Alarm.com Holdings, Inc. (ALRM) Issues FY17 Earnings Guidance
Alarm.com Holdings, Inc. (NASDAQ:ALRM) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $0.96-0.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76. The company issued revenue guidance of $326.3-327.8 million, compared to the consensus revenue estimate of $325.74 million.
A number of brokerages have issued reports on ALRM. Stifel Nicolaus reaffirmed a hold rating and set a $29.00 price target on shares of Alarm.com Holdings in a research note on Tuesday, July 25th. Maxim Group increased their price target on Alarm.com Holdings from $42.00 to $44.00 and gave the company a buy rating in a research note on Wednesday, July 26th. BidaskClub lowered Alarm.com Holdings from a strong-buy rating to a buy rating in a research note on Sunday, July 16th. Imperial Capital increased their price target on Alarm.com Holdings from $36.00 to $40.00 and gave the company an outperform rating in a research note on Thursday, June 15th. Finally, Northland Securities began coverage on Alarm.com Holdings in a research note on Friday, June 9th. They set an outperform rating and a $41.00 price target for the company. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $36.67.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) traded up 0.74% during midday trading on Tuesday, hitting $39.51. The stock had a trading volume of 674,692 shares. The company has a market cap of $1.83 billion, a P/E ratio of 171.78 and a beta of 1.52. The stock’s 50-day moving average is $37.29 and its 200-day moving average is $32.45. Alarm.com Holdings, Inc. has a one year low of $24.52 and a one year high of $40.01.
Alarm.com Holdings (NASDAQ:ALRM) last issued its earnings results on Tuesday, May 9th. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.15 by $0.08. The company had revenue of $74.20 million during the quarter, compared to analysts’ expectations of $69.70 million. Alarm.com Holdings had a net margin of 4.12% and a negative return on equity of 27.71%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. Equities analysts predict that Alarm.com Holdings, Inc. will post $0.76 EPS for the current fiscal year.
In other Alarm.com Holdings news, VP Daniel Ramos sold 40,000 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $32.40, for a total transaction of $1,296,000.00. Following the completion of the sale, the vice president now owns 162,404 shares in the company, valued at approximately $5,261,889.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David Hutz sold 3,500 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $31.59, for a total transaction of $110,565.00. Following the sale, the insider now owns 141,522 shares of the company’s stock, valued at approximately $4,470,679.98. The disclosure for this sale can be found here. Insiders have sold a total of 147,277 shares of company stock valued at $5,160,799 in the last quarter. Corporate insiders own 46.80% of the company’s stock.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
Receive News & Ratings for Alarm.com Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alarm.com Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.