ADT (NYSE:ADT) Issues FY 2024 Earnings Guidance

ADT (NYSE:ADT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.700-0.750 for the period, compared to the consensus EPS 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.

ADT Stock Performance

Shares of NYSE ADT traded up $1.22 during trading on Thursday, reaching $8.14. The stock had a trading volume of 29,081,157 shares, compared to its average volume of 5,052,315. ADT has a one year low of $5.53 and a one year high of $8.25. 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 stock has a market cap of $7.51 billion, a PE ratio of 11.00 and a beta of 1.53. The firm’s 50 day moving average price is $7.17 and its two-hundred day moving average price is $7.15.

ADT (NYSE:ADT) last announced its quarterly earnings results on Thursday, August 1st. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17. ADT had a return on equity of 15.45% and a net margin of 13.83%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. On average, research analysts forecast that ADT will post 0.62 earnings per share for the current fiscal year.

ADT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.22 annualized dividend and a dividend yield of 2.70%. ADT’s dividend payout ratio (DPR) is 31.43%.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price objective on ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Friday, August 2nd.

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.