ADT (NYSE:ADT) Releases FY 2024 Earnings Guidance

ADT (NYSE:ADT) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.700-0.750 for the period, compared to the consensus earnings per share estimate of 0.690. The company issued revenue guidance of $4.9 billion-$5.0 billion, compared to the consensus revenue estimate of $4.9 billion. ADT also updated its FY24 guidance to $0.70-0.75 EPS.

Analyst Ratings Changes

Separately, Royal Bank of Canada reduced their price target on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, August 2nd.

ADT Trading Up 17.6 %

Shares of NYSE ADT traded up $1.22 during midday trading on Thursday, hitting $8.14. The stock had a trading volume of 29,081,157 shares, compared to its average volume of 5,052,315. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 11.00 and a beta of 1.53. ADT has a 1-year low of $5.53 and a 1-year high of $8.25. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The company has a fifty day moving average price of $7.17 and a 200 day moving average price of $7.15.

ADT (NYSE:ADT) last released its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. On average, analysts predict that ADT will post 0.62 earnings per share for the current year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, September 13th. ADT’s dividend payout ratio (DPR) 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.