ADT Inc. (NYSE:ADT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday following a better than expected earnings announcement. The company traded as high as $8.25 and last traded at $8.08, with a volume of 996693 shares changing hands. The stock had previously closed at $8.14.
The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.03. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $0.07 EPS. ADT's revenue was up 5.4% compared to the same quarter last year.
ADT Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, December 12th. ADT's payout ratio is 31.43%.
Analyst Ratings Changes
Several research analysts have commented on ADT shares. The Goldman Sachs Group upped their price objective on shares of ADT from $8.20 to $9.20 and gave the stock a "buy" rating in a report on Friday. Royal Bank of Canada increased their price target on shares of ADT from $8.00 to $9.00 and gave the stock a "sector perform" rating in a research note on Friday.
Check Out Our Latest Report on ADT
Institutional Trading of ADT
Hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in ADT in the second quarter worth about $26,000. Altshuler Shaham Ltd bought a new position in ADT during the 2nd quarter valued at approximately $30,000. Duncker Streett & Co. Inc. purchased a new position in ADT during the second quarter valued at $38,000. Abich Financial Wealth Management LLC bought a new stake in ADT in the third quarter worth $70,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of ADT in the second quarter worth $76,000. Institutional investors own 87.22% of the company's stock.
ADT Price Performance
The firm has a fifty day moving average price of $7.19 and a two-hundred day moving average price of $7.16. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $7.27 billion, a P/E ratio of 11.26 and a beta of 1.53.
About ADT
(
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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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