What is William Blair's Forecast for Frontdoor Q4 Earnings?

Frontdoor, Inc. (NASDAQ:FTDR - Free Report) - Equities research analysts at William Blair dropped their Q4 2024 earnings per share estimates for Frontdoor in a research report issued on Monday, November 4th. William Blair analyst J. Schmitt now anticipates that the company will post earnings of $0.16 per share for the quarter, down from their prior forecast of $0.19. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Frontdoor's current full-year earnings is $2.79 per share. William Blair also issued estimates for Frontdoor's Q1 2025 earnings at $0.39 EPS.

Several other research firms also recently weighed in on FTDR. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday. Truist Financial upped their price target on Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Frontdoor presently has an average rating of "Hold" and an average price target of $49.50.

Frontdoor Trading Down 0.6 %

Shares of FTDR stock traded down $0.35 during trading hours on Thursday, hitting $56.99. 755,575 shares of the company were exchanged, compared to its average volume of 727,417. The firm has a market cap of $4.36 billion, a P/E ratio of 18.87 and a beta of 1.03. Frontdoor has a fifty-two week low of $29.41 and a fifty-two week high of $58.17. The company has a 50 day simple moving average of $49.41 and a two-hundred day simple moving average of $41.71. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.27 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. Frontdoor's revenue for the quarter was up 3.1% on a year-over-year basis.

Hedge Funds Weigh In On Frontdoor

A number of hedge funds have recently added to or reduced their stakes in FTDR. Quest Partners LLC lifted its holdings in shares of Frontdoor by 2.2% in the third quarter. Quest Partners LLC now owns 32,488 shares of the company's stock valued at $1,559,000 after purchasing an additional 707 shares in the last quarter. Natixis Advisors LLC lifted its stake in Frontdoor by 13.3% during the 3rd quarter. Natixis Advisors LLC now owns 17,213 shares of the company's stock valued at $826,000 after acquiring an additional 2,023 shares in the last quarter. Entropy Technologies LP purchased a new position in Frontdoor during the 3rd quarter worth $616,000. Los Angeles Capital Management LLC grew its stake in shares of Frontdoor by 3.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 63,699 shares of the company's stock worth $3,057,000 after acquiring an additional 2,202 shares in the last quarter. Finally, Meritage Portfolio Management raised its holdings in shares of Frontdoor by 91.7% in the third quarter. Meritage Portfolio Management now owns 18,030 shares of the company's stock valued at $865,000 after purchasing an additional 8,624 shares during the last quarter.

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.