Frontdoor (NASDAQ:FTDR) Releases Earnings Results, Beats Estimates By $0.33 EPS

Frontdoor (NASDAQ:FTDR) released its quarterly earnings data on Monday. The company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33, Briefing.com reports. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. Frontdoor updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Frontdoor Stock Up 2.5 %

Shares of NASDAQ:FTDR traded up $1.33 during mid-day trading on Tuesday, hitting $54.26. 290,721 shares of the company traded hands, compared to its average volume of 721,901. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. Frontdoor has a 52-week low of $29.41 and a 52-week high of $54.35. The firm’s 50 day simple moving average is $48.90 and its 200 day simple moving average is $41.32. The firm has a market cap of $4.15 billion, a P/E ratio of 20.47 and a beta of 1.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial raised their price objective on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. The Goldman Sachs Group raised their target price on Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a report on Friday, August 2nd. Finally, William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $48.25.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.