Frontdoor, Inc. to Post Q2 2024 Earnings of $1.00 Per Share, William Blair Forecasts (NASDAQ:FTDR)

Frontdoor, Inc. (NASDAQ:FTDR) – Investment analysts at William Blair lifted their Q2 2024 earnings estimates for shares of Frontdoor in a research note issued to investors on Thursday, May 2nd. William Blair analyst J. Schmitt now anticipates that the company will earn $1.00 per share for the quarter, up from their prior forecast of $0.97. The consensus estimate for Frontdoor’s current full-year earnings is $2.39 per share. William Blair also issued estimates for Frontdoor’s Q3 2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $2.70 EPS.

Separately, Wells Fargo & Company increased their target price on Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontdoor has an average rating of “Hold” and an average target price of $40.00.

Frontdoor Price Performance

FTDR stock opened at $35.95 on Monday. The stock has a 50-day moving average price of $31.32 and a two-hundred day moving average price of $32.83. The stock has a market cap of $2.80 billion, a PE ratio of 15.77 and a beta of 0.89. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.54. Frontdoor has a 1 year low of $28.25 and a 1 year high of $38.97.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 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 analysts’ expectations of $360.47 million. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS.

Hedge Funds Weigh In On Frontdoor

Several hedge funds have recently modified their holdings of the stock. Jackson Creek Investment Advisors LLC acquired a new stake in Frontdoor in the 3rd quarter valued at about $822,000. Reinhart Partners LLC. lifted its stake in Frontdoor by 11.0% in the 4th quarter. Reinhart Partners LLC. now owns 1,984,123 shares of the company’s stock valued at $69,881,000 after purchasing an additional 197,019 shares during the last quarter. Summit Global Investments acquired a new stake in Frontdoor in the 4th quarter valued at about $1,311,000. Lazard Asset Management LLC lifted its stake in Frontdoor by 500.6% in the 3rd quarter. Lazard Asset Management LLC now owns 45,158 shares of the company’s stock valued at $1,381,000 after purchasing an additional 37,639 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Frontdoor in the 3rd quarter valued at about $88,000.

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.