$ 207.69 Million in Sales Expected for Alarm.com Holdings, Inc. (NASDAQ: ALRM) This Quarter


Brokerages expect that Alarm.com Holdings, Inc. (NASDAQ: ALRM – Get Rating) will report $ 207.69 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Alarm.com’s earnings, with the highest sales estimate coming in at $ 210.28 million and the lowest estimate coming in at $ 205.27 million. Alarm.com reported sales of $ 188.86 million in the same quarter last year, which indicates a positive year-over-year growth rate of 10%. The business is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Alarm.com will report full year sales of $ 836.68 million for the current fiscal year, with estimates ranging from $ 816.25 million to $ 853.20 million. For the next financial year, analysts expect that the firm will report sales of $ 905.08 million, with estimates ranging from $ 890.49 million to $ 928.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that provide coverage for Alarm.com.

Alarm.com (NASDAQ: ALRM – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The software maker reported $ 0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $ 0.33 by $ 0.06. Alarm.com had a net margin of 5.95% and a return on equity of 11.71%. The firm had revenue of $ 205.40 million for the quarter, compared to analyst estimates of $ 192.02 million. During the same period last year, the firm earned $ 0.38 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year.

ALRM has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Alarm.com in a report on Wednesday, April 20th. They set a “buy” rating and a $ 75.00 price objective for the company. Barclays decreased their objective price on shares of Alarm.com from $ 70.00 to $ 63.00 in a report on Monday, May 9th. Raymond James reduced their price objective on shares of Alarm.com from $ 120.00 to $ 85.00 and set a “strong-buy” rating for the company in a report on Friday, February 25th. StockNews.com downgraded shares of Alarm.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Finally, Zacks Investment Research downgraded shares of Alarm.com from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $ 89.67.

In other news, VP Daniel Ramos sold 1,998 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The shares were sold at an average price of $ 67.84, for a total value of $ 135,544.32. Following the completion of the sale, the vice president now directly owns 32,502 shares in the company, valued at approximately $ 2,204,935.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Trundle sold 5,305 shares of the business’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $ 67.84, for a total transaction of $ 359,891.20. Following the completion of the sale, the chief executive officer now owns 204,539 shares of the company’s stock, valued at $ 13,875,925.76. The disclosure for this sale can be found here. In the last ninety days, insiders had sold 11,451 shares of company stock valued at $ 776,836. 6.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in ALRM. FMR LLC lifted its holdings in shares of Alarm.com by 323,590.2% in the 1st quarter. FMR LLC now owns 297,795 shares of the software maker’s stock worth $ 19,327,000 after acquiring an additional 297,703 shares during the last quarter. Deutsche Bank AG raised its holdings in Alarm.com by 3.4% during the 3rd quarter. Deutsche Bank AG now owns 39,772 shares of the software maker’s stock valued at $ 3,110,000 after buying an additional 1,295 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in Alarm.com by 29.7% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,927 shares of the software maker’s stock valued at $ 387,000 after buying an additional 1,128 shares during the last quarter. Swiss National Bank raised its holdings in Alarm.com by 0.6% during the 3rd quarter. Swiss National Bank now owns 104,400 shares of the software maker’s stock valued at $ 8,163,000 after buying an additional 600 shares during the last quarter. Finally, Mackenzie Financial Corp. bought a new stake in Alarm.com during the 3rd quarter valued at $ 216,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

NASDAQ ALRM opened at $ 59.10 on Monday. Alarm.com has a 52-week low of $ 54.99 and a 52-week high of $ 94.45. The company has a 50-day simple moving average of $ 62.83 and a 200-day simple moving average of $ 72.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 7.46 and a current ratio of 8.27. The company has a market capitalization of $ 2.96 billion, a PE ratio of 65.67, a price-to-earnings-growth ratio of 3.25 and a beta of 1.21.

About Alarm.com (Get Rating)

Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, Internet of Things, thermostats, and video cameras; and video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

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