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.

ADT Stock Down 3.2 %

Shares of ADT stock traded down $0.26 on Friday, hitting $7.88. The company’s stock had a trading volume of 14,780,516 shares, compared to its average volume of 5,099,329. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $8.25. The firm’s fifty day moving average price is $7.18 and its 200-day moving average price is $7.15. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 11.27 and a beta of 1.53.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned $0.07 EPS. ADT’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that ADT will post 0.62 EPS for the current year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, December 12th. ADT’s payout ratio is presently 31.43%.

Wall Street Analyst Weigh In

ADT has been the subject of several analyst reports. Royal Bank of Canada lifted their price objective on shares of ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a research note on Friday. The Goldman Sachs Group boosted their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research report on Friday.

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.