Zacks: Brokerages Anticipate AlarmCom Hldg Inc (ALRM) Will Announce Quarterly Sales of $84.33 Million

Wall Street analysts forecast that AlarmCom Hldg Inc (NASDAQ:ALRM) will report sales of $84.33 million for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for AlarmCom’s earnings, with estimates ranging from $83.30 million to $87.68 million. AlarmCom reported sales of $69.79 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.8%. The company is expected to issue its next earnings results on Wednesday, March 21st.

According to Zacks, analysts expect that AlarmCom will report full year sales of $84.33 million for the current fiscal year, with estimates ranging from $333.39 million to $334.97 million. For the next year, analysts expect that the business will report sales of $382.85 million per share, with estimates ranging from $379.00 million to $388.87 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow AlarmCom.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Wednesday, November 8th. The software maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. AlarmCom had a net margin of 9.97% and a negative return on equity of 42.00%. The business had revenue of $90.00 million during the quarter, compared to analysts’ expectations of $83.04 million. During the same period last year, the company posted $0.19 EPS. The business’s revenue was up 32.7% on a year-over-year basis.

A number of equities analysts have commented on the stock. BidaskClub cut shares of AlarmCom from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Maxim Group restated a “buy” rating and issued a $57.00 target price on shares of AlarmCom in a report on Tuesday, November 21st. Northland Securities set a $51.00 target price on shares of AlarmCom and gave the stock a “buy” rating in a report on Thursday, November 16th. Credit Suisse Group restated an “outperform” rating and issued a $52.00 target price (up previously from $46.00) on shares of AlarmCom in a report on Thursday, November 9th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $38.00 target price (up previously from $34.00) on shares of AlarmCom in a report on Thursday, November 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $46.90.

Shares of AlarmCom (NASDAQ:ALRM) traded up $0.57 during trading hours on Thursday, hitting $37.27. 529,600 shares of the company’s stock were exchanged, compared to its average volume of 376,408. AlarmCom has a 1-year low of $26.68 and a 1-year high of $49.49. The stock has a market cap of $1,730.05, a PE ratio of 40.78, a P/E/G ratio of 3.15 and a beta of 1.27. The company has a quick ratio of 2.88, a current ratio of 3.16 and a debt-to-equity ratio of -0.81.

In related news, insider Timothy P. Mcadam sold 20,407 shares of AlarmCom stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $36.78, for a total transaction of $750,569.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Daniel Ramos sold 19,909 shares of AlarmCom stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $47.05, for a total transaction of $936,718.45. Following the sale, the vice president now owns 82,327 shares of the company’s stock, valued at approximately $3,873,485.35. The disclosure for this sale can be found here. Insiders sold a total of 313,828 shares of company stock valued at $13,603,278 in the last 90 days. Company insiders own 78.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its holdings in AlarmCom by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock valued at $159,000 after buying an additional 632 shares in the last quarter. Legal & General Group Plc lifted its holdings in AlarmCom by 57.4% during the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock valued at $172,000 after buying an additional 1,673 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in AlarmCom by 95.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock valued at $156,000 after buying an additional 2,033 shares in the last quarter. SG Americas Securities LLC bought a new stake in AlarmCom during the 3rd quarter valued at about $109,000. Finally, First Republic Investment Management Inc. increased its position in AlarmCom by 27.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 11,413 shares of the software maker’s stock valued at $516,000 after purchasing an additional 2,460 shares during the period. Institutional investors own 83.16% of the company’s stock.

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AlarmCom Company Profile

Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.

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Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

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