ADT (NYSE:ADT) Issues FY24 Earnings Guidance

ADT (NYSE:ADT) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $0.70-0.75 for the period, compared to the consensus EPS estimate of $0.68. The company issued revenue guidance of $4.85-4.95 billion, compared to the consensus revenue estimate of $4.89 billion. ADT also updated its FY 2024 guidance to 0.700-0.750 EPS.

Analyst Ratings Changes

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

ADT Trading Down 3.2 %

ADT stock traded down $0.26 during mid-day trading on Friday, reaching $7.88. 14,797,585 shares of the stock traded hands, compared to its average volume of 5,099,404. ADT has a 52-week low of $5.53 and a 52-week high of $8.25. The stock’s fifty day moving average is $7.19 and its 200-day moving average is $7.16. The company has a market cap of $7.27 billion, a P/E ratio of 11.26 and a beta of 1.53. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98.

ADT (NYSE:ADT) last released its 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. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, sell-side analysts expect that ADT will post 0.62 earnings per share for the current year.

ADT Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, December 12th. ADT’s payout ratio is 31.43%.

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.