Analysts predict that AlarmCom Hldg Inc (NASDAQ:ALRM) will announce $0.27 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for AlarmCom’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.29. AlarmCom posted earnings per share of $0.26 in the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The company is expected to announce its next quarterly earnings report on Tuesday, February 26th.
On average, analysts expect that AlarmCom will report full year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.24. For the next financial year, analysts forecast that the firm will post earnings of $1.39 per share, with EPS estimates ranging from $1.33 to $1.49. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover AlarmCom.
AlarmCom (NASDAQ:ALRM) last posted its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.11. AlarmCom had a net margin of 9.75% and a negative return on equity of 64.90%. The firm had revenue of $111.85 million during the quarter, compared to analyst estimates of $96.76 million. During the same quarter last year, the business posted $0.27 EPS. The company’s revenue was up 24.3% on a year-over-year basis.
A number of brokerages have issued reports on ALRM. Imperial Capital reissued an “in-line” rating and set a $60.00 target price (up previously from $45.00) on shares of AlarmCom in a research note on Thursday, August 23rd. Credit Suisse Group lifted their target price on shares of AlarmCom from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 8th. Stifel Nicolaus lifted their target price on shares of AlarmCom from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Wednesday, August 8th. ValuEngine lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Finally, Roth Capital lifted their target price on shares of AlarmCom from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $55.00.
Shares of NASDAQ:ALRM opened at $47.27 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 62.20, a P/E/G ratio of 2.67 and a beta of 1.67. AlarmCom has a 12-month low of $33.39 and a 12-month high of $60.20.
In other news, insider Crossover Managemen Technology sold 172,032 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $55.23, for a total transaction of $9,501,327.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steve Valenzuela sold 15,000 shares of the firm’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $48.77, for a total transaction of $731,550.00. Following the transaction, the chief financial officer now owns 42,774 shares in the company, valued at approximately $2,086,087.98. The disclosure for this sale can be found here. Insiders have sold a total of 334,245 shares of company stock worth $18,458,406 in the last 90 days. 37.10% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in ALRM. Legal & General Group Plc raised its holdings in shares of 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 in the last quarter. Principal Financial Group Inc. raised its holdings in shares of AlarmCom by 3.3% during the 1st quarter. Principal Financial Group Inc. now owns 225,484 shares of the software maker’s stock valued at $8,510,000 after purchasing an additional 7,128 shares in the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of AlarmCom during the 2nd quarter valued at $246,000. SG Capital Management LLC bought a new position in shares of AlarmCom during the 2nd quarter valued at $4,806,000. Finally, Bank of Montreal Can raised its holdings in shares of AlarmCom by 49.4% during the 2nd quarter. Bank of Montreal Can now owns 300,203 shares of the software maker’s stock valued at $12,123,000 after purchasing an additional 99,315 shares in the last quarter. Institutional investors and hedge funds own 96.99% of the company’s stock.
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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