ADT Inc. Announces Quarterly Dividend of $0.06 (NYSE:ADT)

ADT Inc. (NYSE:ADT) declared a quarterly dividend on Thursday, October 24th,Zacks Dividends reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.055 per share by the security and automation business on Thursday, January 9th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, December 12th.

ADT has a payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ADT to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 27.8%.

ADT Price Performance

NYSE:ADT opened at $7.41 on Tuesday. The business’s 50-day moving average is $7.37 and its 200 day moving average is $7.35. ADT has a 12 month low of $6.02 and a 12 month high of $8.25. The company has a market capitalization of $6.72 billion, a P/E ratio of 8.05 and a beta of 1.49. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 1.93.

ADT (NYSE:ADT) last issued its quarterly earnings data on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. ADT had a return on equity of 17.77% and a net margin of 18.18%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that ADT will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADT. The Goldman Sachs Group boosted their target price on shares of ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price target on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday, October 25th.

ADT Company Profile

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.