AlarmCom (NASDAQ:ALRM) Releases Earnings Results, Beats Expectations By $0.08 EPS

AlarmCom (NASDAQ:ALRM) posted its earnings results on Thursday. The software maker reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08, Briefing.com reports. The company had revenue of $121.66 million during the quarter, compared to analysts’ expectations of $109.45 million. AlarmCom had a net margin of 4.55% and a negative return on equity of 86.44%. AlarmCom’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. AlarmCom updated its FY 2019 guidance to $1.39-1.41 EPS and its FY19 guidance to $1.39-1.41 EPS.

AlarmCom stock traded down $0.23 during midday trading on Friday, hitting $50.29. The company’s stock had a trading volume of 1,433,991 shares, compared to its average volume of 411,862. AlarmCom has a 1-year low of $40.92 and a 1-year high of $71.50. The company has a 50-day simple moving average of $51.24. The company has a market capitalization of $2.43 billion, a P/E ratio of 38.39, a price-to-earnings-growth ratio of 3.62 and a beta of 1.38.

A number of research firms have recently issued reports on ALRM. Northland Securities restated a “buy” rating and set a $73.00 target price on shares of AlarmCom in a research note on Friday, May 10th. Imperial Capital restated an “in-line” rating and set a $64.00 target price (up previously from $61.00) on shares of AlarmCom in a research note on Monday, May 13th. Roth Capital cut their target price on shares of AlarmCom from $73.00 to $55.00 in a research note on Tuesday, July 16th. Bank of America restated a “buy” rating and set a $78.00 target price (up previously from $67.00) on shares of AlarmCom in a research note on Friday, May 3rd. Finally, Maxim Group restated a “buy” rating and set a $79.00 target price on shares of AlarmCom in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $68.90.

In other AlarmCom news, CTO Jean-Paul Martin sold 952 shares of AlarmCom stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $58.41, for a total value of $55,606.32. Following the completion of the sale, the chief technology officer now owns 146,458 shares in the company, valued at approximately $8,554,611.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steve Valenzuela sold 1,083 shares of AlarmCom stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $57.99, for a total transaction of $62,803.17. Following the completion of the sale, the chief financial officer now owns 41,632 shares of the company’s stock, valued at approximately $2,414,239.68. The disclosure for this sale can be found here. Insiders sold a total of 3,304 shares of company stock valued at $192,544 in the last quarter. Corporate 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.

Recommended Story: What is the QQQ ETF?

Earnings History for AlarmCom (NASDAQ:ALRM)

Receive News & Ratings for AlarmCom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AlarmCom and related companies with MarketBeat.com's FREE daily email newsletter.