Brokerages Anticipate Alarm.com Holdings, Inc. (ALRM) Will Post Earnings of $0.19 Per Share

Wall Street analysts expect Alarm.com Holdings, Inc. (NASDAQ:ALRM) to report earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Alarm.com Holdings’ earnings. The lowest EPS estimate is $0.18 and the highest is $0.20. Alarm.com Holdings also reported earnings of $0.19 per share in the same quarter last year. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, November 8th.

According to Zacks, analysts expect that Alarm.com Holdings will report full-year earnings of $0.97 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $0.98. For the next financial year, analysts forecast that the firm will report earnings of $0.98 per share, with EPS estimates ranging from $0.84 to $1.11. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Alarm.com Holdings.

Alarm.com Holdings (NASDAQ:ALRM) last released its quarterly earnings data on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.14. The firm had revenue of $86.00 million during the quarter, compared to analyst estimates of $81.05 million. Alarm.com Holdings had a negative return on equity of 35.68% and a net margin of 6.50%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.15 earnings per share.

Several brokerages recently weighed in on ALRM. Roth Capital restated a “buy” rating and issued a $48.00 price target on shares of Alarm.com Holdings in a research note on Friday, September 8th. Northland Securities set a $45.00 price target on Alarm.com Holdings and gave the company a “buy” rating in a research note on Wednesday, August 9th. Bank of America Corporation lifted their price target on Alarm.com Holdings from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. BidaskClub lowered Alarm.com Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $29.00 price target on shares of Alarm.com Holdings in a research note on Tuesday, July 25th. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Alarm.com Holdings has a consensus rating of “Buy” and an average price target of $43.70.

In related news, insider Stephen Trundle sold 78,542 shares of Alarm.com Holdings stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $45.25, for a total value of $3,554,025.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David Hutz sold 3,500 shares of Alarm.com Holdings stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $37.43, for a total value of $131,005.00. Following the completion of the sale, the insider now owns 127,522 shares in the company, valued at $4,773,148.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 370,942 shares of company stock worth $15,995,942. 78.50% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the stock. American International Group Inc. boosted its holdings in Alarm.com Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 6,353 shares of the software maker’s stock worth $195,000 after buying an additional 422 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Alarm.com Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,215 shares of the software maker’s stock worth $159,000 after buying an additional 632 shares during the last quarter. Legal & General Group Plc boosted its holdings in Alarm.com Holdings by 57.4% in the 2nd quarter. Legal & General Group Plc now owns 4,586 shares of the software maker’s stock worth $172,000 after buying an additional 1,673 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Alarm.com Holdings by 95.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,156 shares of the software maker’s stock worth $156,000 after buying an additional 2,033 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Alarm.com Holdings by 6.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 42,460 shares of the software maker’s stock worth $1,306,000 after buying an additional 2,736 shares during the last quarter. Institutional investors own 84.05% of the company’s stock.

Alarm.com Holdings (NASDAQ ALRM) traded down 1.94% during trading on Monday, hitting $47.51. The stock had a trading volume of 200,893 shares. The firm’s 50-day moving average price is $46.01 and its 200-day moving average price is $46.01. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 121.51 and a beta of 1.45. Alarm.com Holdings has a 52-week low of $26.68 and a 52-week high of $48.98.

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About Alarm.com Holdings

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 Alarm.com Holdings (NASDAQ:ALRM)

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