ADT (NYSE:ADT) Releases FY24 Earnings Guidance

ADT (NYSE:ADT) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.60-0.70 for the period, compared to the consensus estimate of $0.65. ADT also updated its FY 2024 guidance to 0.600-0.700 EPS.

ADT Stock Performance

ADT traded up $0.10 during trading hours 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. ADT has a fifty-two week low of $4.89 and a fifty-two week high of $7.60. The company has a current ratio of 0.71, a quick ratio of 0.52 and a debt-to-equity ratio of 2.03. The firm has a market capitalization of $5.93 billion, a PE ratio of 9.19 and a beta of 1.57. The company has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $6.44.

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

ADT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.42%. The ex-dividend date is Thursday, June 13th. ADT’s dividend payout ratio is presently 31.43%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADT. Barclays decreased their target price on ADT from $8.00 to $7.00 and set an underweight rating for the company in a research report on Friday, March 22nd. The Goldman Sachs Group raised their target price on ADT from $7.50 to $8.30 and gave the stock a buy rating in a research report on Thursday, February 29th.

ADT Company Profile

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.