Alarm.com Holdings Inc. (ALRM) to Post Q3 2016 Earnings of $0.11 Per Share, Roth Capital Forecasts
Alarm.com Holdings Inc. (NASDAQ:ALRM) – Stock analysts at Roth Capital issued their Q3 2016 earnings estimates for Alarm.com Holdings in a research report issued on Monday. Roth Capital analyst D. Aftahi forecasts that the firm will post earnings of $0.11 per share for the quarter. Roth Capital has a “Buy” rating and a $33.50 price target 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.
Several other research firms have also recently weighed in on ALRM. Imperial Capital boosted their price target on Alarm.com Holdings from $24.50 to $30.00 and gave the stock an “in-line” rating in a report on Tuesday, August 16th. Raymond James Financial Inc. cut Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 16th. Goldman Sachs Group Inc. upped their target price on Alarm.com Holdings from $24.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Citigroup Inc. cut Alarm.com Holdings to a “market perform” rating in a report on Tuesday, August 16th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $28.00 target price on shares of Alarm.com Holdings in a report on Monday, August 15th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Alarm.com Holdings has an average rating of “Buy” and a consensus price target of $28.05.
Shares of Alarm.com Holdings (NASDAQ:ALRM) opened at 29.51 on Thursday. Alarm.com Holdings has a 12 month low of $11.86 and a 12 month high of $33.13. The firm has a market cap of $1.35 billion, a PE ratio of 125.04 and a beta of 1.91. The company’s 50 day moving average is $27.41 and its 200-day moving average is $25.21.
Alarm.com Holdings (NASDAQ:ALRM) last announced its earnings results on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business earned $64.42 million during the quarter, compared to analysts’ expectations of $58.61 million. Alarm.com Holdings had a net margin of 4.74% and a negative return on equity of 18.64%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the company posted $0.05 EPS.
Institutional investors have recently bought and sold shares of the company. American International Group Inc. boosted its position in Alarm.com Holdings by 21.9% in the second quarter. American International Group Inc. now owns 5,938 shares of the company’s stock worth $152,000 after buying an additional 1,067 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Alarm.com Holdings during the second quarter worth $165,000. Nationwide Fund Advisors raised its position in shares of Alarm.com Holdings by 33.2% in the second quarter. Nationwide Fund Advisors now owns 6,701 shares of the company’s stock worth $172,000 after buying an additional 1,671 shares during the last quarter. Royal Bank of Canada raised 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 during the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new position in shares of Alarm.com Holdings during the second quarter worth $201,000. Hedge funds and other institutional investors own 61.49% of the company’s stock.
In other Alarm.com Holdings news, insider Jean-Paul Martin sold 50,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $24.69, for a total transaction of $1,234,500.00. Following the transaction, the insider now directly owns 172,904 shares in the company, valued at approximately $4,268,999.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 78.50% of the company’s stock.
Alarm.com Holdings Company Profile
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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