Traders Purchase Large Volume of ADT Call Options (ADT)

ADT Inc (NYSE:ADT) was the recipient of some unusual options trading activity on Thursday. Investors bought 2,821 call options on the stock. This represents an increase of approximately 893% compared to the average daily volume of 284 call options.

Several brokerages recently commented on ADT. Morgan Stanley began coverage on shares of ADT in a research note on Tuesday, February 13th. They issued 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 for the company. 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 for the company. 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 for the company. 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 for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $15.88.

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NYSE:ADT opened at $8.75 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.51 and a debt-to-equity ratio of 2.95. The company has a market capitalization of $6,598.23 and a PE ratio of -25.00. ADT has a 1-year low of $7.36 and a 1-year high of $13.02.

ADT (NYSE:ADT) last released its earnings results on Thursday, March 15th. The security and automation business reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.20). The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm posted ($0.07) EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. research analysts anticipate that ADT will post 0.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 5th. Investors of record on Monday, March 26th were issued a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 23rd. This represents a $0.14 dividend on an annualized basis and a yield of 1.60%. ADT’s payout ratio is -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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