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, May 9th. Analysts expect Alarm.com to post earnings of $0.48 per share for the quarter. Alarm.com has set its FY24 guidance at $2.10-2.14 EPS and its FY 2024 guidance at 2.100-2.140 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $226.20 million for the quarter, compared to the consensus estimate of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. Alarm.com’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. 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

Shares of ALRM stock opened at $70.25 on Tuesday. The stock has a market cap of $3.53 billion, a PE ratio of 45.92, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The stock has a 50-day moving average of $70.56 and a 200-day moving average of $63.91. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.46 and a quick ratio of 4.91. Alarm.com has a one year low of $45.71 and a one year high of $77.29.

Analyst Ratings Changes

Several equities research analysts have commented on ALRM shares. JPMorgan Chase & Co. upped their target price on shares of Alarm.com from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. StockNews.com upgraded shares of Alarm.com from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 15th. TheStreet upgraded Alarm.com from a “c+” rating to a “b-” rating in a report on Friday, February 23rd. Finally, Barclays increased their price target on Alarm.com from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $68.83.

Insider Buying and Selling

In other news, insider Daniel Kerzner sold 28,433 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the sale, the insider now directly owns 57,351 shares in the company, valued at $4,013,422.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Daniel Ramos sold 8,250 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $74.44, for a total value of $614,130.00. Following the completion of the transaction, the insider now owns 39,700 shares in the company, valued at approximately $2,955,268. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Kerzner sold 28,433 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $69.98, for a total value of $1,989,741.34. Following the sale, the insider now owns 57,351 shares in the company, valued at approximately $4,013,422.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 111,532 shares of company stock valued at $8,116,333. Company insiders own 5.60% of the company’s stock.

Alarm.com Company Profile

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.