ADT (NYSE:ADT) Announces Earnings Results, Beats Expectations By $0.03 EPS

ADT (NYSE:ADT) posted its 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 return on equity of 15.45% and a net margin of 13.83%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $0.07 earnings per share. The business’s 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 Performance

ADT traded down $0.23 during trading on Friday, reaching $7.91. 9,928,592 shares of the company’s stock were exchanged, compared to its average volume of 5,075,890. The company has a market capitalization of $7.30 billion, a P/E ratio of 11.27 and a beta of 1.53. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The business has a 50 day moving average price of $7.18 and a 200 day moving average price of $7.15. ADT has a fifty-two week low of $5.53 and a fifty-two week high of $8.25.

ADT Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.78%. ADT’s payout ratio is 31.43%.

Analysts Set New Price Targets

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

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.