ADT (NYSE:ADT) Releases FY 2024 Earnings Guidance

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

ADT Stock Up 1.6 %

Shares of ADT stock traded up $0.10 during trading on Friday, hitting $6.43. 4,339,252 shares of the stock traded hands, compared to its average volume of 4,016,974. The stock has a market cap of $5.93 billion, a P/E ratio of 9.19 and a beta of 1.57. The company has a fifty day moving average price of $6.60 and a two-hundred day moving average price of $6.44. ADT has a twelve month low of $4.89 and a twelve month 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 issued its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. ADT had a net margin of 12.81% and a return on equity of 15.98%. The company’s revenue for the quarter was down 27.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 earnings per share. Equities research analysts predict that ADT will post 0.67 EPS for the current fiscal year.

ADT Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on ADT. The Goldman Sachs Group lifted their price target on shares of ADT from $7.50 to $8.30 and gave the company a buy rating in a research report on Thursday, February 29th. Barclays lowered their price objective on shares of ADT from $8.00 to $7.00 and set an underweight rating on the stock in a research note on Friday, March 22nd.

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.