ADT (ADT) to Announce Earnings on Thursday

ADT (NYSE:ADT) is scheduled to be releasing its earnings data before the market opens on Thursday, October 24th. Analysts expect ADT to post earnings of $0.15 per share for the quarter. ADT has set its FY 2024 guidance at 0.650-0.750 EPS and its FY24 guidance at $0.65-0.75 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

ADT (NYSE:ADT) last issued its earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $0.15 EPS. ADT’s revenue was up 3.2% on a year-over-year basis. On average, analysts expect ADT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ADT Price Performance

ADT opened at $6.96 on Wednesday. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 9.94 and a beta of 1.53. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. ADT has a 12-month low of $5.53 and a 12-month high of $7.92. The business’s fifty day simple moving average is $7.17 and its 200-day simple moving average is $7.15.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Friday, September 13th. ADT’s payout ratio is 31.43%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered 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.

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.