ADT (ADT) to Release Quarterly Earnings on Thursday

ADT (NYSE:ADT) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect ADT to post 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.Parties interested in listening to the company’s conference call can do so using this link.

ADT (NYSE:ADT) last issued its earnings results on Wednesday, February 28th. The security and automation business reported $0.04 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.25 billion. During the same period last year, the business posted $0.08 EPS. The firm’s revenue for the quarter was down 27.1% compared to the same quarter last year. On average, analysts expect ADT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ADT Price Performance

Shares of NYSE ADT opened at $6.18 on Thursday. ADT has a twelve month low of $4.89 and a twelve month high of $7.60. The stock’s 50 day moving average price is $6.68 and its 200-day moving average price is $6.44. The company has a quick ratio of 0.52, a current ratio of 0.68 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $5.70 billion, a PE ratio of 12.36 and a beta of 1.57.

ADT Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ADT shares. Barclays decreased 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. The Goldman Sachs Group lifted their price objective on ADT from $7.50 to $8.30 and gave the company a “buy” rating in a research note on Thursday, February 29th.

Institutional Trading of ADT

Institutional investors have recently made changes to their positions in the stock. Apollo Management Holdings L.P. bought a new position in ADT in the first quarter worth approximately $3,602,712,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of ADT in the fourth quarter worth about $37,128,000. Vanguard Group Inc. grew its stake in shares of ADT by 26.3% during the 1st quarter. Vanguard Group Inc. now owns 18,580,954 shares of the security and automation business’s stock valued at $141,029,000 after acquiring an additional 3,864,889 shares during the period. Marshall Wace LLP increased its holdings in ADT by 781.8% in the 2nd quarter. Marshall Wace LLP now owns 2,959,785 shares of the security and automation business’s stock worth $17,848,000 after acquiring an additional 2,624,115 shares in the last quarter. Finally, Norges Bank bought a new position in shares of ADT in the fourth quarter worth about $18,754,000. 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.