Alarm.com (ALRM) Scheduled to Post Earnings on Thursday

Alarm.com (NASDAQ:ALRM) is scheduled to be announcing its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce 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.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Alarm.com (NASDAQ:ALRM) last posted its quarterly earnings results on Thursday, February 22nd. The software maker reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $226.20 million for the quarter, compared to analyst estimates of $224.93 million. Alarm.com had a return on equity of 11.61% and a net margin of 9.19%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. 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 $69.80 on Wednesday. The company has a current ratio of 5.46, a quick ratio of 4.91 and a debt-to-equity ratio of 0.72. The firm has a fifty day simple moving average of $70.44 and a two-hundred day simple moving average of $64.01. Alarm.com has a 12 month low of $45.71 and a 12 month high of $77.29. The firm has a market capitalization of $3.50 billion, a PE ratio of 45.62, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94.

Analyst Ratings Changes

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

Insider Buying and Selling at Alarm.com

In other Alarm.com news, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $73.80, for a total value of $3,690,000.00. Following the sale, the chief executive officer now owns 1,289,343 shares in the company, valued at $95,153,513.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Stephen Trundle sold 50,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $73.80, for a total value of $3,690,000.00. Following the transaction, the chief executive officer now owns 1,289,343 shares in the company, valued at approximately $95,153,513.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Steve Valenzuela sold 9,583 shares of Alarm.com stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $73.89, for a total transaction of $708,087.87. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares of the company’s stock, valued at $2,770,875. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,532 shares of company stock valued at $8,116,333. 5.60% of the stock is currently owned by corporate insiders.

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.