ADT (NYSE:ADT) Releases 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.

Analyst Upgrades and Downgrades

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

ADT Stock Up 1.6 %

Shares of NYSE ADT traded up $0.10 during mid-day trading on Friday, reaching $6.43. 4,339,250 shares of the company’s stock were exchanged, compared to its average volume of 5,175,475. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 12.76 and a beta of 1.57. 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 business has a fifty day simple moving average of $6.61 and a 200 day simple moving average of $6.44. ADT has a twelve month low of $4.89 and a twelve month high of $7.60.

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

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Investors 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 yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 13th. ADT’s dividend payout ratio is presently 44.00%.

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.