Frontdoor (NASDAQ:FTDR) Issues Earnings Results

Frontdoor (NASDAQ:FTDR) released its earnings results on Thursday. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27, Briefing.com reports. The company had revenue of $542.00 million for the quarter, compared to analysts’ expectations of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. Frontdoor’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.87 EPS. Frontdoor updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Frontdoor Trading Down 1.1 %

FTDR traded down $0.50 on Friday, reaching $44.00. 1,310,949 shares of the company traded hands, compared to its average volume of 928,617. The company has a quick ratio of 1.14, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The firm has a fifty day simple moving average of $35.99 and a two-hundred day simple moving average of $33.74. The company has a market cap of $3.42 billion, a P/E ratio of 19.30 and a beta of 0.99. Frontdoor has a one year low of $28.25 and a one year high of $48.22.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday. Truist Financial lifted their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday. Wells Fargo & Company raised their target price on shares of Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. Finally, The Goldman Sachs Group upped their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a report on Friday.

About Frontdoor

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.