ADT (NYSE:ADT – Get Rating) issued its quarterly earnings results on Thursday. The security and automation business reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.12), Briefing.com reports. ADT had a negative net margin of 0.39% and a negative return on equity of 2.18%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter last year, the firm posted ($0.07) earnings per share. The company’s revenue was up 22.8% on a year-over-year basis. ADT updated its FY 2022 guidance to EPS.
ADT Trading Up 4.2 %
ADT stock traded up $0.32 during trading on Friday, reaching $8.02. 4,168,424 shares of the stock traded hands, compared to its average volume of 1,675,955. The firm has a market capitalization of $7.27 billion, a PE ratio of -200.50 and a beta of 2.01. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.50 and a quick ratio of 0.43. The business’s 50 day moving average price is $6.87 and its 200-day moving average price is $7.16. ADT has a 52-week low of $6.00 and a 52-week high of $10.39.
ADT Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Thursday, September 15th will be given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, September 14th. ADT’s dividend payout ratio (DPR) is currently -350.00%.
Hedge Funds Weigh In On ADT
Analysts Set New Price Targets
Separately, Morgan Stanley dropped their target price on ADT from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th.
ADT Company Profile
ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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