Analysts predict that AlarmCom Hldg Inc (NASDAQ:ALRM) will report $96.81 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for AlarmCom’s earnings, with the highest sales estimate coming in at $99.78 million and the lowest estimate coming in at $95.78 million. AlarmCom posted sales of $89.96 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The company is scheduled to issue its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that AlarmCom will report full-year sales of $390.69 million for the current fiscal year, with estimates ranging from $389.21 million to $396.62 million. For the next financial year, analysts expect that the company will post sales of $438.20 million per share, with estimates ranging from $429.41 million to $456.51 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover AlarmCom.
AlarmCom (NASDAQ:ALRM) last issued its earnings results on Tuesday, August 7th. The software maker reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. AlarmCom had a net margin of 9.75% and a negative return on equity of 64.90%. The company had revenue of $104.49 million for the quarter, compared to the consensus estimate of $94.72 million.
Several brokerages recently commented on ALRM. Imperial Capital reaffirmed an “in-line” rating and issued a $60.00 target price (up from $45.00) on shares of AlarmCom in a research note on Thursday, August 23rd. Credit Suisse Group reaffirmed an “outperform” rating on shares of AlarmCom in a research note on Friday, August 17th. Zacks Investment Research raised shares of AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Monday, August 13th. ValuEngine raised shares of AlarmCom from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, Roth Capital lifted their target price on shares of AlarmCom from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $52.08.
Shares of NASDAQ ALRM opened at $57.51 on Friday. The company has a current ratio of 4.25, a quick ratio of 3.93 and a debt-to-equity ratio of -1.08. AlarmCom has a 52 week low of $33.39 and a 52 week high of $59.05. The firm has a market capitalization of $2.70 billion, a P/E ratio of 75.67, a PEG ratio of 3.30 and a beta of 1.33.
In other AlarmCom news, insider Daniel Kerzner sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $49.66, for a total transaction of $496,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Daniel Ramos sold 70,299 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $56.47, for a total transaction of $3,969,784.53. The disclosure for this sale can be found here. Over the last three months, insiders have sold 344,923 shares of company stock worth $18,922,805. Insiders own 37.10% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Shaker Investments LLC OH purchased a new position in AlarmCom during the 2nd quarter valued at $971,000. Legal & General Group Plc increased its position in AlarmCom by 4.6% during the 1st quarter. Legal & General Group Plc now owns 50,964 shares of the software maker’s stock valued at $1,906,000 after purchasing an additional 2,242 shares during the period. Teacher Retirement System of Texas purchased a new position in AlarmCom during the 2nd quarter valued at $251,000. New York State Common Retirement Fund increased its position in AlarmCom by 787.6% during the 1st quarter. New York State Common Retirement Fund now owns 248,021 shares of the software maker’s stock valued at $9,360,000 after purchasing an additional 220,077 shares during the period. Finally, Intrust Bank NA purchased a new position in AlarmCom during the 2nd quarter valued at $315,000. 96.04% of the stock is currently owned by institutional investors and hedge funds.
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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