ADT (NYSE:ADT) Announces Earnings Results

ADT (NYSE:ADT) released its quarterly earnings results on Thursday. The security and automation business reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03, Briefing.com reports. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $0.07 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. ADT updated its FY 2024 guidance to 0.700-0.750 EPS and its FY24 guidance to $0.70-0.75 EPS.

ADT Stock Down 3.2 %

ADT stock opened at $7.88 on Friday. The company has a fifty day simple moving average of $7.19 and a 200 day simple moving average of $7.17. 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 1-year low of $5.53 and a 1-year high of $8.25. The company has a market cap of $7.27 billion, a P/E ratio of 11.26 and a beta of 1.53.

ADT Announces Dividend

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

Analysts Set New Price Targets

ADT has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada upped their price objective on ADT from $8.00 to $9.00 and gave the stock a “sector perform” 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.