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 0.700-0.750 for the period, compared to the consensus estimate of 0.690. The company issued revenue guidance of $4.9 billion-$5.0 billion, compared to the consensus revenue estimate of $4.9 billion. ADT also updated its FY24 guidance to $0.70-0.75 EPS.

ADT Stock Down 3.2 %

Shares of NYSE ADT traded down $0.26 on Friday, reaching $7.88. 11,181,104 shares of the company’s stock traded hands, compared to its average volume of 5,081,940. ADT has a 12 month low of $5.53 and a 12 month high of $8.25. The business’s 50 day simple moving average is $7.18 and its two-hundred day simple moving average is $7.15. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 11.27 and a beta of 1.53. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT) last posted its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company earned $0.07 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts forecast that ADT will post 0.62 EPS for the current fiscal year.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s payout ratio is 31.43%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADT. Royal Bank of Canada lifted their target price on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday.

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.