ADT (NYSE:ADT – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Report on ADT
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.
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