ADT (NYSE:ADT - Get Free Report) announced its earnings results on Thursday. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03, Briefing.com reports. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $0.07 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. ADT updated its FY 2024 guidance to 0.700-0.750 EPS and its FY24 guidance to $0.70-0.75 EPS.
ADT Price Performance
ADT traded down $0.26 during trading hours on Friday, hitting $7.88. The company's stock had a trading volume of 14,795,969 shares, compared to its average volume of 5,099,404. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 11.27 and a beta of 1.53. The business's 50-day moving average price is $7.18 and its 200-day moving average price is $7.15. The company has a current ratio of 0.75, a quick ratio of 0.59 and a debt-to-equity ratio of 1.98. ADT has a 12 month low of $5.53 and a 12 month high of $8.25.
ADT Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.79%. ADT's dividend payout ratio is currently 31.43%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on ADT shares. Royal Bank of Canada raised their target price on shares of ADT from $8.00 to $9.00 and gave the stock a "sector perform" rating in a research note on Friday. The Goldman Sachs Group upped their price target on ADT from $8.20 to $9.20 and gave the stock a "buy" rating in a research note on Friday.
Read Our Latest Stock Analysis on ADT
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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