ADT (NYSE:ADT) Updates FY24 Earnings Guidance

ADT (NYSE:ADT) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $0.60-0.70 for the period, compared to the consensus earnings per share estimate of $0.65. ADT also updated its FY 2024 guidance to 0.600-0.700 EPS.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ADT shares. Barclays dropped their price target on shares of ADT from $8.00 to $7.00 and set an underweight rating for the company in a research report on Friday, March 22nd. The Goldman Sachs Group lifted their price target on shares of ADT from $7.50 to $8.30 and gave the company a buy rating in a research report on Thursday, February 29th.

ADT Price Performance

NYSE:ADT traded up $0.10 during mid-day trading on Friday, reaching $6.43. The stock had a trading volume of 4,339,252 shares, compared to its average volume of 4,016,974. The stock has a 50-day simple moving average of $6.60 and a two-hundred day simple moving average of $6.44. The stock has a market capitalization of $5.93 billion, a PE ratio of 9.19 and a beta of 1.57. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.71 and a quick ratio of 0.52. ADT has a 12 month low of $4.89 and a 12 month high of $7.60.

ADT (NYSE:ADT) last announced its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.25 billion. ADT had a net margin of 12.81% and a return on equity of 15.98%. The firm’s quarterly revenue was down 27.1% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. On average, equities analysts anticipate that ADT will post 0.67 earnings per share for the current year.

ADT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 9th. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.055 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.42%. ADT’s payout ratio is presently 31.43%.

About ADT

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.