AlarmCom Hldg Inc (NASDAQ:ALRM) Expected to Post Quarterly Sales of $119.06 Million

Wall Street analysts predict that AlarmCom Hldg Inc (NASDAQ:ALRM) will post $119.06 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for AlarmCom’s earnings. The highest sales estimate is $128.63 million and the lowest is $114.22 million. AlarmCom posted sales of $121.66 million in the same quarter last year, which would indicate a negative year over year growth rate of 2.1%. The firm is scheduled to announce its next earnings report on Thursday, August 13th.

According to Zacks, analysts expect that AlarmCom will report full year sales of $527.62 million for the current year, with estimates ranging from $521.33 million to $535.40 million. For the next year, analysts forecast that the company will post sales of $575.74 million, with estimates ranging from $552.56 million to $599.92 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for AlarmCom.

AlarmCom (NASDAQ:ALRM) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $0.42 EPS for the quarter, beating the consensus estimate of $0.34 by $0.08. The business had revenue of $151.90 million for the quarter, compared to the consensus estimate of $125.13 million. AlarmCom had a net margin of 9.84% and a return on equity of 18.82%. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS.

Several analysts have recently commented on the stock. Roth Capital upped their price objective on shares of AlarmCom from $51.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday. Zacks Investment Research downgraded shares of AlarmCom from a “hold” rating to a “sell” rating in a report on Monday, June 8th. BidaskClub raised shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 12th. ValuEngine cut shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Imperial Capital increased their target price on shares of AlarmCom from $57.00 to $59.00 and gave the stock an “outperform” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. AlarmCom currently has an average rating of “Buy” and a consensus target price of $62.38.

Shares of ALRM stock traded down $1.37 during trading hours on Friday, hitting $63.54. The company’s stock had a trading volume of 1,066,400 shares, compared to its average volume of 604,708. The company has a 50 day moving average of $54.08 and a 200 day moving average of $45.98. The stock has a market cap of $3.09 billion, a PE ratio of 59.94, a price-to-earnings-growth ratio of 5.30 and a beta of 1.15. The company has a current ratio of 3.98, a quick ratio of 3.51 and a debt-to-equity ratio of 0.42. AlarmCom has a 12-month low of $32.00 and a 12-month high of $65.02.

In other AlarmCom news, VP Daniel Ramos sold 1,270 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $37.12, for a total transaction of $47,142.40. Following the sale, the vice president now owns 458,724 shares of the company’s stock, valued at $17,027,834.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Crossover Managemen Technology sold 5,616,451 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.05, for a total transaction of $264,254,019.55. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,706,103 shares of company stock worth $268,652,579. 26.00% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its position in shares of AlarmCom by 323,590.2% during the first quarter. FMR LLC now owns 297,795 shares of the software maker’s stock worth $19,327,000 after acquiring an additional 297,703 shares during the last quarter. Rhumbline Advisers grew its position in shares of AlarmCom by 7.0% during the fourth quarter. Rhumbline Advisers now owns 114,481 shares of the software maker’s stock worth $4,919,000 after acquiring an additional 7,462 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of AlarmCom by 2.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,671 shares of the software maker’s stock worth $630,000 after acquiring an additional 400 shares during the last quarter. Swiss National Bank grew its position in shares of AlarmCom by 2.1% during the fourth quarter. Swiss National Bank now owns 69,600 shares of the software maker’s stock worth $2,991,000 after acquiring an additional 1,400 shares during the last quarter. Finally, State Street Corp grew its position in shares of AlarmCom by 1.7% during the fourth quarter. State Street Corp now owns 1,085,054 shares of the software maker’s stock worth $46,625,000 after acquiring an additional 17,831 shares during the last quarter. 97.36% of the stock is currently owned by institutional investors.

AlarmCom 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.

Further Reading: QQQ ETF

Get a free copy of the Zacks research report on AlarmCom (ALRM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.