Alarm.com (NASDAQ:ALRM) Announces Quarterly Earnings Results


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Alarm.com (NASDAQ:ALRM) posted its quarterly earnings data on Tuesday. The software maker reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.12, MarketWatch Earnings reports. Alarm.com had a return on equity of 17.50% and a net margin of 12.64%. The firm had revenue of $172.50 million for the quarter, compared to analysts’ expectations of $153.58 million. During the same period in the previous year, the firm earned $0.42 EPS. The business’s quarterly revenue was up 13.6% on a year-over-year basis. Alarm.com updated its FY 2021 guidance to 1.630-1.720 EPS and its FY21 guidance to $1.63-1.72 EPS.

Shares of Alarm.com stock traded down $3.55 during trading on Tuesday, hitting $85.64. The stock had a trading volume of 700,548 shares, compared to its average volume of 373,892. Alarm.com has a 12 month low of $42.30 and a 12 month high of $108.67. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.67 and a quick ratio of 4.19. The firm’s fifty day simple moving average is $89.34 and its 200-day simple moving average is $86.84. The stock has a market cap of $4.26 billion, a PE ratio of 57.48, a PEG ratio of 4.75 and a beta of 1.15.

ALRM has been the topic of several recent analyst reports. Roth Capital raised their price objective on shares of Alarm.com from $75.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, January 21st. Imperial Capital upgraded Alarm.com from an “in-line” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Tuesday, April 13th. JPMorgan Chase & Co. assumed coverage on shares of Alarm.com in a report on Tuesday, April 13th. They issued a “neutral” rating and a $100.00 target price on the stock. Maxim Group raised their target price on shares of Alarm.com from $79.00 to $120.00 in a research note on Friday, February 26th. Finally, Raymond James boosted their price target on shares of Alarm.com from $75.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Thursday, March 4th. Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Alarm.com presently has a consensus rating of “Buy” and a consensus target price of $94.61.

In other Alarm.com news, CFO Steve Valenzuela sold 5,000 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $87.39, for a total value of $436,950.00. Following the transaction, the chief financial officer now owns 34,677 shares of the company’s stock, valued at approximately $3,030,423.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey A. Bedell sold 800 shares of the stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $91.09, for a total value of $72,872.00. Following the completion of the sale, the insider now owns 456,654 shares in the company, valued at approximately $41,596,612.86. The disclosure for this sale can be found here. Insiders have sold a total of 36,278 shares of company stock worth $3,230,676 over the last quarter. 20.80% of the stock is currently owned by insiders.

Alarm.com Company Profile

Alarm.com Holdings, Inc provides cloud-based solutions for smart residential and commercial properties in the United States and internationally. It operates in two segments, Alarm.com and Other. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, door locks, garage doors, thermostats, and video cameras; and high definition video monitoring solutions, such as video analytics, live streaming, video doorbell, video clips, video alerts, continuous high definition recording, and commercial video surveillance solutions.

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Earnings History for Alarm.com (NASDAQ:ALRM)

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