Analysts Anticipate AlarmCom Hldg Inc (NASDAQ:ALRM) Will Post Quarterly Sales of $119.06 Million

Wall Street brokerages expect that AlarmCom Hldg Inc (NASDAQ:ALRM) will report sales of $119.06 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for AlarmCom’s earnings, with the lowest sales estimate coming in at $114.22 million and the highest estimate coming in at $128.63 million. AlarmCom posted sales of $121.66 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.1%. The firm is scheduled to report its next quarterly earnings results 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 firm will report sales of $575.74 million, with estimates ranging from $552.56 million to $599.92 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow AlarmCom.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. AlarmCom had a net margin of 9.84% and a return on equity of 18.82%. The company had revenue of $151.90 million for the quarter, compared to analysts’ expectations of $125.13 million. During the same quarter in the previous year, the firm posted $0.34 EPS. AlarmCom’s revenue was up 35.3% on a year-over-year basis.

A number of research firms recently weighed in on ALRM. Maxim Group reiterated a “buy” rating and issued a $79.00 price objective on shares of AlarmCom in a research note on Saturday, May 9th. Northland Securities reiterated a “buy” rating and issued a $65.00 price objective on shares of AlarmCom in a research note on Monday, April 13th. BidaskClub upgraded shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Zacks Investment Research lowered shares of AlarmCom from a “hold” rating to a “sell” rating in a research note on Monday, June 8th. Finally, ValuEngine lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $62.38.

AlarmCom stock traded down $1.37 during mid-day trading on Friday, reaching $63.54. The company’s stock had a trading volume of 1,066,400 shares, compared to its average volume of 604,708. AlarmCom has a 12-month low of $32.00 and a 12-month high of $65.02. The company has a market capitalization of $3.09 billion, a P/E ratio of 59.94, a PEG ratio of 5.30 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.51 and a current ratio of 3.98. The firm’s fifty day moving average price is $54.08 and its two-hundred day moving average price is $45.98.

In other news, VP Daniel Ramos sold 2,834 shares of AlarmCom stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $62.17, for a total transaction of $176,189.78. Following the completion of the sale, the vice president now directly owns 39,769 shares of the company’s stock, valued at approximately $2,472,438.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Hugh Panero sold 20,000 shares of AlarmCom stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $58.59, for a total transaction of $1,171,800.00. Following the sale, the director now directly owns 30,139 shares of the company’s stock, valued at $1,765,844.01. The disclosure for this sale can be found here. Insiders have sold a total of 5,706,103 shares of company stock valued at $268,652,579 over the last 90 days. Company insiders own 26.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of AlarmCom by 8.9% during the 1st quarter. State Street Corp now owns 1,181,196 shares of the software maker’s stock worth $45,960,000 after acquiring an additional 96,142 shares during the last quarter. Royal Bank of Canada lifted its stake in AlarmCom by 72.3% in the first quarter. Royal Bank of Canada now owns 44,984 shares of the software maker’s stock worth $1,750,000 after purchasing an additional 18,880 shares during the last quarter. State of Tennessee Treasury Department lifted its stake in AlarmCom by 11.7% in the first quarter. State of Tennessee Treasury Department now owns 23,140 shares of the software maker’s stock worth $900,000 after purchasing an additional 2,416 shares during the last quarter. FDx Advisors Inc. bought a new stake in AlarmCom in the first quarter worth $32,000. Finally, Cim Investment Mangement Inc. bought a new stake in AlarmCom in the first quarter worth $233,000. 97.36% of the stock is owned by institutional investors.

About AlarmCom

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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Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

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