FY2024 EPS Estimates for Frontdoor Boosted by William Blair

Frontdoor, Inc. (NASDAQ:FTDR - Free Report) - Analysts at William Blair lifted their FY2024 earnings per share estimates for shares of Frontdoor in a note issued to investors on Thursday, January 16th. William Blair analyst J. Schmitt now forecasts that the company will post earnings of $3.25 per share for the year, up from their previous estimate of $3.18. The consensus estimate for Frontdoor's current full-year earnings is $3.14 per share. William Blair also issued estimates for Frontdoor's Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $1.48 EPS, Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $3.33 EPS, Q1 2026 earnings at $0.47 EPS, Q2 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.59 EPS and Q4 2026 earnings at $0.08 EPS.

FTDR has been the topic of a number of other reports. Truist Financial lifted their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. 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 report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.50.

Frontdoor Trading Up 2.6 %

Shares of FTDR traded up $1.48 during mid-day trading on Monday, reaching $58.53. The company had a trading volume of 537,005 shares, compared to its average volume of 479,934. Frontdoor has a fifty-two week low of $29.41 and a fifty-two week high of $60.42. The firm has a fifty day simple moving average of $56.82 and a 200-day simple moving average of $49.78. The stock has a market cap of $4.44 billion, a price-to-earnings ratio of 19.38 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $540.00 million for the quarter, compared to analysts' expectations of $541.88 million. During the same period last year, the company earned $0.94 earnings per share. The company's quarterly revenue was up 3.1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in Frontdoor by 84.0% during the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company's stock worth $8,850,000 after purchasing an additional 84,167 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Frontdoor by 362.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company's stock valued at $1,180,000 after buying an additional 19,277 shares during the period. Verition Fund Management LLC grew its position in shares of Frontdoor by 255.5% during the 3rd quarter. Verition Fund Management LLC now owns 21,757 shares of the company's stock valued at $1,044,000 after buying an additional 15,637 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Frontdoor during the 3rd quarter valued at about $315,000. Finally, Geode Capital Management LLC raised its stake in Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company's stock worth $101,442,000 after acquiring an additional 74,542 shares during the period.

Insider Activity at Frontdoor

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

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.