ADT (NYSE:ADT) Posts Earnings Results, Beats Expectations By $0.03 EPS

ADT (NYSE:ADT) announced its quarterly earnings data on Thursday. The security and automation business reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.03, Briefing.com reports. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. ADT updated its FY 2024 guidance to 0.700-0.750 EPS and its FY24 guidance to $0.70-0.75 EPS.

ADT Price Performance

ADT opened at $7.88 on Friday. The stock has a market cap of $7.27 billion, a P/E ratio of 11.26 and a beta of 1.53. ADT has a 12 month low of $5.53 and a 12 month high of $8.25. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The company has a fifty day simple moving average of $7.19 and a 200 day simple moving average of $7.17.

ADT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be issued 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 dividend payout ratio (DPR) is 31.43%.

Wall Street Analysts Forecast Growth

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