Frontdoor (NASDAQ:FTDR) Issues Quarterly Earnings Results

Frontdoor (NASDAQ:FTDR - Get Free Report) posted its earnings results on Monday. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.33, Briefing.com reports. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. Frontdoor's revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $0.94 EPS. Frontdoor updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Frontdoor Price Performance

Frontdoor stock traded up $1.89 during trading hours on Tuesday, hitting $54.82. 1,121,996 shares of the stock were exchanged, compared to its average volume of 725,786. The stock has a market capitalization of $4.20 billion, a P/E ratio of 20.82 and a beta of 1.03. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.27 and a current ratio of 1.27. Frontdoor has a 12 month low of $29.41 and a 12 month high of $55.00. The business's 50-day moving average is $48.90 and its two-hundred day moving average is $41.32.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FTDR shares. Truist Financial raised their price target on Frontdoor from $56.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday. The Goldman Sachs Group increased their price objective on Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research report on Tuesday. William Blair upgraded shares of Frontdoor from a "market perform" rating to an "outperform" rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Frontdoor from $45.00 to $55.00 and gave the stock an "overweight" rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $49.50.

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.