Research Analysts Offer Predictions for Frontdoor Inc’s FY2019 Earnings (NASDAQ:FTDR)
Frontdoor Inc (NASDAQ:FTDR) – Equities researchers at Oppenheimer boosted their FY2019 earnings estimates for shares of Frontdoor in a note issued to investors on Tuesday, November 5th. Oppenheimer analyst I. Zaffino now anticipates that the company will post earnings per share of $1.85 for the year, up from their previous estimate of $1.83. Oppenheimer has a “Outperform” rating and a $50.00 price objective on the stock. Oppenheimer also issued estimates for Frontdoor’s Q4 2019 earnings at $0.20 EPS.
Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 11.23% and a negative return on equity of 54.13%. The firm had revenue of $407.00 million during the quarter, compared to the consensus estimate of $411.14 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year.
Shares of NASDAQ:FTDR traded up $0.01 during trading on Friday, reaching $44.26. The company’s stock had a trading volume of 6,575 shares, compared to its average volume of 451,879. Frontdoor has a 12 month low of $20.66 and a 12 month high of $53.29. The firm’s 50 day simple moving average is $49.28 and its two-hundred day simple moving average is $45.37. The stock has a market capitalization of $3.71 billion and a PE ratio of 25.01.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lisanti Capital Growth LLC bought a new stake in Frontdoor in the third quarter worth about $5,640,000. Rational Advisors LLC bought a new stake in Frontdoor in the third quarter worth about $343,000. Great Lakes Advisors LLC bought a new stake in Frontdoor in the third quarter worth about $6,907,000. First Trust Advisors LP lifted its stake in Frontdoor by 42.5% in the third quarter. First Trust Advisors LP now owns 97,437 shares of the company’s stock worth $4,733,000 after purchasing an additional 29,053 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Frontdoor by 21.1% in the third quarter. Russell Investments Group Ltd. now owns 391,383 shares of the company’s stock worth $18,987,000 after purchasing an additional 68,310 shares during the last quarter. 94.98% of the stock is owned by institutional investors and hedge funds.
frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.
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