Frontdoor (NASDAQ:FTDR) Issues Earnings Results

Frontdoor (NASDAQ:FTDR) announced its earnings results on Thursday. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.16, Zacks reports. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. Frontdoor updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Frontdoor Price Performance

FTDR stock traded down $9.16 during midday trading on Thursday, hitting $48.01. 1,450,311 shares of the stock were exchanged, compared to its average volume of 654,723. Frontdoor has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 15.98 and a beta of 1.08. The stock’s 50-day moving average price is $57.64 and its 200-day moving average price is $53.73. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Insider Activity

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the transaction, the senior vice president now owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the transaction, the chief operating officer now directly owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FTDR shares. The Goldman Sachs Group raised their price target on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Truist Financial upped their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.75.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.