ADT (NYSE:ADT) Updates FY24 Earnings Guidance

ADT (NYSE:ADT) updated its FY24 earnings guidance on Thursday. 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.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. The Goldman Sachs Group upped their price target on shares of ADT from $7.50 to $8.30 and gave the company a buy rating in a report on Thursday, February 29th. Barclays dropped their price target on shares of ADT from $8.00 to $7.00 and set an underweight rating for the company in a research report on Friday, March 22nd.

ADT Stock Up 1.6 %

NYSE ADT traded up $0.10 during trading hours on Friday, reaching $6.43. 4,339,250 shares of the company traded hands, compared to its average volume of 5,175,475. ADT has a 12 month low of $4.89 and a 12 month high of $7.60. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $5.93 billion, a PE ratio of 12.76 and a beta of 1.57. The company has a 50 day moving average of $6.61 and a two-hundred day moving average of $6.44.

ADT (NYSE:ADT) last issued its earnings results on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. ADT had a net margin of 8.69% and a return on equity of 14.85%. The firm’s revenue was down 27.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. As a group, equities analysts expect that ADT will post 0.67 earnings per share for the current year.

ADT Announces Dividend

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