Alarm.com Holdings, Inc. (NASDAQ:ALRM) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.96-0.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.76. The company issued revenue guidance of $326.3-327.8 million, compared to the consensus revenue estimate of $325.74 million.
Alarm.com Holdings, Inc. (NASDAQ:ALRM) traded up 1.16% during mid-day trading on Friday, hitting $42.68. 384,321 shares of the company traded hands. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 109.16 and a beta of 1.52. Alarm.com Holdings, Inc. has a one year low of $24.52 and a one year high of $42.84. The company’s 50-day moving average is $38.46 and its 200-day moving average is $33.42.
Alarm.com Holdings (NASDAQ:ALRM) last issued its earnings results on Tuesday, August 8th. The software maker reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.14. The business had revenue of $86 million for the quarter, compared to the consensus estimate of $81.05 million. Alarm.com Holdings had a net margin of 6.50% and a negative return on equity of 35.68%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. Analysts predict that Alarm.com Holdings, Inc. will post $0.97 EPS for the current year.
A number of equities analysts have commented on ALRM shares. Imperial Capital lifted their price objective on shares of Alarm.com Holdings from $36.00 to $40.00 and gave the stock an outperform rating in a research report on Thursday, June 15th. Credit Suisse Group reaffirmed an outperform rating and set a $46.00 price objective (up from $37.00) on shares of Alarm.com Holdings in a research report on Wednesday, August 9th. Northland Securities set a $41.00 price objective on shares of Alarm.com Holdings and gave the stock a buy rating in a research report on Wednesday, July 19th. Stifel Nicolaus reaffirmed a hold rating and set a $34.00 price objective (up from $29.00) on shares of Alarm.com Holdings in a research report on Thursday, August 10th. Finally, Maxim Group lifted their price objective on shares of Alarm.com Holdings from $42.00 to $44.00 and gave the stock a buy rating in a research report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Alarm.com Holdings currently has an average rating of Buy and a consensus price target of $43.11.
In other news, insider David Hutz sold 3,500 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $31.59, for a total value of $110,565.00. Following the completion of the sale, the insider now owns 141,522 shares of the company’s stock, valued at $4,470,679.98. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jean-Paul Martin sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $34.92, for a total transaction of $698,400.00. Following the completion of the sale, the insider now directly owns 150,404 shares of the company’s stock, valued at approximately $5,252,107.68. The disclosure for this sale can be found here. In the last three months, insiders sold 220,777 shares of company stock valued at $8,088,734. 78.50% of the stock is currently owned by company insiders.
About Alarm.com Holdings
Alarm.com Holdings, Inc is a platform solution for the connected property. The Company offers a suite of cloud-based solutions for the smart home and business, including interactive security, video monitoring, intelligent automation and energy management. The Company operates through two segments: Alarm.com and Other.
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