Equities research analysts forecast that AlarmCom Hldg Inc (NASDAQ:ALRM) will announce earnings of $0.25 per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for AlarmCom’s earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.24. AlarmCom posted earnings per share of $0.27 during the same quarter last year, which would indicate a negative year-over-year growth rate of 7.4%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, November 7th.
On average, analysts expect that AlarmCom will report full-year earnings of $1.21 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.24. For the next financial year, analysts forecast that the company 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 a mean average based on a survey of sell-side research firms that cover AlarmCom.
AlarmCom (NASDAQ:ALRM) last released its earnings results on Tuesday, August 7th. The software maker reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. The company had revenue of $104.49 million during the quarter, compared to analyst estimates of $94.72 million. AlarmCom had a negative return on equity of 64.90% and a net margin of 9.75%.
Several brokerages have weighed in on ALRM. Bank of America raised AlarmCom to a “buy” rating and increased their price objective for the company from $55.00 to $65.00 in a report on Friday, September 14th. Imperial Capital reissued an “in-line” rating and set a $60.00 price objective (up from $45.00) on shares of AlarmCom in a report on Thursday, August 23rd. Credit Suisse Group reissued an “outperform” rating on shares of AlarmCom in a report on Friday, August 17th. Maxim Group increased their price objective on AlarmCom from $59.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, September 18th. Finally, Zacks Investment Research raised AlarmCom from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Monday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $53.75.
ALRM stock opened at $46.83 on Tuesday. The company has a market capitalization of $2.31 billion, a PE ratio of 61.62, a price-to-earnings-growth ratio of 2.82 and a beta of 1.33. 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 12-month low of $33.39 and a 12-month high of $60.20.
In other AlarmCom news, Director Hugh Panero sold 1,115 shares of the stock in a transaction on Friday, September 14th. The stock was sold at an average price of $56.75, for a total transaction of $63,276.25. Following the sale, the director now owns 4,835 shares in the company, valued at $274,386.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel Kerzner sold 10,000 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $54.01, for a total value of $540,100.00. Following the sale, the insider now owns 33,969 shares in the company, valued at approximately $1,834,665.69. The disclosure for this sale can be found here. Over the last three months, insiders have sold 324,245 shares of company stock valued at $17,998,456. 37.10% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of 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 acquiring an additional 758,513 shares in the last quarter. Riverbridge Partners LLC lifted its position in shares of AlarmCom by 26.3% during the third quarter. Riverbridge Partners LLC now owns 1,517,237 shares of the software maker’s stock worth $87,089,000 after acquiring an additional 315,895 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of AlarmCom by 21.6% during the second quarter. Brown Advisory Inc. now owns 1,066,141 shares of the software maker’s stock worth $43,050,000 after acquiring an additional 189,032 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of AlarmCom by 21.7% during the second quarter. Janus Henderson Group PLC now owns 830,856 shares of the software maker’s stock worth $33,550,000 after acquiring an additional 148,416 shares in the last quarter. Finally, Standard Life Aberdeen plc lifted its position in shares of AlarmCom by 40.9% during the second quarter. Standard Life Aberdeen plc now owns 774,408 shares of the software maker’s stock worth $31,282,000 after acquiring an additional 224,866 shares in the last quarter. Hedge funds and other institutional investors own 96.68% of the company’s stock.
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.
Further Reading: NASDAQ
Get a free copy of the Zacks research report on AlarmCom (ALRM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.