ADT (NYSE:ADT) Updates FY 2024 Earnings Guidance

ADT (NYSE:ADT) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.700-0.750 for the period, compared to the consensus estimate of 0.690. The company issued revenue guidance of $4.9 billion-$5.0 billion, compared to the consensus revenue estimate of $4.9 billion. ADT also updated its FY24 guidance to $0.70-0.75 EPS.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank of Canada raised their price target on ADT from $8.00 to $9.00 and gave the stock a “sector perform” rating in a research report on Friday. The Goldman Sachs Group raised their target price on ADT from $8.20 to $9.20 and gave the stock a “buy” rating in a report on Friday.

ADT Price Performance

Shares of ADT stock opened at $7.88 on Friday. The company has a quick ratio of 0.59, a current ratio of 0.75 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. The firm has a fifty day moving average of $7.19 and a 200-day moving average of $7.17. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 11.26 and a beta of 1.53.

ADT (NYSE:ADT) last posted its earnings results on Thursday, October 24th. 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. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.22 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 earnings per share. On average, equities research analysts forecast that ADT will post 0.62 earnings per share for the current year.

ADT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid 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 yield of 2.79%. ADT’s payout ratio is 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.