Alarm.com Holdings Inc. (ALRM) Updates FY16 Earnings Guidance
Alarm.com Holdings Inc. (NASDAQ:ALRM) updated its FY16 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.58-0.59 for the period, compared to the Thomson Reuters consensus estimate of $0.50. The company issued revenue guidance of $254-256.3 million, compared to the consensus revenue estimate of $245.15 million.
Several research firms have recently weighed in on ALRM. Zacks Investment Research cut Alarm.com Holdings from a buy rating to a hold rating in a report on Tuesday, October 18th. Roth Capital started coverage on Alarm.com Holdings in a report on Monday, October 3rd. They set a buy rating and a $33.50 price objective on the stock. Imperial Capital lifted their target price on Alarm.com Holdings from $24.50 to $30.00 and gave the company an in-line rating in a research report on Tuesday, August 16th. Raymond James Financial Inc. lowered Alarm.com Holdings from an outperform rating to a market perform rating in a research report on Tuesday, August 16th. Finally, Citigroup Inc. lowered Alarm.com Holdings to a market perform rating in a research report on Tuesday, August 16th. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $28.05.
Alarm.com Holdings Inc. (NASDAQ:ALRM) opened at 32.37 on Tuesday. Alarm.com Holdings Inc. has a 52-week low of $14.00 and a 52-week high of $33.13. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 137.16 and a beta of 1.90. The firm’s 50 day moving average price is $29.32 and its 200 day moving average price is $26.52.
Alarm.com Holdings (NASDAQ:ALRM) last issued its quarterly earnings results on Monday, November 14th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.08. The company earned $67.80 million during the quarter, compared to analysts’ expectations of $59.73 million. Alarm.com Holdings had a negative return on equity of 18.64% and a net margin of 4.74%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Equities research analysts anticipate that Alarm.com Holdings Inc. will post $0.50 EPS for the current fiscal year.
In related news, insider Jean-Paul Martin sold 30,000 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $28.32, for a total transaction of $849,600.00. Following the sale, the insider now owns 152,904 shares in the company, valued at approximately $4,330,241.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David Hutz sold 3,500 shares of the company’s stock in a transaction dated Tuesday, October 18th. The shares were sold at an average price of $29.85, for a total value of $104,475.00. Following the sale, the insider now owns 180,522 shares in the company, valued at approximately $5,388,581.70. The disclosure for this sale can be found here. 78.50% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. American International Group Inc. raised its stake in shares of Alarm.com Holdings by 21.9% in the second quarter. American International Group Inc. now owns 5,938 shares of the company’s stock valued at $152,000 after buying an additional 1,067 shares during the last quarter. BlackRock Advisors LLC raised its stake in shares of Alarm.com Holdings by 82.2% in the third quarter. BlackRock Advisors LLC now owns 5,560 shares of the company’s stock valued at $160,000 after buying an additional 2,509 shares during the last quarter. Nationwide Fund Advisors raised its stake 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 valued at $172,000 after buying an additional 1,671 shares during the last quarter. Morgan Stanley raised its stake in shares of Alarm.com Holdings by 20.1% in the third quarter. Morgan Stanley now owns 7,355 shares of the company’s stock valued at $212,000 after buying an additional 1,231 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Alarm.com Holdings during the third quarter valued at approximately $227,000. Institutional investors own 61.90% 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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