Analysts Expect AlarmCom Hldg Inc (ALRM) Will Announce Quarterly Sales of $84.25 Million

Analysts expect that AlarmCom Hldg Inc (NASDAQ:ALRM) will post $84.25 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for AlarmCom’s earnings, with the lowest sales estimate coming in at $83.30 million and the highest estimate coming in at $87.68 million. AlarmCom reported sales of $69.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 20.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that AlarmCom will report full-year sales of $84.25 million for the current year, with estimates ranging from $333.39 million to $334.75 million. For the next year, analysts expect that the company will report sales of $383.19 million per share, with estimates ranging from $381.20 million to $388.87 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for AlarmCom.

AlarmCom (NASDAQ:ALRM) last announced its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.07. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. The business had revenue of $90.00 million for the quarter, compared to analysts’ expectations of $83.04 million. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year.

Several research firms have commented on ALRM. BidaskClub upgraded shares of AlarmCom from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Jefferies Group upgraded shares of AlarmCom from a “hold” rating to a “buy” rating and decreased their price objective for the company from $44.00 to $43.00 in a research note on Thursday, January 18th. Zacks Investment Research upgraded shares of AlarmCom from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a research note on Monday, January 22nd. Northland Securities set a $51.00 price objective on shares of AlarmCom and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Bank of America increased their price objective on shares of AlarmCom from $46.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday, October 24th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $46.80.

AlarmCom (ALRM) opened at $36.58 on Friday. The company has a debt-to-equity ratio of -0.81, a current ratio of 3.16 and a quick ratio of 2.88. The firm has a market cap of $1,800.76, a PE ratio of 42.44, a P/E/G ratio of 3.12 and a beta of 1.13. AlarmCom has a 1 year low of $26.91 and a 1 year high of $49.49.

In other news, VP Daniel Ramos sold 10,063 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $47.02, for a total transaction of $473,162.26. Following the completion of the sale, the vice president now owns 57,127 shares in the company, valued at approximately $2,686,111.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Hugh Panero sold 16,114 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $37.26, for a total transaction of $600,407.64. Following the sale, the director now owns 58,615 shares of the company’s stock, valued at approximately $2,183,994.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 258,469 shares of company stock valued at $10,948,163. 78.50% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH increased its stake in shares of AlarmCom by 7.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 99,725 shares of the software maker’s stock worth $4,505,000 after purchasing an additional 6,826 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of AlarmCom during the 3rd quarter worth approximately $3,269,000. Schwab Charles Investment Management Inc. increased its stake in shares of AlarmCom by 42.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,664 shares of the software maker’s stock worth $2,283,000 after purchasing an additional 18,204 shares during the last quarter. Pictet Asset Management Ltd. purchased a new stake in shares of AlarmCom during the 3rd quarter worth approximately $19,427,000. Finally, Bank of New York Mellon Corp increased its stake in shares of AlarmCom by 5.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 383,005 shares of the software maker’s stock worth $17,305,000 after purchasing an additional 18,941 shares during the last quarter. Institutional investors own 83.25% of the company’s stock.

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AlarmCom 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.

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Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

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