Alarm.com (NASDAQ:ALRM) Issues FY 2022 Earnings Guidance

Alarm.com (NASDAQ:ALRMGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $1.87-$1.88 for the period, compared to the consensus EPS estimate of $1.89. The company issued revenue guidance of $822.70 million-$853.30 million, compared to the consensus revenue estimate of $815.19 million.

Shares of NASDAQ:ALRM traded down $0.97 on Monday, hitting $56.06. 3,104 shares of the company traded hands, compared to its average volume of 282,857. Alarm.com has a 52 week low of $56.32 and a 52 week high of $94.45. The company has a current ratio of 7.09, a quick ratio of 6.51 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average price of $63.76. The company has a market capitalization of $2.81 billion, a P/E ratio of 62.31, a PEG ratio of 2.34 and a beta of 1.21.

Alarm.com (NASDAQ:ALRMGet Rating) last released its quarterly earnings data on Thursday, May 5th. The software maker reported $0.39 EPS for the quarter, beating the consensus estimate of $0.33 by $0.06. Alarm.com had a return on equity of 11.56% and a net margin of 5.95%. The company had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $192.02 million. During the same period last year, the firm posted $0.38 earnings per share. Alarm.com’s revenue was up 19.1% compared to the same quarter last year. On average, equities analysts anticipate that Alarm.com will post 1.22 EPS for the current year.

Several analysts recently issued reports on ALRM shares. TheStreet lowered shares of Alarm.com from a b- rating to a c rating in a research report on Thursday, March 10th. Barclays cut their target price on shares of Alarm.com from $70.00 to $63.00 in a research report on Monday. Bank of America started coverage on shares of Alarm.com in a research report on Wednesday, April 20th. They set a buy rating and a $75.00 target price for the company. Raymond James cut their target price on shares of Alarm.com from $120.00 to $85.00 and set a strong-buy rating for the company in a research report on Friday, February 25th. Finally, Zacks Investment Research lowered shares of Alarm.com from a hold rating to a sell rating in a research report on Monday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Buy and an average target price of $89.67.

In other news, CEO Stephen Trundle sold 5,305 shares of the stock in a transaction 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 sale, the chief executive officer now owns 204,539 shares of the company’s stock, valued at $13,875,925.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Daniel Ramos sold 1,998 shares of the stock in a transaction on Monday, April 4th. The shares were sold at an average price of $67.84, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,451 shares of company stock valued at $776,836. 6.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Alarm.com by 1.4% in the fourth quarter. BlackRock Inc. now owns 7,661,269 shares of the software maker’s stock valued at $649,751,000 after acquiring an additional 109,416 shares during the period. Goldman Sachs Group Inc. increased its stake in Alarm.com by 32.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 179,438 shares of the software maker’s stock worth $15,218,000 after buying an additional 43,719 shares during the period. Legal & General Group Plc increased its stake in Alarm.com by 3.2% in the 4th quarter. Legal & General Group Plc now owns 134,081 shares of the software maker’s stock worth $11,372,000 after buying an additional 4,102 shares during the period. Parametric Portfolio Associates LLC lifted its position in shares of Alarm.com by 6.6% in the 4th quarter. Parametric Portfolio Associates LLC now owns 115,653 shares of the software maker’s stock worth $9,808,000 after purchasing an additional 7,155 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Alarm.com by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 82,002 shares of the software maker’s stock worth $6,954,000 after buying an additional 8,136 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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