Zacks: Analysts Expect Alarm.com Holdings, Inc. (NASDAQ:ALRM) Will Post Quarterly Sales of $207.69 Million

Brokerages predict that Alarm.com Holdings, Inc. (NASDAQ:ALRMGet Rating) will report sales of $207.69 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Alarm.com’s earnings. The highest sales estimate is $210.28 million and the lowest is $205.27 million. Alarm.com posted sales of $188.86 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is scheduled to report its next earnings results on Monday, January 1st.

On average, 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 anticipate that the business 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 a mean average based on a survey of sell-side research analysts that follow Alarm.com.

Alarm.com (NASDAQ:ALRMGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The software maker reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Alarm.com had a return on equity of 11.71% and a net margin of 5.95%. The business had revenue of $205.40 million for the quarter, compared to analyst estimates of $192.02 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis.

ALRM has been the subject of a number of research reports. Zacks Investment Research downgraded Alarm.com from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Raymond James decreased their target price 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. Barclays decreased their target price on Alarm.com from $70.00 to $63.00 in a report on Monday, May 9th. Bank of America initiated coverage on Alarm.com in a report on Wednesday, April 20th. They set a “buy” rating and a $75.00 target price for the company. Finally, StockNews.com downgraded Alarm.com from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Alarm.com 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 company’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 $135,544.32. Following the completion of the transaction, the vice president now directly owns 32,502 shares of the company’s stock, valued at approximately $2,204,935.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Stephen Trundle sold 5,305 shares of the company’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 $359,891.20. Following the transaction, the chief executive officer now directly owns 204,539 shares of the company’s stock, valued at $13,875,925.76. The disclosure for this sale can be found here. Insiders sold 11,451 shares of company stock valued at $776,836 over the last three months. 6.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of ALRM. Mascoma Wealth Management LLC purchased a new stake in shares of Alarm.com during the first quarter worth approximately $28,000. GHP Investment Advisors Inc. purchased a new stake in Alarm.com in the 1st quarter valued at $38,000. Bell Investment Advisors Inc purchased a new stake in Alarm.com in the 3rd quarter valued at $49,000. First Horizon Advisors Inc. grew its holdings in Alarm.com by 9,583.3% in the 4th quarter. First Horizon Advisors Inc. now owns 581 shares of the software maker’s stock valued at $49,000 after buying an additional 575 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Alarm.com by 1,420.0% in the 4th quarter. Parallel Advisors LLC now owns 608 shares of the software maker’s stock valued at $52,000 after buying an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Shares of ALRM stock opened at $59.10 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 7.46 and a current ratio of 8.27. Alarm.com has a fifty-two week low of $54.99 and a fifty-two week high of $94.45. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 65.67, a PEG ratio of 3.25 and a beta of 1.21. The stock’s 50-day simple moving average is $62.83 and its 200-day simple moving average is $72.46.

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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