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.

Analysts Set New Price Targets

ADT has been the topic of a number of recent research reports. Barclays dropped their target price on ADT from $8.00 to $7.00 and set an underweight rating on the stock in a report on Friday, March 22nd. The Goldman Sachs Group lifted their price target on ADT from $7.50 to $8.30 and gave the stock a buy rating in a report on Thursday, February 29th.

ADT Stock Performance

Shares of NYSE ADT traded up $0.10 during mid-day trading on Friday, hitting $6.43. The company had a trading volume of 4,339,250 shares, compared to its average volume of 5,175,475. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 12.76 and a beta of 1.57. ADT has a 1 year low of $4.89 and a 1 year 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’s 50-day moving average price is $6.61 and its 200-day moving average price is $6.44.

ADT (NYSE:ADT) last announced its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.25 billion. ADT had a return on equity of 14.85% and a net margin of 8.69%. The firm’s quarterly revenue was down 27.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 earnings per share. On average, sell-side analysts forecast that ADT will post 0.67 earnings per share for the current year.

ADT Announces Dividend

The firm 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 dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 13th. ADT’s payout ratio is 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.