Analysts forecast that AlarmCom Hldg Inc (NASDAQ:ALRM) will post $96.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued 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 announce its next earnings results after the market closes on Wednesday, November 7th.
According to Zacks, analysts expect that AlarmCom will report full-year sales of $390.69 million for the current financial year, with estimates ranging from $389.21 million to $396.62 million. For the next year, analysts expect that the firm will post sales of $438.20 million, with estimates ranging from $429.41 million to $456.51 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow AlarmCom.
AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Tuesday, August 7th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.12. The company had revenue of $104.49 million during the quarter, compared to analysts’ expectations of $94.72 million. AlarmCom had a negative return on equity of 64.90% and a net margin of 9.75%.
ALRM stock traded down $1.74 during mid-day trading on Thursday, reaching $45.09. The company’s stock had a trading volume of 854,126 shares, compared to its average volume of 628,181. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 43.78, a PEG ratio of 2.63 and a beta of 1.33. 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 fifty-two week low of $33.39 and a fifty-two week high of $60.20.
In other news, Director Hugh Panero sold 1,115 shares of the business’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $56.75, for a total transaction of $63,276.25. Following the transaction, the director now directly owns 4,835 shares in the company, valued at $274,386.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Daniel Ramos sold 70,299 shares of the business’s stock in a transaction dated Wednesday, September 12th. The stock was 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 90 days, insiders sold 324,245 shares of company stock worth $17,998,456. 37.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in ALRM. BlackRock Inc. boosted its holdings in AlarmCom by 25.5% during the second quarter. BlackRock Inc. now owns 3,737,921 shares of the software maker’s stock worth $150,936,000 after buying an additional 758,513 shares in the last quarter. Eagle Asset Management Inc. bought a new position in AlarmCom during the second quarter valued at approximately $29,999,000. Carillon Tower Advisers Inc. bought a new position in AlarmCom during the second quarter valued at approximately $26,184,000. Riverbridge Partners LLC raised its position in AlarmCom by 26.3% during the third quarter. Riverbridge Partners LLC now owns 1,517,237 shares of the software maker’s stock valued at $87,089,000 after acquiring an additional 315,895 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new position in AlarmCom during the second quarter valued at approximately $12,503,000. 96.68% of the stock is currently owned by hedge funds and other institutional investors.
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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