Frontdoor (FTDR) to Release Earnings on Monday

Frontdoor (NASDAQ:FTDR) will be issuing its quarterly earnings data before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Frontdoor has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.27. The business had revenue of $542.00 million during the quarter, compared to analysts’ expectations of $536.74 million. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. Frontdoor’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. On average, analysts expect Frontdoor to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Frontdoor Price Performance

Shares of FTDR stock opened at $49.97 on Monday. The stock’s fifty day simple moving average is $48.57 and its 200 day simple moving average is $40.46. Frontdoor has a one year low of $28.25 and a one year high of $53.10. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 19.15 and a beta of 1.04. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. The Goldman Sachs Group lifted their target price on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a research note on Friday, August 2nd. Finally, William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.75.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.