ADT (NYSE:ADT) Updates FY 2024 Earnings Guidance

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports 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 price objective on ADT from $7.50 to $8.30 and gave the company a buy rating in a research report on Thursday, February 29th.

ADT Stock Up 1.6 %

ADT traded up $0.10 during trading on Friday, hitting $6.43. 4,339,250 shares of the company’s stock traded hands, compared to its average volume of 5,175,475. The company’s 50 day simple moving average is $6.60 and its two-hundred day simple moving average is $6.44. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99. ADT has a 12-month low of $4.89 and a 12-month high of $7.60. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 12.86 and a beta of 1.57.

ADT (NYSE:ADT) last issued its earnings results on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.05. ADT had a return on equity of 14.85% and a net margin of 8.69%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $0.08 EPS. The company’s revenue was down 27.1% compared to the same quarter last year. Analysts predict that ADT will post 0.67 earnings per share for the current fiscal year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.22 annualized dividend and a yield of 3.42%. ADT’s dividend payout ratio is 44.00%.

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.