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

Alarm.com (NASDAQ:ALRM) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Alarm.com has set its FY24 guidance at $2.10-2.14 EPS and its FY 2024 guidance at 2.100-2.140 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Alarm.com (NASDAQ:ALRM) last posted its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Alarm.com had a net margin of 9.19% and a return on equity of 11.61%. The business had revenue of $226.20 million for the quarter, compared to analysts’ expectations of $224.93 million. During the same quarter last year, the business posted $0.33 earnings per share. The business’s revenue was up 8.7% 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 Stock Up 2.9 %

Shares of NASDAQ ALRM opened at $70.25 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91. The firm’s 50-day moving average is $70.56 and its two-hundred day moving average is $63.91. Alarm.com has a 12-month low of $45.71 and a 12-month high of $77.29. The company has a market capitalization of $3.53 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

Analyst Upgrades and Downgrades

ALRM has been the topic of a number of analyst reports. Barclays increased their target price on Alarm.com from $66.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lifted their price objective on Alarm.com from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a report on Friday, March 15th. Finally, TheStreet upgraded shares of Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $68.83.

Insider Buying and Selling

In other Alarm.com news, CFO Steve Valenzuela sold 7,083 shares of Alarm.com stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $75.34, for a total value of $533,633.22. Following the completion of the sale, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,825,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $73.80, for a total transaction of $3,690,000.00. Following the completion of the transaction, the chief executive officer now owns 1,289,343 shares of the company’s stock, valued at $95,153,513.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 7,083 shares of Alarm.com stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $75.34, for a total transaction of $533,633.22. Following the completion of the transaction, the chief financial officer now owns 37,500 shares in the company, valued at approximately $2,825,250. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 111,532 shares of company stock worth $8,116,333. 5.60% of the stock is owned by company insiders.

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.