ADT (NYSE:ADT) Announces Quarterly Earnings Results

ADT (NYSE:ADTGet 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

A number of large investors have recently modified their holdings of the company. Ariel Investments LLC increased its position in ADT by 0.9% during the 4th quarter. Ariel Investments LLC now owns 24,512,631 shares of the security and automation business’s stock worth $206,151,000 after purchasing an additional 225,370 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of ADT by 12.4% in the 4th quarter. Alliancebernstein L.P. now owns 19,685,640 shares of the security and automation business’s stock valued at $165,556,000 after acquiring an additional 2,171,385 shares during the period. Vanguard Group Inc. lifted its holdings in shares of ADT by 26.3% during the 1st quarter. Vanguard Group Inc. now owns 18,580,954 shares of the security and automation business’s stock valued at $141,029,000 after acquiring an additional 3,864,889 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in ADT by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,097,912 shares of the security and automation business’s stock worth $31,103,000 after purchasing an additional 221,289 shares during the period. Finally, State Street Corp increased its holdings in ADT by 2.6% in the 1st quarter. State Street Corp now owns 2,752,851 shares of the security and automation business’s stock valued at $20,989,000 after purchasing an additional 70,849 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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

(Get Rating)

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.

Featured Stories

Earnings History for ADT (NYSE:ADT)

Receive News & Ratings for ADT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADT and related companies with MarketBeat.com's FREE daily email newsletter.