Research Analysts Offer Predictions for Frontdoor, Inc.’s Q2 2024 Earnings (NASDAQ:FTDR)

Frontdoor, Inc. (NASDAQ:FTDR) – Analysts at William Blair raised their Q2 2024 earnings per share (EPS) estimates for shares of Frontdoor in a research report issued on Thursday, May 2nd. William Blair analyst J. Schmitt now forecasts that the company will earn $1.00 per share for the quarter, up from their prior estimate of $0.97. The consensus estimate for Frontdoor’s current full-year earnings is $2.39 per share. William Blair also issued estimates for Frontdoor’s Q3 2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $2.70 EPS.

Separately, Wells Fargo & Company lowered their target price on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $39.40.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $34.65 on Monday. The business’s fifty day moving average price is $31.26 and its two-hundred day moving average price is $32.79. The stock has a market cap of $2.70 billion, a PE ratio of 15.20 and a beta of 0.89. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.10 and a current ratio of 1.14. Frontdoor has a one year low of $27.76 and a one year high of $38.97.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. The firm had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $360.47 million. Frontdoor had a return on equity of 132.00% and a net margin of 10.27%. Frontdoor’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new position in shares of Frontdoor during the 4th quarter worth $49,000. Parkside Financial Bank & Trust raised its position in shares of Frontdoor by 9,892.9% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock worth $49,000 after buying an additional 1,385 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of Frontdoor in the 4th quarter worth $71,000. Acadian Asset Management LLC purchased a new position in shares of Frontdoor in the 3rd quarter worth $88,000. Finally, Quadrant Capital Group LLC raised its position in shares of Frontdoor by 13.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock worth $100,000 after buying an additional 341 shares during the period.

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.