Alarm.com Holdings Inc. (ALRM) to Post Q3 2016 Earnings of $0.11 Per Share, Roth Capital Forecasts
Alarm.com Holdings Inc. (NASDAQ:ALRM) – Research analysts at Roth Capital issued their Q3 2016 earnings per share estimates for Alarm.com Holdings in a research report issued to clients and investors on Monday. Roth Capital analyst D. Aftahi expects that the firm will earn $0.11 per share for the quarter. Roth Capital currently has a “Buy” rating and a $33.50 target price on the stock. Roth Capital also issued estimates for Alarm.com Holdings’ Q4 2016 earnings at $0.10 EPS, FY2016 earnings at $0.46 EPS, Q1 2017 earnings at $0.12 EPS, Q2 2017 earnings at $0.14 EPS, Q3 2017 earnings at $0.14 EPS, Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $0.55 EPS and FY2018 earnings at $0.66 EPS.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. The business had revenue of $64.42 million for the quarter, compared to analyst estimates of $58.61 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The company’s revenue was up 24.0% on a year-over-year basis.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, August 18th. BB&T Corp. initiated coverage on shares of Alarm.com Holdings in a research report on Wednesday, June 15th. They set a “buy” rating and a $27.00 target price on the stock. Bank of America Corp. restated a “buy” rating and set a $28.00 target price (up previously from $25.00) on shares of Alarm.com Holdings in a research report on Friday, June 24th. Goldman Sachs Group Inc. raised their target price on shares of Alarm.com Holdings from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, August 16th. Finally, Imperial Capital lowered shares of Alarm.com Holdings from an “outperform” rating to an “in-line” rating and set a $24.50 target price on the stock. in a research report on Tuesday, June 21st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $28.05.
Shares of Alarm.com Holdings (NASDAQ:ALRM) opened at 29.51 on Thursday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 125.04 and a beta of 1.91. Alarm.com Holdings has a 52-week low of $11.86 and a 52-week high of $33.13. The stock’s 50 day moving average price is $27.41 and its 200-day moving average price is $25.21.
Several institutional investors have recently modified their holdings of ALRM. Spark Investment Management LLC increased its position in shares of Alarm.com Holdings by 517.0% in the first quarter. Spark Investment Management LLC now owns 127,100 shares of the company’s stock worth $3,012,000 after buying an additional 106,500 shares in the last quarter. State Street Corp increased its position in shares of Alarm.com Holdings by 32.4% in the first quarter. State Street Corp now owns 117,642 shares of the company’s stock worth $2,787,000 after buying an additional 28,788 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Alarm.com Holdings by 4.1% in the first quarter. Geode Capital Management LLC now owns 67,769 shares of the company’s stock worth $1,606,000 after buying an additional 2,652 shares in the last quarter. Royal Bank of Canada increased its position in shares of Alarm.com Holdings by 813,100.0% in the first quarter. Royal Bank of Canada now owns 8,132 shares of the company’s stock worth $193,000 after buying an additional 8,131 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Alarm.com Holdings during the second quarter worth approximately $165,000. 61.49% of the stock is currently owned by institutional investors and hedge funds.
In other Alarm.com Holdings news, insider Jean-Paul Martin sold 30,000 shares of Alarm.com Holdings stock in a transaction on Friday, August 19th. The shares were sold at an average price of $28.32, for a total value of $849,600.00. Following the transaction, the insider now owns 152,904 shares in the company, valued at approximately $4,330,241.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 78.50% of the stock is currently owned by company insiders.
About Alarm.com Holdings
Alarm.com Holdings, Inc is a platform solution for the connected home. The Company, through its cloud-based services, makes connected home technology accessible to millions of home and business owners. The Company operates through two segments: Alarm.com and Other. The Company’s Alarm.com segment represents its cloud-based platform for the connected home and related connected home solutions.
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