Alarm.com (NASDAQ:ALRM) Issues FY 2024 Earnings Guidance

Alarm.com (NASDAQ:ALRM) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 2.250-2.270 for the period, compared to the consensus EPS estimate of 2.070. The company issued revenue guidance of $933.7 million-$935.9 million, compared to the consensus revenue estimate of $926.5 million. Alarm.com also updated its FY24 guidance to $2.25-$2.27 EPS.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ALRM shares. The Goldman Sachs Group boosted their price target on shares of Alarm.com from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday. StockNews.com raised shares of Alarm.com from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Jefferies Financial Group began coverage on Alarm.com in a report on Tuesday, November 5th. They issued a “buy” rating and a $65.00 price target for the company. Roth Mkm decreased their price objective on Alarm.com from $78.00 to $73.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays increased their price objective on Alarm.com from $60.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Alarm.com presently has an average rating of “Hold” and an average target price of $68.40.

Alarm.com Price Performance

Shares of ALRM stock traded up $6.37 on Friday, reaching $63.51. The company’s stock had a trading volume of 903,716 shares, compared to its average volume of 324,223. The company has a market capitalization of $3.13 billion, a P/E ratio of 31.60, a PEG ratio of 3.49 and a beta of 0.90. The company has a quick ratio of 8.70, a current ratio of 9.25 and a debt-to-equity ratio of 1.52. The stock’s 50 day simple moving average is $54.81 and its 200-day simple moving average is $61.31. Alarm.com has a 12-month low of $51.19 and a 12-month high of $77.29.

Alarm.com (NASDAQ:ALRM) last issued its quarterly earnings results on Thursday, August 8th. The software maker reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The firm had revenue of $233.80 million during the quarter, compared to the consensus estimate of $227.35 million. Alarm.com had a return on equity of 13.00% and a net margin of 11.92%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.33 EPS. As a group, equities analysts predict that Alarm.com will post 1.4 earnings per share for the current fiscal year.

Insider Buying and Selling at Alarm.com

In other news, CFO Steve Valenzuela sold 7,400 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $60.27, for a total value of $445,998.00. Following the transaction, the chief financial officer now owns 37,500 shares of the company’s stock, valued at $2,260,125. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Steve Valenzuela sold 7,400 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $60.27, for a total value of $445,998.00. Following the completion of the transaction, the chief financial officer now directly owns 37,500 shares in the company, valued at approximately $2,260,125. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel Ramos sold 9,476 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $61.81, for a total value of $585,711.56. Following the transaction, the insider now owns 41,100 shares in the company, valued at $2,540,391. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company 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.