Alarm.com Holdings, Inc. (ALRM) Releases FY17 Earnings Guidance
Alarm.com Holdings, Inc. (NASDAQ:ALRM) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.96-0.98 for the period, compared to the Thomson Reuters consensus estimate of $0.76. The company issued revenue guidance of $326.3-327.8 million, compared to the consensus revenue estimate of $325.74 million.
A number of brokerages have commented on ALRM. BidaskClub raised shares of Alarm.com Holdings from a buy rating to a strong-buy rating in a research report on Wednesday. Credit Suisse Group reissued an outperform rating and issued a $46.00 price objective (up from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday. Maxim Group reissued a buy rating and issued a $44.00 price objective on shares of Alarm.com Holdings in a research report on Wednesday. Roth Capital increased their price objective on shares of Alarm.com Holdings from $43.50 to $48.00 and gave the company a buy rating in a research report on Wednesday. Finally, Northland Securities set a $41.00 price objective on shares of Alarm.com Holdings and gave the company a buy rating in a research report on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Alarm.com Holdings has an average rating of Buy and an average target price of $39.56.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) traded up 6.93% on Wednesday, hitting $42.25. 1,244,476 shares of the company were exchanged. The stock has a market cap of $1.96 billion, a PE ratio of 183.70 and a beta of 1.52. The firm has a 50 day moving average of $37.50 and a 200-day moving average of $32.58. Alarm.com Holdings, Inc. has a 52-week low of $24.52 and a 52-week high of $42.48.
Alarm.com Holdings (NASDAQ:ALRM) last posted its earnings results on Tuesday, August 8th. The software maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.14. Alarm.com Holdings had a net margin of 4.12% and a negative return on equity of 27.71%. The business had revenue of $86 million for the quarter, compared to analysts’ expectations of $81.05 million. During the same period in the previous year, the company posted $0.15 earnings per share. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities analysts expect that Alarm.com Holdings, Inc. will post $0.76 earnings per share for the current fiscal year.
In related news, insider Daniel Kerzner sold 18,500 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $37.04, for a total value of $685,240.00. Following the sale, the insider now directly owns 11,065 shares of the company’s stock, valued at $409,847.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Hutz sold 3,500 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $37.43, for a total transaction of $131,005.00. Following the completion of the sale, the insider now directly 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 three months, insiders have sold 147,277 shares of company stock worth $5,160,799. Corporate insiders own 46.80% of the company’s stock.
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Alarm.com Holdings 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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