ADT Inc (NYSE:ADT) gapped up before the market opened on Friday . The stock had previously closed at $9.45, but opened at $8.81. ADT shares last traded at $8.60, with a volume of 1844040 shares changing hands.
A number of brokerages recently weighed in on ADT. Morgan Stanley began coverage on shares of ADT in a report on Tuesday, February 13th. They set an “overweight” rating and a $18.00 price objective for the company. Royal Bank of Canada began coverage on shares of ADT in a research report on Tuesday, February 13th. They set an “outperform” rating and a $16.00 target price on the stock. Imperial Capital began coverage on shares of ADT in a research report on Tuesday, February 13th. They set an “outperform” rating and a $15.00 target price on the stock. Credit Suisse Group began coverage on shares of ADT in a research report on Tuesday, February 13th. They set a “neutral” rating and a $14.00 target price on the stock. Finally, Bank of America began coverage on shares of ADT in a research report on Tuesday, February 13th. They set a “buy” rating and a $16.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $15.88.
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 stock has a market cap of $6,598.23 and a P/E ratio of -25.00.
ADT (NYSE:ADT) last posted its earnings results on Thursday, March 15th. The security and automation business reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.07) earnings per share. analysts anticipate that ADT Inc will post 0.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 5th. Stockholders of record on Monday, March 26th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, March 23rd. ADT’s payout ratio is currently -40.00%.
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ADT Company Profile
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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