AlarmCom Hldg Inc (ALRM) Expected to Post Quarterly Sales of $102.07 Million

Brokerages predict that AlarmCom Hldg Inc (NASDAQ:ALRM) will report sales of $102.07 million for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for AlarmCom’s earnings. The highest sales estimate is $103.90 million and the lowest is $100.80 million. AlarmCom posted sales of $92.76 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The company is scheduled to report its next earnings results on Thursday, May 2nd.

On average, analysts expect that AlarmCom will report full-year sales of $446.06 million for the current fiscal year, with estimates ranging from $445.02 million to $447.60 million. For the next financial year, analysts anticipate that the business will report sales of $488.14 million, with estimates ranging from $467.60 million to $503.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow AlarmCom.

A number of brokerages recently commented on ALRM. BidaskClub upgraded shares of AlarmCom from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Zacks Investment Research lowered shares of AlarmCom from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine lowered shares of AlarmCom from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Raymond James upped their price target on shares of AlarmCom from $58.00 to $70.00 and gave the company a “strong-buy” rating in a research note on Friday, March 1st. Finally, Maxim Group reiterated a “buy” rating and issued a $74.00 price target (up previously from $69.00) on shares of AlarmCom in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. AlarmCom has a consensus rating of “Buy” and a consensus price target of $57.09.

In other AlarmCom news, insider Stephen Trundle sold 30,000 shares of the business’s stock in a transaction dated Wednesday, January 16th. The shares were sold at an average price of $55.42, for a total value of $1,662,600.00. Following the completion of the sale, the insider now owns 218,514 shares of the company’s stock, valued at approximately $12,110,045.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 1,083 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $61.00, for a total transaction of $66,063.00. The disclosure for this sale can be found here. Insiders sold a total of 52,050 shares of company stock valued at $2,888,429 in the last three months. Insiders own 37.10% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Intrinsic Edge Capital Management LLC lifted its holdings in shares of AlarmCom by 489.5% during the 4th quarter. Intrinsic Edge Capital Management LLC now owns 442,603 shares of the software maker’s stock worth $22,958,000 after acquiring an additional 367,516 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in shares of AlarmCom during the 4th quarter worth approximately $2,050,000. Vanguard Group Inc. lifted its holdings in shares of AlarmCom by 14.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,323,794 shares of the software maker’s stock worth $190,786,000 after acquiring an additional 410,254 shares during the period. Standard Life Aberdeen plc lifted its holdings in shares of AlarmCom by 55.1% during the 4th quarter. Standard Life Aberdeen plc now owns 1,387,431 shares of the software maker’s stock worth $71,342,000 after acquiring an additional 492,660 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of AlarmCom by 66.7% during the 3rd quarter. Morgan Stanley now owns 188,115 shares of the software maker’s stock worth $10,798,000 after acquiring an additional 75,244 shares during the period. 97.91% of the stock is owned by institutional investors.

ALRM traded up $1.39 on Friday, reaching $64.90. The company had a trading volume of 350,510 shares, compared to its average volume of 530,976. AlarmCom has a fifty-two week low of $36.28 and a fifty-two week high of $65.85. The firm has a market cap of $3.06 billion, a P/E ratio of 49.54, a price-to-earnings-growth ratio of 3.25 and a beta of 1.47.

About AlarmCom

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

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