Wall Street brokerages expect that Alarm.com Holdings, Inc. (NASDAQ:ALRM) will post sales of $83.38 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Alarm.com Holdings’ earnings, with estimates ranging from $81.60 million to $86.89 million. Alarm.com Holdings posted sales of $67.85 million in the same quarter last year, which would indicate a positive year over year growth rate of 22.9%. The company is expected to announce its next earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that Alarm.com Holdings will report full-year sales of $83.38 million for the current financial year, with estimates ranging from $327.30 million to $334.75 million. For the next year, analysts anticipate that the company will report sales of $380.08 million per share, with estimates ranging from $373.40 million to $388.87 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Alarm.com Holdings.
Alarm.com Holdings (NASDAQ:ALRM) last announced its quarterly earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.14. The company had revenue of $86.00 million for the quarter, compared to analysts’ expectations of $81.05 million. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share.
Several equities research analysts have recently weighed in on the stock. Roth Capital reiterated a “buy” rating and set a $48.00 price objective on shares of Alarm.com Holdings in a research report on Friday, September 8th. Northland Securities set a $45.00 price objective on shares of Alarm.com Holdings and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Bank of America Corporation increased their price objective on shares of Alarm.com Holdings from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub cut shares of Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $29.00 price objective on shares of Alarm.com Holdings in a research report on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $43.70.
In other Alarm.com Holdings news, insider David Hutz sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $37.43, for a total value of $131,005.00. Following the completion of the sale, the insider now directly owns 127,522 shares in the company, valued at $4,773,148.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephen Trundle sold 78,542 shares of the firm’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $45.25, for a total transaction of $3,554,025.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 370,942 shares of company stock valued at $15,995,942. 46.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of ALRM. Victory Capital Management Inc. grew its holdings in Alarm.com Holdings by 40.8% in the first quarter. Victory Capital Management Inc. now owns 3,583 shares of the software maker’s stock worth $110,000 after purchasing an additional 1,039 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Alarm.com Holdings by 95.8% in the second quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after purchasing an additional 2,033 shares during the period. Legal & General Group Plc grew its holdings in Alarm.com Holdings by 57.4% in the second quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after purchasing an additional 1,673 shares during the period. American International Group Inc. grew its holdings in Alarm.com Holdings by 7.1% in the first quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after purchasing an additional 422 shares during the period. Finally, Blueport Capital L.P. acquired a new stake in Alarm.com Holdings in the first quarter worth $221,000. Institutional investors and hedge funds own 84.05% of the company’s stock.
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Alarm.com Holdings (NASDAQ ALRM) opened at 48.14 on Wednesday. The stock’s 50 day moving average is $45.76 and its 200-day moving average is $45.76. Alarm.com Holdings has a 12 month low of $26.68 and a 12 month high of $48.98. The company has a market capitalization of $2.25 billion, a PE ratio of 123.12 and a beta of 1.45.
Alarm.com Holdings Company Profile
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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