Zacks: Brokerages Expect AlarmCom Hldg Inc (ALRM) Will Post Earnings of $0.24 Per Share

Brokerages forecast that AlarmCom Hldg Inc (NASDAQ:ALRM) will post earnings of $0.24 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for AlarmCom’s earnings, with estimates ranging from $0.23 to $0.25. AlarmCom reported earnings of $0.26 per share during the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, February 28th.

According to Zacks, analysts expect that AlarmCom will report full year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.29. For the next fiscal year, analysts forecast that the firm will post earnings of $1.38 per share, with EPS estimates ranging from $1.18 to $1.51. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow AlarmCom.

Several research firms have weighed in on ALRM. ValuEngine lowered AlarmCom from a “buy” rating to a “hold” rating in a research report on Wednesday, October 24th. Imperial Capital raised AlarmCom from an “in-line” rating to an “outperform” rating and lowered their price target for the stock from $60.00 to $58.00 in a research report on Tuesday, November 13th. Raymond James boosted their price target on AlarmCom from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Thursday, November 8th. BidaskClub lowered AlarmCom from a “buy” rating to a “hold” rating in a research report on Thursday, December 20th. Finally, Zacks Investment Research raised AlarmCom from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $55.55.

Shares of NASDAQ:ALRM remained flat at $$65.01 during trading on Friday. The company’s stock had a trading volume of 287,887 shares, compared to its average volume of 553,531. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 85.54, a price-to-earnings-growth ratio of 3.35 and a beta of 1.48. AlarmCom has a 52-week low of $33.39 and a 52-week high of $65.58.

In related news, CFO Steve Valenzuela sold 1,084 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $63.05, for a total transaction of $68,346.20. Following the transaction, the chief financial officer now directly owns 29,133 shares of the company’s stock, valued at approximately $1,836,835.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen Trundle sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $55.42, for a total value of $1,662,600.00. Following the transaction, the insider now directly owns 218,514 shares in the company, valued at $12,110,045.88. The disclosure for this sale can be found here. Insiders have sold a total of 82,221 shares of company stock worth $4,400,514 over the last three months. 37.10% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of ALRM. Dimensional Fund Advisors LP acquired a new position in shares of AlarmCom during the 2nd quarter worth approximately $12,503,000. Voya Investment Management LLC increased its holdings in shares of AlarmCom by 22.0% during the 2nd quarter. Voya Investment Management LLC now owns 11,291 shares of the software maker’s stock worth $456,000 after acquiring an additional 2,037 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of AlarmCom by 37.2% during the 2nd quarter. California Public Employees Retirement System now owns 35,165 shares of the software maker’s stock worth $1,420,000 after acquiring an additional 9,536 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of AlarmCom by 16.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 404,139 shares of the software maker’s stock worth $16,319,000 after acquiring an additional 56,715 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of AlarmCom by 30.6% during the 2nd quarter. Northern Trust Corp now owns 458,800 shares of the software maker’s stock worth $18,526,000 after acquiring an additional 107,491 shares during the last quarter. 97.54% of the stock is currently owned by institutional investors and hedge funds.

About AlarmCom

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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