Alarm.com (ALRM) to Release Earnings on Thursday

Alarm.com (NASDAQ:ALRM) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Alarm.com to post earnings of $0.49 per share for the quarter. Alarm.com has set its FY24 guidance at $2.06-2.07 EPS and its FY 2024 guidance at 2.060-2.070 EPS.Investors that wish to register for the company’s conference call can do so using this link.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business had revenue of $233.80 million for the quarter, compared to analyst estimates of $227.35 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts expect Alarm.com to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alarm.com Price Performance

Shares of NASDAQ ALRM opened at $56.00 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70. The company has a market cap of $2.76 billion, a PE ratio of 27.86, a P/E/G ratio of 3.22 and a beta of 0.90. The stock has a fifty day moving average price of $54.80 and a 200 day moving average price of $61.44. Alarm.com has a 1-year low of $51.05 and a 1-year high of $77.29.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Alarm.com in a report on Tuesday. They issued a “buy” rating and a $65.00 target price on the stock. Barclays lowered their price objective on Alarm.com from $72.00 to $60.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Roth Mkm cut their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group began coverage on Alarm.com in a report on Friday, September 6th. They issued a “neutral” rating and a $64.00 target price for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alarm.com currently has a consensus rating of “Hold” and an average target price of $66.40.

Insider Buying and Selling

In related news, CFO Steve Valenzuela sold 7,400 shares of Alarm.com stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total transaction of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at approximately $2,260,125. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel Ramos sold 9,476 shares of Alarm.com stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $61.81, for a total transaction of $585,711.56. Following the transaction, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.