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.

A number of other research analysts also recently commented on the stock. Wells Fargo & Co downgraded shares of Frontdoor from an “outperform” rating to a “market perform” rating and increased their price target for the company from $50.00 to $55.00 in a report on Thursday, September 26th. Guggenheim increased their price target on shares of Frontdoor from $43.00 to $55.00 and gave the company a “buy” rating in a report on Monday, August 19th. Zacks Investment Research downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. SunTrust Banks reaffirmed a “buy” rating and issued a $50.00 price target on shares of Frontdoor in a report on Monday. Finally, Buckingham Research downgraded shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $46.83.

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.

About Frontdoor

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.

Read More: How interest rates affect municipal bond prices

Earnings History and Estimates for Frontdoor (NASDAQ:FTDR)

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