ADT (ADT) to Release Earnings on Thursday

ADT (NYSE:ADT) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. ADT has set its FY 2024 guidance at 0.600-0.700 EPS and its FY24 guidance at $0.60-$0.70 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

ADT (NYSE:ADT) last released its earnings results on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. ADT had a return on equity of 14.85% and a net margin of 8.69%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $0.08 EPS. ADT’s revenue for the quarter was down 27.1% on a year-over-year basis. On average, analysts expect ADT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ADT Stock Performance

Shares of ADT stock opened at $6.18 on Thursday. The company has a market capitalization of $5.70 billion, a P/E ratio of 12.36 and a beta of 1.57. ADT has a fifty-two week low of $4.89 and a fifty-two week high of $7.60. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.52 and a current ratio of 0.68. The stock has a 50 day moving average price of $6.68 and a two-hundred day moving average price of $6.44.

ADT Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 14th were given a $0.055 dividend. This is a positive change from ADT’s previous quarterly dividend of $0.04. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend was Wednesday, March 13th. ADT’s dividend payout ratio (DPR) is currently 44.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ADT shares. The Goldman Sachs Group upped their price target on ADT from $7.50 to $8.30 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Barclays dropped their target price on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, March 22nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its holdings in ADT by 364.5% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,060 shares of the security and automation business’s stock valued at $30,000 after buying an additional 3,186 shares in the last quarter. Deutsche Bank AG purchased a new position in ADT during the fourth quarter valued at $89,000. Seven Eight Capital LP bought a new stake in ADT in the 1st quarter valued at $81,000. Pathstone Family Office LLC purchased a new stake in ADT in the 3rd quarter worth $103,000. Finally, Beacon Pointe Advisors LLC boosted its holdings in shares of ADT by 40.4% during the 1st quarter. Beacon Pointe Advisors LLC now owns 14,401 shares of the security and automation business’s stock valued at $109,000 after purchasing an additional 4,145 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

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.