AlarmCom (NASDAQ:ALRM) Updates FY 2019 Earnings Guidance

AlarmCom (NASDAQ:ALRM) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.39-1.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.39. The company issued revenue guidance of $460.2-465.7 million, compared to the consensus revenue estimate of $452.1 million.AlarmCom also updated its FY19 guidance to $1.39-1.41 EPS.

ALRM traded down $0.23 during trading on Friday, reaching $50.29. 1,433,991 shares of the company were exchanged, compared to its average volume of 440,767. The firm has a market capitalization of $2.44 billion, a PE ratio of 38.39, a P/E/G ratio of 3.83 and a beta of 1.38. The business’s 50 day moving average price is $51.24. AlarmCom has a 52 week low of $40.92 and a 52 week high of $71.50.

AlarmCom (NASDAQ:ALRM) last issued its quarterly earnings data on Thursday, August 8th. The software maker reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.08. AlarmCom had a negative return on equity of 89.29% and a net margin of 5.05%. The firm had revenue of $121.66 million during the quarter, compared to the consensus estimate of $109.45 million. During the same period in the prior year, the business earned $0.34 EPS. The firm’s revenue was up 16.4% on a year-over-year basis. As a group, analysts forecast that AlarmCom will post 1.11 earnings per share for the current year.

Several research firms have recently issued reports on ALRM. Jefferies Financial Group cut AlarmCom from a buy rating to a hold rating and decreased their price target for the stock from $71.00 to $66.00 in a research note on Monday, May 13th. BidaskClub cut AlarmCom from a hold rating to a sell rating in a research note on Wednesday. Maxim Group reissued a buy rating and issued a $79.00 price target on shares of AlarmCom in a research note on Friday. Roth Capital decreased their price target on AlarmCom from $73.00 to $55.00 in a research note on Tuesday, July 16th. Finally, Credit Suisse Group decreased their price target on AlarmCom from $70.00 to $62.00 and set an outperform rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. AlarmCom has a consensus rating of Hold and an average target price of $68.90.

In other news, CFO Steve Valenzuela sold 1,083 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $57.99, for a total value of $62,803.17. Following the completion of the sale, the chief financial officer now owns 41,632 shares in the company, valued at $2,414,239.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Daniel Ramos sold 1,269 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $58.42, for a total value of $74,134.98. Following the completion of the sale, the vice president now owns 29,860 shares of the company’s stock, valued at approximately $1,744,421.20. The disclosure for this sale can be found here. In the last three months, insiders sold 3,304 shares of company stock valued at $192,544. Company insiders own 26.00% of the company’s stock.

About AlarmCom

Alarm.com Holdings, Inc provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.

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Earnings History and Estimates for AlarmCom (NASDAQ:ALRM)

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