ADT Inc (NYSE:ADT) declared a quarterly dividend on Thursday, March 15th, Zacks reports. Shareholders of record on Monday, March 26th will be paid a dividend of 0.035 per share by the security and automation business on Thursday, April 5th. This represents a $0.14 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, March 23rd.
ADT (ADT) opened at $8.73 on Friday. ADT has a 1-year low of $8.70 and a 1-year high of $13.02.
ADT (NYSE:ADT) last issued its earnings results on Thursday, March 15th. The security and automation business reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.20). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the business posted ($0.07) earnings per share. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. sell-side analysts forecast that ADT will post 0.42 earnings per share for the current fiscal year.
ADT has been the topic of several research reports. Goldman Sachs initiated coverage on shares of ADT in a research report on Tuesday, February 13th. They issued a “buy” rating and a $19.00 price target on the stock. Royal Bank of Canada initiated coverage on shares of ADT in a research report on Tuesday, February 13th. They issued an “outperform” rating and a $16.00 price target on the stock. Deutsche Bank initiated coverage on shares of ADT in a research report on Tuesday, February 13th. They issued a “buy” rating and a $16.00 price target on the stock. Morgan Stanley initiated coverage on shares of ADT in a research report on Tuesday, February 13th. They issued an “overweight” rating and a $18.00 price target on the stock. Finally, Credit Suisse Group initiated coverage on shares of ADT in a research report on Tuesday, February 13th. They issued a “neutral” rating and a $14.00 price target on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $15.88.
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ADT Inc is a provider of monitored security, interactive home and business automation and related monitoring services in the United States and Canada. The Company offers a range of products home security systems, home automation, security cameras, fire, home and safety, and monitoring services. It also offers residential, commercial, and multi-site customers a comprehensive set of burglary, video, access control, fire and smoke alarm, and medical alert solutions.
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