132,106.17. Following the completion of the sale, the vice president now directly owns 45,790 shares of the company’s stock, valued at approximately $3,646,257.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Steve Valenzuela sold 1,292 shares of Alarm.com stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $90.82, for a total transaction of $117,339.44. Following the completion of the sale, the chief financial officer now directly owns 29,678 shares in the company, valued at approximately $2,695,355.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,562 shares of company stock worth $10,591,654. 6.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue grew its position in shares of Alarm.com by 2.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 31,333 shares of the software maker’s stock valued at $2,653,000 after purchasing an additional 845 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Alarm.com by 0.3% during the first quarter. Principal Financial Group Inc. now owns 320,276 shares of the software maker’s stock worth $27,666,000 after acquiring an additional 803 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Alarm.com by 5.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 76,058 shares of the software maker’s stock worth $6,570,000 after purchasing an additional 3,888 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Alarm.com by 33.1% in the 1st quarter. Millennium Management LLC now owns 7,520 shares of the software maker’s stock valued at $650,000 after acquiring an additional 1,870 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in shares of Alarm.com by 435.3% during the first quarter. Voloridge Investment Management LLC now owns 14,484 shares of the software maker’s stock valued at $1,251,000 after purchasing an additional 11,778 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.

About Alarm.com

Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.

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