ADT (NYSE:ADT) Releases FY 2024 Earnings Guidance

ADT (NYSE:ADT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.700-0.750 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

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

ADT Trading Down 3.2 %

Shares of ADT stock traded down $0.26 during trading hours on Friday, reaching $7.88. The company’s stock had a trading volume of 11,181,104 shares, compared to its average volume of 5,081,940. The stock has a market capitalization of $7.27 billion, a P/E ratio of 11.27 and a beta of 1.53. ADT has a one year low of $5.53 and a one year high of $8.25. The firm’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $7.15. 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 (NYSE:ADT) last released 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. ADT had a net margin of 13.83% and a return on equity of 15.45%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the business posted $0.07 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts expect that ADT will post 0.62 EPS for the current year.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Thursday, December 12th. ADT’s payout ratio is currently 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.