Brokerages Anticipate AlarmCom Hldg Inc (NASDAQ:ALRM) Will Announce Earnings of $0.31 Per Share

Analysts predict that AlarmCom Hldg Inc (NASDAQ:ALRM) will announce earnings of $0.31 per share for the current quarter, according to Zacks. Six analysts have made estimates for AlarmCom’s earnings, with estimates ranging from $0.26 to $0.41. AlarmCom reported earnings of $0.40 per share during the same quarter last year, which would indicate a negative year over year growth rate of 22.5%. The business is scheduled to report its next earnings results on Thursday, August 13th.

On average, analysts expect that AlarmCom will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.50. For the next financial year, analysts expect that the business will post earnings of $1.58 per share, with EPS estimates ranging from $1.46 to $1.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover AlarmCom.

AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $0.42 earnings per share for the quarter, beating 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 firm had revenue of $151.90 million for the quarter, compared to analyst estimates of $125.13 million. During the same period last year, the firm posted $0.34 EPS. AlarmCom’s quarterly revenue was up 35.3% on a year-over-year basis.

Several brokerages have commented on ALRM. Northland Securities restated a “buy” rating and set a $65.00 target price on shares of AlarmCom in a research report on Monday, April 13th. BidaskClub upgraded shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Raymond James decreased their target price on shares of AlarmCom from $65.00 to $55.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, May 6th. Zacks Investment Research lowered shares of AlarmCom from a “hold” rating to a “sell” rating in a research report on Monday, June 8th. Finally, Roth Capital boosted their target price on shares of AlarmCom from $51.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. AlarmCom currently has a consensus rating of “Buy” and a consensus price target of $62.38.

In other news, insider Crossover Managemen Technology sold 5,616,451 shares of AlarmCom stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel Ramos sold 2,834 shares of AlarmCom stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $62.17, for a total value of $176,189.78. Following the transaction, the vice president now directly owns 39,769 shares of the company’s stock, valued at approximately $2,472,438.73. 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 in the last ninety days. Corporate insiders own 26.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. FDx Advisors Inc. acquired a new position in AlarmCom in the 1st quarter valued at about $32,000. Harvest Fund Management Co. Ltd acquired a new position in AlarmCom in the 1st quarter valued at about $62,000. Mutual of America Capital Management LLC raised its stake in AlarmCom by 24.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 1,601 shares of the software maker’s stock valued at $62,000 after purchasing an additional 312 shares during the last quarter. Pearl River Capital LLC acquired a new position in AlarmCom in the 1st quarter valued at about $65,000. Finally, Fifth Third Bancorp raised its stake in AlarmCom by 23.8% in the 1st quarter. Fifth Third Bancorp now owns 1,876 shares of the software maker’s stock valued at $73,000 after purchasing an additional 361 shares during the last quarter. 97.36% of the stock is owned by hedge funds and other institutional investors.

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

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.

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Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

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