ADT (NYSE:ADT) Trading Up 5.7%

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ADT Inc (NYSE:ADT) was up 5.7% during mid-day trading on Monday . The company traded as high as $4.79 and last traded at $4.79, approximately 2,701,784 shares traded hands during trading. An increase of 15% from the average daily volume of 2,355,251 shares. The stock had previously closed at $4.53.

A number of equities analysts have issued reports on ADT shares. Royal Bank of Canada set a $10.00 price target on ADT and gave the company a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research lowered ADT from a “buy” rating to a “hold” rating in a research note on Monday, August 12th. ValuEngine raised ADT from a “hold” rating to a “buy” rating in a research note on Thursday, August 8th. Imperial Capital decreased their price target on ADT from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley lowered ADT from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $9.00 to $7.00 in a research note on Monday, May 13th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. ADT presently has an average rating of “Buy” and a consensus price target of $9.67.

The firm has a market capitalization of $3.35 billion, a P/E ratio of -29.25, a price-to-earnings-growth ratio of 0.67 and a beta of 2.06. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.32 and a current ratio of 0.42. The firm has a 50 day moving average price of $5.75 and a two-hundred day moving average price of $6.49.

ADT (NYSE:ADT) last released its quarterly earnings data on Tuesday, August 6th. The security and automation business reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.18). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. ADT had a negative return on equity of 1.75% and a negative net margin of 11.42%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share. Equities research analysts forecast that ADT Inc will post 0.87 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Tuesday, September 10th. ADT’s dividend payout ratio is presently -87.50%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADT. Commonwealth Bank of Australia bought a new stake in shares of ADT during the 2nd quarter worth $30,000. BNP Paribas Arbitrage SA boosted its stake in shares of ADT by 42.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,864 shares of the security and automation business’s stock worth $37,000 after acquiring an additional 1,741 shares in the last quarter. Two Sigma Advisers LP bought a new stake in shares of ADT during the 4th quarter worth $61,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of ADT during the 2nd quarter worth $66,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of ADT during the 2nd quarter worth $70,000. 98.85% of the stock is owned by institutional investors and hedge funds.

ADT Company Profile (NYSE:ADT)

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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