Analysts predict that AlarmCom Hldg Inc (NASDAQ:ALRM) will report earnings per share of $0.25 for the current quarter, Zacks reports. Seven analysts have made estimates for AlarmCom’s earnings. The highest EPS estimate is $0.27 and the lowest is $0.24. AlarmCom posted earnings of $0.27 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7.4%. The business is expected to issue its next quarterly earnings results on Wednesday, November 14th.
On average, analysts expect that AlarmCom will report full year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.24. For the next fiscal 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 Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for AlarmCom.
AlarmCom (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 7th. The software maker reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. AlarmCom had a net margin of 9.75% and a negative return on equity of 64.90%. The company had revenue of $104.49 million for the quarter, compared to analyst estimates of $94.72 million.
A number of equities research analysts recently weighed in on the stock. ValuEngine lowered shares of AlarmCom from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. BidaskClub upgraded shares of AlarmCom from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 30th. Stifel Nicolaus upped their target price on shares of AlarmCom from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. Goldman Sachs Group lowered shares of AlarmCom from a “neutral” rating to a “sell” rating in a report on Wednesday, June 27th. Finally, Roth Capital upped their target price on shares of AlarmCom from $51.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $52.92.
In other AlarmCom news, insider Crossover Managemen Technology sold 172,032 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $55.23, for a total value of $9,501,327.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel Kerzner sold 10,000 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $49.66, for a total transaction of $496,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 322,730 shares of company stock valued at $17,912,580. Company insiders own 37.10% of the company’s stock.
Large investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in shares of AlarmCom by 27.7% during the 1st quarter. Wells Fargo & Company MN now owns 436,266 shares of the software maker’s stock worth $16,465,000 after purchasing an additional 94,737 shares during the last quarter. Rhumbline Advisers increased its stake in shares of AlarmCom by 33.7% during the 1st quarter. Rhumbline Advisers now owns 54,430 shares of the software maker’s stock worth $2,054,000 after purchasing an additional 13,711 shares during the last quarter. Comerica Bank purchased a new stake in shares of AlarmCom during the 1st quarter worth approximately $1,101,000. Virginia Retirement Systems ET AL purchased a new stake in shares of AlarmCom during the 1st quarter worth approximately $1,261,000. Finally, Victory Capital Management Inc. increased its stake in shares of AlarmCom by 28.4% during the 1st quarter. Victory Capital Management Inc. now owns 6,024 shares of the software maker’s stock worth $227,000 after purchasing an additional 1,334 shares during the last quarter. Hedge funds and other institutional investors own 96.04% of the company’s stock.
Shares of ALRM traded down $1.58 on Wednesday, reaching $54.88. The company’s stock had a trading volume of 34,462 shares, compared to its average volume of 563,165. The company has a debt-to-equity ratio of -1.08, a current ratio of 4.25 and a quick ratio of 3.93. AlarmCom has a twelve month low of $33.39 and a twelve month high of $59.05. The firm has a market capitalization of $2.74 billion, a PE ratio of 74.29, a P/E/G ratio of 3.35 and a beta of 1.33.
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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