Frontdoor (FTDR) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Frontdoor (NASDAQ:FTDR) posted its earnings results on Monday. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02, Morningstar.com reports. The firm had revenue of $377.00 million for the quarter, compared to analysts’ expectations of $369.50 million. Frontdoor’s quarterly revenue was up 9.0% on a year-over-year basis. Frontdoor updated its FY 2018 guidance to EPS.

Shares of FTDR stock traded down $10.36 during mid-day trading on Tuesday, hitting $24.77. 152,645 shares of the stock were exchanged, compared to its average volume of 975,015. Frontdoor has a 52-week low of $30.00 and a 52-week high of $49.92.

Several research firms have recently issued reports on FTDR. Compass Point lowered their target price on shares of Frontdoor from $51.75 to $42.00 and set a “buy” rating on the stock in a research note on Tuesday. Oppenheimer set a $40.00 target price on shares of Frontdoor and gave the stock a “buy” rating in a research note on Monday. UBS Group lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Gabelli began coverage on shares of Frontdoor in a research note on Tuesday, October 2nd. They set a “buy” rating and a $55.00 target price on the stock. Finally, CIBC began coverage on shares of Frontdoor in a research note on Tuesday, October 2nd. They set an “outperform” rating and a $48.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Frontdoor currently has a consensus rating of “Buy” and an average target price of $46.25.

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About Frontdoor

frontdoor, inc. operates a home services platform that provides home service plans to homeowners in the United States. It provides services under the HSA, OneGuard, Landmark, and American Home Shield brand names. The company serves homeowners who require assistance with technical home repair issues by utilizing its network of pre-qualified professional contractor firms.

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