Alarm.com Holdings Inc. Expected to Post Q1 2017 Earnings of $0.14 Per Share (ALRM)
Alarm.com Holdings Inc. (NASDAQ:ALRM) – Equities research analysts at First Analysis issued their Q1 2017 EPS estimates for shares of Alarm.com Holdings in a report issued on Monday. First Analysis analyst expects that the firm will post earnings per share of $0.14 for the quarter.
Several other equities analysts have also weighed in on the company. Roth Capital started coverage on Alarm.com Holdings in a research note on Monday, October 3rd. They issued a “buy” rating and a $33.50 price target for the company. Raymond James Financial Inc. lowered Alarm.com Holdings from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 16th. Credit Suisse Group AG restated an “outperform” rating and issued a $28.00 price target on shares of Alarm.com Holdings in a research note on Monday, August 15th. Zacks Investment Research upgraded Alarm.com Holdings from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Thursday, August 18th. Finally, Citigroup Inc. lowered Alarm.com Holdings to a “market perform” rating in a research note on Tuesday, August 16th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $28.05.
Alarm.com Holdings (NASDAQ:ALRM) traded up 3.94% during midday trading on Wednesday, hitting $29.00. The stock had a trading volume of 372,659 shares. The company has a market cap of $1.32 billion, a PE ratio of 122.88 and a beta of 1.90. Alarm.com Holdings has a 12-month low of $14.00 and a 12-month high of $34.43. The firm has a 50-day moving average of $29.35 and a 200-day moving average of $26.55.
Alarm.com Holdings (NASDAQ:ALRM) last posted its quarterly earnings data on Monday, November 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.08. The business earned $67.80 million during the quarter, compared to analyst estimates of $59.73 million. Alarm.com Holdings had a negative return on equity of 20.50% and a net margin of 4.21%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS.
In other news, insider Jean-Paul Martin sold 50,000 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider David Hutz sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $29.85, for a total value of $104,475.00. Following the transaction, the insider now owns 180,522 shares in the company, valued at $5,388,581.70. The disclosure for this sale can be found here. Insiders own 78.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its position 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 in the last quarter. BlackRock Advisors LLC boosted its position 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 in the last quarter. Acadian Asset Management LLC bought a new position in shares of Alarm.com Holdings during the second quarter valued at $165,000. Nationwide Fund Advisors boosted 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 valued at $172,000 after buying an additional 1,671 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new position in shares of Alarm.com Holdings during the second quarter valued at $201,000. Institutional investors and hedge funds own 61.90% of the company’s stock.
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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