ADT (NYSE:ADT) issued its earnings results on Thursday, March 15th. The security and automation business reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.20), Morningstar.com reports. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) EPS.
ADT stock traded down $0.06 during trading on Friday, hitting $8.75. The stock had a trading volume of 3,687,662 shares, compared to its average volume of 4,806,207. ADT has a 1-year low of $7.36 and a 1-year high of $13.02. The company has a market capitalization of $6,598.23 and a price-to-earnings ratio of -25.00. The company has a current ratio of 0.51, a quick ratio of 0.39 and a debt-to-equity ratio of 2.95.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Monday, March 26th were paid a $0.035 dividend. This represents a $0.14 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, March 23rd. ADT’s payout ratio is -40.00%.
Several equities research analysts recently commented on the stock. Goldman Sachs assumed coverage on shares of ADT in a research report on Tuesday, February 13th. They issued a “buy” rating and a $19.00 price objective on the stock. Deutsche Bank assumed coverage on shares of ADT in a research report on Tuesday, February 13th. They issued a “buy” rating and a $16.00 price objective on the stock. Citigroup assumed coverage on shares of ADT in a research report on Tuesday, February 13th. They issued a “buy” rating and a $16.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of ADT from $18.00 to $15.00 and set an “overweight” rating on the stock in a research report on Friday, March 16th. Finally, Credit Suisse Group assumed coverage on shares of ADT in a research report on Tuesday, February 13th. They issued a “neutral” rating and a $14.00 price objective on the stock. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. ADT presently has an average rating of “Buy” and an average 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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