ADT (ADT) Set to Announce Earnings on Thursday

ADT (NYSE:ADT) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect ADT to post earnings of $0.15 per share for the quarter. ADT has set its FY 2024 guidance at 0.600-0.700 EPS and its FY24 guidance at $0.60-$0.70 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

ADT (NYSE:ADT) last posted its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $1.20 billion for 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 revenue for the quarter was down 27.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. On average, analysts expect ADT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ADT Trading Up 1.6 %

NYSE ADT opened at $6.29 on Tuesday. The company’s 50-day moving average price is $6.63 and its 200-day moving average price is $6.44. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99. The stock has a market cap of $5.80 billion, a PE ratio of 12.58 and a beta of 1.57. ADT has a 12 month low of $4.89 and a 12 month high of $7.60.

ADT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 14th were paid a $0.055 dividend. The ex-dividend date was Wednesday, March 13th. This is a positive change from ADT’s previous quarterly dividend of $0.04. This represents a $0.22 dividend on an annualized basis and a yield of 3.50%. ADT’s dividend payout ratio is 44.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on ADT shares. The Goldman Sachs Group upped their price objective on shares of ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Barclays lowered their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Friday, March 22nd.

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.