Alarm.com (ALRM) to Release Quarterly Earnings on Thursday

Alarm.com (NASDAQ:ALRM) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Alarm.com to post earnings of $0.49 per share for the quarter. Alarm.com has set its FY24 guidance at $2.06-2.07 EPS and its FY 2024 guidance at 2.060-2.070 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.09. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The business had revenue of $233.80 million for the quarter, compared to the consensus estimate of $227.35 million. During the same quarter in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts expect Alarm.com to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alarm.com Stock Performance

ALRM opened at $56.00 on Wednesday. The company has a current ratio of 9.25, a quick ratio of 8.70 and a debt-to-equity ratio of 1.52. The firm has a 50 day moving average of $54.80 and a two-hundred day moving average of $61.44. Alarm.com has a 12-month low of $51.05 and a 12-month high of $77.29. The firm has a market capitalization of $2.76 billion, a PE ratio of 27.86, a P/E/G ratio of 3.22 and a beta of 0.90.

Insider Buying and Selling

In other news, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total transaction of $585,711.56. Following the sale, the insider now owns 41,100 shares of the company’s stock, valued at approximately $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Steve Valenzuela sold 7,400 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the sale, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Ramos sold 9,476 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the completion of the sale, the insider now owns 41,100 shares in the company, valued at approximately $2,540,391. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ALRM has been the subject of several analyst reports. StockNews.com raised Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Barclays cut their target price on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Roth Mkm reduced their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on shares of Alarm.com in a report on Friday, September 6th. They issued a “neutral” rating and a $64.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on Alarm.com in a report on Tuesday. They set a “buy” rating and a $65.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Alarm.com currently has an average rating of “Hold” and a consensus price target of $66.40.

About Alarm.com

Alarm.com Holdings, Inc provides various Internet of Things (IoT) and solutions for residential, multi-family, small business, and enterprise commercial markets in North America and internationally. The company operates through two segments, Alarm.com and Other. It offers solutions to control and monitor security systems, as well as to IoT devices, including door locks, garage doors, thermostats, and video cameras; and video monitoring and analytics solutions, such as video analytics, escalated events, video doorbells, intelligent integration, live streaming, secure cloud storage, and video alerts.