ADT (NYSE:ADT) Issues FY 2024 Earnings Guidance

ADT (NYSE:ADT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.700-0.750 for the period, compared to the consensus EPS 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 Stock Down 0.5 %

Shares of NYSE:ADT opened at $6.93 on Thursday. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 9.89 and a beta of 1.53. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. The business’s 50-day moving average is $7.17 and its 200-day moving average is $7.15. ADT has a 1 year low of $5.53 and a 1 year high of $7.92.

ADT (NYSE:ADT) last announced its quarterly earnings data on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. Equities research analysts predict that ADT will post 0.62 earnings per share for the current year.

ADT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, September 13th. ADT’s dividend payout ratio is 31.43%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their price objective on ADT from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd.

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.