AlarmCom Hldg Inc (NASDAQ:ALRM) Expected to Post Earnings of $0.32 Per Share

Equities analysts forecast that AlarmCom Hldg Inc (NASDAQ:ALRM) will post earnings of $0.32 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for AlarmCom’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.30. AlarmCom posted earnings of $0.34 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.9%. The company is scheduled to report its next earnings report on Tuesday, August 6th.

On average, analysts expect that AlarmCom will report full year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.36 to $1.42. For the next fiscal year, analysts forecast that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.48 to $1.64. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow AlarmCom.

AlarmCom (NASDAQ:ALRM) last released its quarterly earnings results on Thursday, May 9th. The software maker reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.03. AlarmCom had a net margin of 4.55% and a negative return on equity of 86.44%. The company had revenue of $112.34 million during the quarter, compared to the consensus estimate of $102.35 million. During the same period in the prior year, the firm earned $0.34 earnings per share. AlarmCom’s revenue was up 21.1% on a year-over-year basis.

ALRM has been the subject of a number of analyst reports. First Analysis downgraded shares of ChannelAdvisor from a “strong-buy” rating to an “outperform” rating and set a $10.02 target price for the company. in a research note on Friday, May 10th. Jefferies Financial Group reiterated a “buy” rating on shares of Aberdeen Indonesia Fund in a research report on Monday, May 13th. Bank of America reiterated a “buy” rating and issued a $143.00 target price on shares of Xilinx in a research report on Friday, May 3rd. Roth Capital reduced their target price on shares of AlarmCom from $73.00 to $55.00 in a research report on Tuesday. Finally, Imperial Capital reiterated an “outperform” rating and issued a $67.00 target price (down from $70.00) on shares of Penn Virginia in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $66.27.

In related news, CFO Steve Valenzuela sold 1,083 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $57.99, for a total transaction of $62,803.17. Following the completion of the sale, the chief financial officer now directly owns 41,632 shares in the company, valued at $2,414,239.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Stephen Trundle sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $67.63, for a total transaction of $1,352,600.00. Following the sale, the insider now owns 242,443 shares of the company’s stock, valued at $16,396,420.09. The disclosure for this sale can be found here. Insiders sold 24,388 shares of company stock valued at $1,622,184 over the last quarter. Company insiders own 26.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ALRM. Signaturefd LLC boosted its position in shares of AlarmCom by 125.0% during the 1st quarter. Signaturefd LLC now owns 450 shares of the software maker’s stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of AlarmCom during the first quarter valued at $34,000. Manchester Capital Management LLC boosted its stake in AlarmCom by 151.3% during the first quarter. Manchester Capital Management LLC now owns 691 shares of the software maker’s stock valued at $45,000 after buying an additional 416 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in AlarmCom during the first quarter valued at about $109,000. Finally, Cim LLC bought a new position in AlarmCom during the first quarter valued at about $201,000. Hedge funds and other institutional investors own 93.32% of the company’s stock.

ALRM stock traded up $1.50 during trading on Friday, reaching $52.76. The company had a trading volume of 15,490 shares, compared to its average volume of 356,099. AlarmCom has a 52 week low of $40.92 and a 52 week high of $71.50. The stock has a market cap of $2.45 billion, a P/E ratio of 40.27, a P/E/G ratio of 3.85 and a beta of 1.39. The business’s 50 day moving average price is $53.65.

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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Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

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