$ 0.32 in earnings per share expected for Alarm.com Holdings, Inc. (NASDAQ: ALRM) this quarter
Wall Street brokerage firms expect Alarm.com Holdings, Inc. (NASDAQ: ALRM) to report earnings per share (EPS) of $ 0.32 for the current quarter, Zack reports. Five analysts made estimates for Alarm.com’s revenue, with estimates ranging from $ 0.30 to $ 0.34. Alarm.com posted earnings per share of $ 0.45 in the same quarter last year, suggesting a negative year-over-year growth rate of 28.9%. The company is expected to release its next results on Thursday, February 24.
According to Zacks, analysts expect Alarm.com to report annual earnings of $ 1.88 per share for the current year, with EPS estimates ranging from $ 1.87 to $ 1.88. For next year, analysts predict the company will post earnings of $ 1.97 per share, with EPS estimates ranging from $ 1.91 to $ 2.03. Zacks Investment Research earnings per share averages are an average based on a survey of seller-side research companies that cover Alarm.com.
Alarm.com (NASDAQ: ALRM) last released its quarterly results on Thursday, November 4. The software maker reported earnings per share (EPS) of $ 0.53 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.38 of $ 0.15. Alarm.com reported a return on equity of 14.63% and a net margin of 8.21%. The company posted revenue of $ 192.30 million for the quarter, compared to analysts’ estimates of $ 176.81 million. During the same period of the previous year, the company made a profit of $ 0.37 per share. The company’s revenue increased 21.0% compared to the same quarter last year.
Several analysts weighed on ALRM stocks. William Blair reaffirmed a “hold” note on the shares of Alarm.com in a report released on Friday, August 6. Roth Capital raised its price target on Alarm.com from $ 110.00 to $ 115 and gave the stock a “buy” rating in a Friday August 6 research report. Barclays raised its target price on Alarm.com from $ 100.00 to $ 105.00 and gave the company an “equal weight” rating in a research note on Friday, August 6. Raymond James raised his price target on Alarm.com from $ 115.00 to $ 120.00 and gave the company a “strong buy” rating in a research note on Friday August 6. Ultimately, Zacks investment research downgraded Alarm.com from a “strong buy” rating to a “conservation” rating in a report released on Wednesday, October 6. Four investment analysts assigned a conservation rating to the stock, three assigned a buy rating and one assigned a high buy rating to the shares of the company. According to MarketBeat, the company currently has an average “Buy” rating and an average target price of $ 107.86.
In other Alarm.com news, the CFO Steve Valenzuela sold 1,500 shares in a transaction that took place on Monday, November 1. The shares were sold at an average price of $ 84.14, for a total trade of $ 126,210.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Daniel ramos sold 5,678 shares of the company in a trade on Thursday, November 11. The shares were sold at an average price of $ 85.08, for a total trade of $ 483,084.24. Disclosure of this sale can be found here. In the past three months, insiders have sold 91,295 shares of the company valued at $ 7,559,893. 6.70% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of ALRM. HighTower Advisors LLC increased its position in Alarm.com by 0.9% in the 3rd quarter. HighTower Advisors LLC now owns 13,553 shares of the software maker valued at $ 1,053,000 after buying 117 more shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Alarm.com by 4.8% in the second quarter. Chicago Partners Investment Group LLC now owns 2,705 shares of the software maker valued at $ 220,000 after acquiring 125 more shares in the last quarter. Profund Advisors LLC increased its position in Alarm.com by 2.9% in the second quarter. Profund Advisors LLC now owns 4,992 shares of the software maker valued at $ 423,000 after buying 141 more shares in the last quarter. Stifel Financial Corp increased its position in Alarm.com by 3.2% in the second quarter. Stifel Financial Corp now owns 4,937 shares of the software maker valued at $ 418,000 after buying 152 more shares in the last quarter. Finally, Texas Permanent School Fund increased its position in Alarm.com by 0.6% during the third quarter. Texas Permanent School Fund now owns 33,962 shares of the software maker valued at $ 2,655,000 after purchasing 218 additional shares in the last quarter. 91.50% of the shares are held by institutional investors and hedge funds.
ALRM stock open at $ 79.79 Wednesday. The company has a debt to equity ratio of 0.71, a current ratio of 8.56 and a rapid ratio of 8.01. The company has a market cap of $ 3.99 billion, a P / E ratio of 69.99, a price / earnings-growth ratio of 3.05 and a beta of 1.13. Alarm.com has a fifty-two week low of $ 71.35 and a fifty-two week high of $ 108.67. The company’s fifty-day moving average price is $ 82.00.
Alarm.com Holdings, Inc is engaged in providing wireless and web security system technologies. The company offers security, video surveillance and energy management solutions. It operates through the Alarm.com and Others segments. The Alarm.com segment represents a cloud-based platform for the connected home and associated connected home solutions.
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