Alarm.com (ALRM) Set to Announce Earnings on Thursday

Alarm.com (NASDAQ:ALRM) is scheduled to post its quarterly earnings results 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings data on Thursday, August 8th. The software maker reported $0.58 earnings per share for the quarter, topping 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 firm had revenue of $233.80 million during the quarter, compared to analyst estimates of $227.35 million. During the same period last year, the company posted $0.33 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. 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 Down 1.8 %

Shares of Alarm.com stock opened at $54.35 on Thursday. The stock’s 50-day moving average is $55.39 and its 200 day moving average is $61.81. Alarm.com has a one year low of $49.70 and a one year high of $77.29. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 3.22 and a beta of 0.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 9.25 and a quick ratio of 8.70.

Insider Transactions at Alarm.com

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ALRM shares. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Barclays reduced their price target on shares of Alarm.com from $72.00 to $60.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Roth Mkm decreased their target price on Alarm.com from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group assumed coverage on Alarm.com in a report on Friday, September 6th. They issued a “neutral” rating and a $64.00 price target on the stock. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $66.75.

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.