ADT (NYSE:ADT) Issues FY 2024 Earnings Guidance

ADT (NYSE:ADT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.600-0.700 for the period, compared to the consensus EPS estimate of 0.580. The company issued revenue guidance of -. ADT also updated its FY24 guidance to $0.60-0.70 EPS.

ADT Stock Performance

Shares of NYSE ADT traded up $0.10 during midday trading on Friday, hitting $6.43. The company’s stock had a trading volume of 4,339,252 shares, compared to its average volume of 4,016,974. The firm has a market cap of $5.93 billion, a P/E ratio of 9.19 and a beta of 1.57. The firm’s fifty day moving average price is $6.60 and its 200-day moving average price is $6.44. ADT has a 1-year low of $4.89 and a 1-year high of $7.60. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.52 and a current ratio of 0.71.

ADT (NYSE:ADT) last released its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. ADT had a net margin of 12.81% and a return on equity of 15.98%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $0.08 EPS. ADT’s revenue was down 27.1% on a year-over-year basis. On average, sell-side analysts forecast that ADT will post 0.67 EPS for the current fiscal year.

ADT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.42%. ADT’s dividend payout ratio (DPR) is 31.43%.

Analyst Ratings Changes

ADT has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of ADT from $7.50 to $8.30 and gave the stock a buy rating in a report on Thursday, February 29th. Barclays dropped their target price on shares of ADT from $8.00 to $7.00 and set an underweight rating on the stock in a report on Friday, March 22nd.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.