Equities analysts expect AlarmCom Hldg Inc (NASDAQ:ALRM) to post $99.63 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for AlarmCom’s earnings, with the highest sales estimate coming in at $100.10 million and the lowest estimate coming in at $99.19 million. AlarmCom posted sales of $88.79 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The business is scheduled to report its next earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that AlarmCom will report full year sales of $408.73 million for the current financial year, with estimates ranging from $408.28 million to $409.20 million. For the next financial year, analysts expect that the company will post sales of $440.53 million, with estimates ranging from $435.10 million to $451.96 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for AlarmCom.
AlarmCom (NASDAQ:ALRM) last announced its earnings results on Wednesday, November 7th. The software maker reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.11. AlarmCom had a net margin of 3.50% and a negative return on equity of 73.39%. The company had revenue of $111.85 million during the quarter, compared to the consensus estimate of $96.76 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 24.3% on a year-over-year basis.
ALRM has been the subject of a number of research analyst reports. BidaskClub downgraded shares of AlarmCom from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Maxim Group boosted their target price on shares of AlarmCom from $59.00 to $69.00 and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Bank of America raised shares of AlarmCom to a “buy” rating and boosted their target price for the stock from $55.00 to $65.00 in a research note on Friday, September 14th. Jefferies Financial Group boosted their target price on shares of AlarmCom to $60.00 and gave the stock a “buy” rating in a research note on Thursday, November 8th. Finally, ValuEngine raised shares of AlarmCom from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. AlarmCom presently has a consensus rating of “Buy” and a consensus target price of $55.18.
Shares of NASDAQ ALRM traded down $1.65 during trading on Wednesday, reaching $50.64. The company had a trading volume of 498,752 shares, compared to its average volume of 365,449. AlarmCom has a 52 week low of $33.39 and a 52 week high of $60.20. The company has a market cap of $2.51 billion, a PE ratio of 66.63, a P/E/G ratio of 2.89 and a beta of 1.69.
In related news, insider Jean-Paul Martin sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of $56.68, for a total transaction of $566,800.00. Following the completion of the transaction, the insider now owns 148,004 shares in the company, valued at $8,388,866.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Daniel Ramos sold 50,399 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $56.31, for a total transaction of $2,837,967.69. The disclosure for this sale can be found here. In the last quarter, insiders have sold 244,467 shares of company stock valued at $12,884,446. 37.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of AlarmCom by 3.3% in the first quarter. Principal Financial Group Inc. now owns 225,484 shares of the software maker’s stock valued at $8,510,000 after buying an additional 7,128 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of AlarmCom in the second quarter valued at approximately $246,000. Amalgamated Bank acquired a new position in shares of AlarmCom in the second quarter valued at approximately $200,000. Creative Planning acquired a new position in shares of AlarmCom in the second quarter valued at approximately $233,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of AlarmCom in the second quarter valued at approximately $460,000. Hedge funds and other institutional investors own 94.02% 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.
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