ADT (NYSE:ADT) Issues Earnings Results, Hits Estimates

ADT (NYSE:ADT) posted its quarterly earnings data on Thursday. The security and automation business reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17, Briefing.com reports. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business posted $0.15 EPS. The company’s revenue was up 3.2% on a year-over-year basis. ADT updated its FY 2024 guidance to 0.650-0.750 EPS and its FY24 guidance to $0.65-0.75 EPS.

ADT Stock Down 2.3 %

Shares of ADT stock traded down $0.16 during midday trading on Friday, reaching $6.93. 5,250,105 shares of the company’s stock traded hands, compared to its average volume of 4,209,697. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 9.90 and a beta of 1.59. The company’s 50 day simple moving average is $7.43 and its 200 day simple moving average is $6.93. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.56 and a current ratio of 0.75. ADT has a 52 week low of $5.53 and a 52 week high of $7.92.

ADT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, September 13th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.17%. ADT’s dividend payout ratio is currently 31.43%.

Wall Street Analysts Forecast Growth

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

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.