ADT (NYSE:ADT) Releases FY24 Earnings Guidance

ADT (NYSE:ADT - Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.70-0.75 for the period, compared to the consensus estimate of $0.68. The company issued revenue guidance of $4.85-4.95 billion, compared to the consensus revenue estimate of $4.89 billion. ADT also updated its FY 2024 guidance to 0.700-0.750 EPS.

Wall Street Analysts Forecast Growth

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

ADT Price Performance

NYSE ADT traded up $1.22 on Thursday, reaching $8.14. 29,081,157 shares of the company's stock traded hands, compared to its average volume of 5,052,315. The stock has a market cap of $7.51 billion, a PE ratio of 11.00 and a beta of 1.53. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. ADT has a 12 month low of $5.53 and a 12 month high of $8.25. The stock has a 50-day simple moving average of $7.17 and a 200 day simple moving average of $7.15.

ADT (NYSE:ADT - Get Free Report) last issued its earnings results on Thursday, August 1st. The security and automation business reported $0.17 EPS for the quarter, hitting analysts' consensus estimates of $0.17. ADT had a net margin of 13.83% and a return on equity of 15.45%. The company had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the company earned $0.15 EPS. The firm's revenue was up 3.2% compared to the same quarter last year. As a group, research analysts predict that ADT will post 0.62 earnings per share for the current year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.70%. ADT's dividend payout ratio is currently 31.43%.

About ADT

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.