Frontdoor (FTDR) Scheduled to Post Quarterly Earnings on Thursday

Frontdoor (NASDAQ:FTDR) is scheduled to announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Frontdoor has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. The business had revenue of $366.00 million during the quarter, compared to the consensus estimate of $360.47 million. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. On average, analysts expect Frontdoor to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Frontdoor Stock Up 0.7 %

FTDR stock opened at $31.28 on Tuesday. Frontdoor has a 52 week low of $26.09 and a 52 week high of $38.97. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.24. The company has a market cap of $2.44 billion, a P/E ratio of 14.75 and a beta of 0.89. The company’s 50-day moving average price is $31.30 and its 200 day moving average price is $32.73.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their price target on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and an average price target of $39.40.

About Frontdoor

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.