Alarm.com (ALRM) Set to Announce Quarterly Earnings on Thursday

Alarm.com (NASDAQ:ALRMGet Rating) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 5th. Analysts expect Alarm.com to post earnings of $0.17 per share for the quarter. Alarm.com has set its FY 2022 guidance at $1.860-$1.880 EPS and its FY22 guidance at $1.86-1.88 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Alarm.com (NASDAQ:ALRMGet Rating) last released its earnings results on Thursday, February 24th. The software maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $195.30 million during the quarter, compared to the consensus estimate of $174.52 million. Alarm.com had a return on equity of 12.94% and a net margin of 6.98%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, analysts expect Alarm.com to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ALRM stock opened at $59.93 on Thursday. The company has a market cap of $3.00 billion, a P/E ratio of 59.34, a PEG ratio of 2.49 and a beta of 1.22. Alarm.com has a twelve month low of $57.88 and a twelve month high of $95.83. The company has a quick ratio of 6.51, a current ratio of 7.09 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $64.63 and a 200-day moving average of $74.07.

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, March 25th. TheStreet downgraded Alarm.com from a “b-” rating to a “c” rating in a report on Thursday, March 10th. Barclays dropped their price objective on Alarm.com from $77.00 to $70.00 and set an “equal weight” rating for the company in a report on Tuesday, April 12th. Zacks Investment Research downgraded Alarm.com from a “hold” rating to a “sell” rating in a report on Monday, February 28th. Finally, Raymond James dropped their price objective on Alarm.com from $120.00 to $85.00 and set a “strong-buy” rating for the company in a report on Friday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $90.83.

In related news, insider Daniel Kerzner sold 2,612 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 value of $177,198.08. Following the completion of the transaction, the insider now directly owns 453,644 shares in the company, valued at approximately $30,775,208.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Trundle sold 5,305 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 $359,891.20. Following the completion of the sale, the chief executive officer now owns 204,539 shares in the company, valued at approximately $13,875,925.76. The disclosure for this sale can be found here. Insiders sold a total of 12,338 shares of company stock valued at $841,676 over the last quarter. 6.70% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MML Investors Services LLC lifted its stake in Alarm.com by 13.3% in the 4th quarter. MML Investors Services LLC now owns 3,580 shares of the software maker’s stock valued at $304,000 after acquiring an additional 419 shares in the last quarter. Stifel Financial Corp lifted its stake in Alarm.com by 13.2% in the 4th quarter. Stifel Financial Corp now owns 5,627 shares of the software maker’s stock valued at $478,000 after acquiring an additional 656 shares in the last quarter. Squarepoint Ops LLC lifted its stake in Alarm.com by 147.4% in the 4th quarter. Squarepoint Ops LLC now owns 11,964 shares of the software maker’s stock valued at $1,015,000 after acquiring an additional 7,129 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Alarm.com by 9.8% in the 4th quarter. Glenmede Trust Co. NA now owns 14,523 shares of the software maker’s stock valued at $1,230,000 after acquiring an additional 1,297 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Alarm.com by 1.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 37,480 shares of the software maker’s stock valued at $3,179,000 after acquiring an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 91.01% of the company’s stock.

Alarm.com Company Profile (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.

Further Reading

Earnings History for Alarm.com (NASDAQ:ALRM)

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