ADT (NYSE:ADT) Shares Gap Down – Here’s What Happened

ADT Inc. (NYSE:ADT)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.88, but opened at $7.42. ADT shares last traded at $7.33, with a volume of 10,264,090 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price objective on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday. The Goldman Sachs Group increased their price target on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a report on Friday.

ADT Trading Down 6.2 %

The company has a market capitalization of $6.82 billion, a P/E ratio of 10.57 and a beta of 1.53. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. The stock has a fifty day moving average of $7.19 and a 200 day moving average of $7.17.

ADT (NYSE:ADT) last issued its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. As a group, equities research analysts anticipate that ADT Inc. will post 0.62 EPS for the current fiscal year.

ADT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Thursday, December 12th. ADT’s dividend payout ratio (DPR) is 31.43%.

Institutional Trading of ADT

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in shares of ADT in the 2nd quarter valued at $26,000. Altshuler Shaham Ltd purchased a new position in shares of ADT in the second quarter worth $30,000. Duncker Streett & Co. Inc. purchased a new stake in shares of ADT during the second quarter valued at $38,000. Abich Financial Wealth Management LLC acquired a new position in shares of ADT in the 3rd quarter valued at $70,000. Finally, Diversify Advisory Services LLC purchased a new stake in ADT during the 2nd quarter valued at about $76,000. Institutional investors own 87.22% of the company’s stock.

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.