ADT (NYSE:ADT) Issues Quarterly Earnings Results, Hits Estimates

ADT (NYSE:ADT) released its earnings results on Thursday. The security and automation business reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17, Briefing.com reports. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 earnings per share. ADT updated its FY 2024 guidance to 0.650-0.750 EPS and its FY24 guidance to $0.65-0.75 EPS.

ADT Trading Down 2.3 %

NYSE:ADT traded down $0.16 on Friday, hitting $6.93. 5,250,105 shares of the stock were exchanged, compared to its average volume of 4,209,697. The stock has a market cap of $6.39 billion, a PE ratio of 9.90 and a beta of 1.59. The company has a current ratio of 0.75, a quick ratio of 0.56 and a debt-to-equity ratio of 1.98. The stock has a fifty day moving average of $7.43 and a 200-day moving average of $6.94. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $7.92.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.22 annualized dividend and a yield of 3.17%. ADT’s dividend payout ratio is presently 31.43%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada dropped their target price on ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday.

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.