ADT (ADT) to Release Quarterly Earnings on Thursday

ADT (NYSE:ADT - Get Free Report) will release its earnings data before the market opens on Thursday, October 24th. Analysts expect ADT to post earnings of $0.15 per share for the quarter. ADT has set its FY 2024 guidance at 0.650-0.750 EPS and its FY24 guidance at $0.65-0.75 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

ADT (NYSE:ADT - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company's revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. On average, analysts expect ADT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ADT Price Performance

Shares of NYSE:ADT traded up $0.07 during midday trading on Friday, hitting $7.09. The company's stock had a trading volume of 3,921,612 shares, compared to its average volume of 4,911,572. The business's 50 day simple moving average is $7.18 and its 200 day simple moving average is $7.12. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.59 and a current ratio of 0.75. The company has a market cap of $6.53 billion, a P/E ratio of 10.13 and a beta of 1.53. ADT has a 12-month low of $5.53 and a 12-month high of $7.92.

ADT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, September 13th. ADT's dividend payout ratio is currently 31.43%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their target price on shares of ADT from $10.00 to $8.00 and set a "sector perform" rating on the stock in a research note on Friday, August 2nd.

ADT Company Profile

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.