Frontdoor (NASDAQ:FTDR) Posts Earnings Results

Frontdoor (NASDAQ:FTDR) posted its quarterly earnings data on Monday. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33, Briefing.com reports. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.94 earnings per share. Frontdoor updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Frontdoor Stock Up 6.9 %

FTDR stock opened at $52.93 on Tuesday. Frontdoor has a one year low of $29.41 and a one year high of $53.60. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s fifty day moving average is $48.90 and its 200 day moving average is $41.32. The firm has a market cap of $4.05 billion, a PE ratio of 20.28 and a beta of 1.03.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. The Goldman Sachs Group upped their price target on shares of Frontdoor from $33.00 to $41.00 and gave the company a “sell” rating in a report on Friday, August 2nd. Finally, Truist Financial lifted their price objective on Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Frontdoor currently has a consensus rating of “Hold” and a consensus target price of $47.75.

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.