ADT (NYSE:ADT) Releases FY 2024 Earnings Guidance

ADT (NYSE:ADT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.600-0.700 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of -. ADT also updated its FY24 guidance to $0.60-0.70 EPS.

ADT Stock Up 1.6 %

Shares of ADT traded up $0.10 during mid-day trading on Friday, hitting $6.43. 4,339,250 shares of the company’s stock were exchanged, compared to its average volume of 5,175,475. The company has a market cap of $5.93 billion, a PE ratio of 12.86 and a beta of 1.57. ADT has a 52 week low of $4.89 and a 52 week high of $7.60. The company has a 50-day simple moving average of $6.60 and a 200 day simple moving average of $6.44. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.52.

ADT (NYSE:ADT) last issued its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.25 billion. ADT had a net margin of 8.69% and a return on equity of 14.85%. The business’s quarterly revenue was down 27.1% on a year-over-year basis. During the same period last year, the business earned $0.08 EPS. On average, research analysts forecast that ADT will post 0.67 earnings per share for the current fiscal year.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 9th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.22 annualized dividend and a dividend yield of 3.42%. ADT’s dividend payout ratio is currently 44.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADT. The Goldman Sachs Group increased their price objective on ADT from $7.50 to $8.30 and gave the company a buy rating in a report on Thursday, February 29th. Barclays cut their price objective on ADT from $8.00 to $7.00 and set an underweight rating for the company in a report on Friday, March 22nd.

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.