Alarm.com (NASDAQ:ALRM) Updates FY 2021 Earnings Guidance

Alarm.com (NASDAQ:ALRM) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share guidance of $1.870-$1.880 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.790. The company issued revenue guidance of $721.70 million-$731.90 million, compared to the consensus revenue estimate of $713.91 million.

A number of equities research analysts recently commented on the company. Roth Capital boosted their target price on Alarm.com from $110.00 to $115.00 and gave the stock a buy rating in a research report on Friday, August 6th. Raymond James boosted their target price on Alarm.com from $115.00 to $120.00 and gave the stock a strong-buy rating in a research report on Friday, August 6th. Barclays upped their price objective on Alarm.com from $100.00 to $105.00 and gave the company an equal weight rating in a research report on Friday, August 6th. Maxim Group restated a buy rating and set a $120.00 price objective on shares of Alarm.com in a research report on Friday, August 6th. Finally, William Blair restated a hold rating on shares of Alarm.com in a research report on Friday, August 6th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus price target of $107.86.

Shares of ALRM traded down $0.71 during mid-day trading on Thursday, reaching $82.04. 208,197 shares of the company’s stock traded hands, compared to its average volume of 270,693. The stock has a market capitalization of $4.11 billion, a PE ratio of 71.97, a P/E/G ratio of 3.20 and a beta of 1.13. The firm’s 50-day moving average is $82.18. Alarm.com has a 12 month low of $70.72 and a 12 month high of $108.67. The company has a debt-to-equity ratio of 0.71, a quick ratio of 8.01 and a current ratio of 8.56.

Alarm.com (NASDAQ:ALRM) last released its earnings results on Thursday, November 4th. The software maker reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.15. The firm had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $176.81 million. Alarm.com had a return on equity of 14.63% and a net margin of 8.21%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. As a group, equities research analysts forecast that Alarm.com will post 1.3 EPS for the current year.

In other Alarm.com news, CFO Steve Valenzuela sold 1,667 shares of the stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $83.49, for a total transaction of $139,177.83. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen Trundle sold 25,000 shares of the stock in a transaction on Monday, October 11th. The shares were sold at an average price of $77.66, for a total value of $1,941,500.00. The disclosure for this sale can be found here. In the last three months, insiders sold 92,962 shares of company stock worth $7,699,071. 6.70% of the stock is owned by insiders.

About Alarm.com

Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.

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