What is William Blair’s Forecast for Frontdoor Q4 Earnings?

Frontdoor, Inc. (NASDAQ:FTDR) – Stock analysts at William Blair cut their Q4 2024 earnings per share estimates for Frontdoor in a report released on Monday, November 4th. William Blair analyst J. Schmitt now forecasts that the company will post earnings of $0.16 per share for the quarter, down from their prior estimate of $0.19. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Frontdoor’s current full-year earnings is $2.79 per share. William Blair also issued estimates for Frontdoor’s Q1 2025 earnings at $0.39 EPS.

FTDR has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. Truist Financial boosted their target price on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.50.

Frontdoor Trading Up 4.6 %

FTDR opened at $57.34 on Thursday. Frontdoor has a 12 month low of $29.41 and a 12 month high of $57.49. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 18.99 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.27. The business has a fifty day moving average price of $49.22 and a 200 day moving average price of $41.61.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTDR. Millennium Management LLC boosted its position in shares of Frontdoor by 440.4% during the 2nd quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock worth $30,712,000 after acquiring an additional 740,711 shares in the last quarter. Swedbank AB boosted its position in shares of Frontdoor by 112.7% during the 2nd quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock worth $40,906,000 after acquiring an additional 641,476 shares in the last quarter. Boston Partners boosted its position in shares of Frontdoor by 8.9% during the 1st quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after acquiring an additional 506,217 shares in the last quarter. Invenomic Capital Management LP boosted its position in shares of Frontdoor by 57.3% during the 1st quarter. Invenomic Capital Management LP now owns 1,072,445 shares of the company’s stock worth $34,940,000 after acquiring an additional 390,610 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Frontdoor by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after acquiring an additional 373,091 shares in the last quarter.

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.