ADT (NYSE:ADT) Releases FY 2024 Earnings Guidance

ADT (NYSE:ADT) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.600-0.700 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of -. ADT also updated its FY24 guidance to $0.60-0.70 EPS.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ADT. Barclays cut their price objective on ADT from $8.00 to $7.00 and set an underweight rating for the company in a research 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 research report on Thursday, February 29th.

ADT Trading Up 1.6 %

Shares of ADT stock traded up $0.10 on Friday, hitting $6.43. 4,339,250 shares of the company traded hands, compared to its average volume of 5,175,475. The stock’s 50 day moving average price is $6.60 and its 200-day moving average price is $6.44. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99. ADT has a 52 week low of $4.89 and a 52 week high of $7.60. The company has a market cap of $5.93 billion, a PE ratio of 12.86 and a beta of 1.57.

ADT (NYSE:ADT) last posted 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. ADT had a net margin of 8.69% and a return on equity of 14.85%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s revenue was down 27.1% on a year-over-year basis. Equities research analysts predict that ADT will post 0.67 EPS for the current year.

ADT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, June 13th will be paid 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 (DPR) is 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.