ADT (NYSE:ADT) Issues FY24 Earnings Guidance

ADT (NYSE:ADT) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.70-0.75 for the period, compared to the consensus estimate of $0.68. The company issued revenue guidance of $4.85-4.95 billion, compared to the consensus revenue estimate of $4.89 billion. ADT also updated its FY 2024 guidance to 0.700-0.750 EPS.

ADT Stock Down 3.2 %

ADT stock opened at $7.88 on Friday. ADT has a one year low of $5.53 and a one year high of $8.25. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. The firm’s fifty day moving average is $7.19 and its 200 day moving average is $7.17. The firm has a market cap of $7.27 billion, a PE ratio of 11.26 and a beta of 1.53.

ADT (NYSE:ADT) last announced its quarterly earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. ADT’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. On average, research analysts forecast that ADT will post 0.62 EPS for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, December 12th. ADT’s payout ratio is 31.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price target on shares of ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday.

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.