Frontdoor (FTDR) Set to Announce Earnings on Thursday

Frontdoor (NASDAQ:FTDR) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Frontdoor to post earnings of $0.20 per share for the quarter. Frontdoor has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The firm had revenue of $366.00 million for the quarter, compared to analyst estimates of $360.47 million. During the same period last year, the company earned $0.13 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts expect Frontdoor to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Frontdoor Stock Performance

Shares of FTDR stock opened at $30.92 on Thursday. The stock has a fifty day moving average of $31.44 and a 200 day moving average of $32.74. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 14.58 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24. Frontdoor has a 52 week low of $26.09 and a 52 week high of $38.97.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price target on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.40.

About Frontdoor

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.