Frontdoor FY2024 EPS Forecast Increased by William Blair

Frontdoor, Inc. (NASDAQ:FTDR - Free Report) - Stock analysts at William Blair raised their FY2024 EPS estimates for shares of Frontdoor in a research report issued to clients and investors on Monday, November 4th. William Blair analyst J. Schmitt now expects that the company will post earnings per share of $3.18 for the year, up from their previous forecast of $2.85. William Blair has a "Outperform" rating on the stock. The consensus estimate for Frontdoor's current full-year earnings is $2.79 per share. William Blair also issued estimates for Frontdoor's Q2 2025 earnings at $1.18 EPS, Q3 2025 earnings at $1.30 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $3.00 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $1.41 EPS and FY2026 earnings at $3.20 EPS.

Several other brokerages have also issued reports on FTDR. The Goldman Sachs Group lifted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday. Truist Financial lifted their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $49.50.

Frontdoor Price Performance

Shares of NASDAQ FTDR traded up $2.52 during midday trading on Wednesday, hitting $57.34. 1,048,423 shares of the company's stock were exchanged, compared to its average volume of 727,286. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66. The business's fifty day moving average price is $49.02 and its two-hundred day moving average price is $41.49. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 18.64 and a beta of 1.03. Frontdoor has a 12-month low of $29.41 and a 12-month high of $57.49.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The business had revenue of $540.00 million during the quarter, compared to analysts' expectations of $541.88 million. During the same period in the previous year, the business earned $0.94 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis.

Institutional Investors Weigh In On Frontdoor

Institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC bought a new position in Frontdoor during the 3rd quarter worth approximately $27,000. V Square Quantitative Management LLC purchased a new position in shares of Frontdoor in the third quarter worth $31,000. GAMMA Investing LLC increased its stake in shares of Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock worth $30,000 after buying an additional 418 shares during the period. Quarry LP raised its holdings in Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after buying an additional 894 shares during the last quarter. Finally, Covestor Ltd boosted its position in Frontdoor by 288.6% during the 1st quarter. Covestor Ltd now owns 1,154 shares of the company's stock valued at $38,000 after buying an additional 857 shares during the period.

About Frontdoor

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.