Frontdoor (NASDAQ:FTDR) Issues Earnings Results

Frontdoor (NASDAQ:FTDRGet Rating) posted its earnings results on Thursday. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.04), MarketWatch Earnings reports. Frontdoor had a net margin of 7.99% and a return on equity of 3,066.67%. The firm had revenue of $351.00 million for the quarter, compared to the consensus estimate of $350.94 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year.

Shares of FTDR stock traded down $3.07 during trading hours on Friday, reaching $26.84. 4,926,049 shares of the stock were exchanged, compared to its average volume of 758,327. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.96 and a beta of 0.44. Frontdoor has a 12-month low of $24.04 and a 12-month high of $54.57. The company’s 50-day moving average price is $30.30 and its 200-day moving average price is $34.27. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 304.00.

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Frontdoor from a “hold” rating to a “sell” rating in a research note on Wednesday. Raymond James lowered their price target on shares of Frontdoor from $40.00 to $31.00 in a report on Friday. Truist Financial dropped their price target on Frontdoor from $50.00 to $32.00 in a research report on Friday. Finally, Oppenheimer decreased their price objective on Frontdoor from $41.00 to $34.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.83.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTDR. BNP Paribas Arbitrage SA boosted its stake in shares of Frontdoor by 44.3% during the third quarter. BNP Paribas Arbitrage SA now owns 2,497 shares of the company’s stock valued at $105,000 after purchasing an additional 766 shares during the period. Metropolitan Life Insurance Co NY lifted its holdings in Frontdoor by 11.7% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 4,386 shares of the company’s stock valued at $161,000 after buying an additional 459 shares in the last quarter. Jane Street Group LLC purchased a new stake in Frontdoor in the 3rd quarter valued at about $207,000. Canada Pension Plan Investment Board purchased a new position in shares of Frontdoor during the fourth quarter worth approximately $257,000. Finally, Comerica Bank bought a new stake in shares of Frontdoor during the fourth quarter valued at approximately $345,000.

About Frontdoor (Get Rating)

Frontdoor, Inc provides home service plans in the United States. The company's home service plans cover 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 central heating, ventilation, and air conditioning systems.

Further Reading

Earnings History for Frontdoor (NASDAQ:FTDR)

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