ADT (NYSE:ADT) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Key Points

• ADT beat quarterly estimates: The security and automation company reported EPS of $0.24, $0.01 above consensus, while revenue reached $1.35 billion versus expectations of $1.32 billion. Revenue increased 3.9% year over year.
• Shares showed strong recent performance: ADT opened at $9.86, near its 52-week high of $9.99, compared with a 52-week low of $6.03. The company has a $7.20 billion market capitalization and a P/E ratio of 13.88.
• Analysts remain cautious: ADT has a consensus “Hold” rating, with two Buy, four Hold and one Sell rating; the average price target is $8.13. Morgan Stanley lowered its target to $7.25 and maintained an Equal Weight rating.

ADT (NYSE:ADT - Get Free Report) released its quarterly earnings data on Tuesday. The security and automation business reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01, FiscalAI reports. ADT had a net margin of 11.85% and a return on equity of 18.99%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The business's revenue was up 3.9% on a year-over-year basis.

ADT Stock Performance

ADT stock opened at $9.86 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 2.14. The firm has a 50-day moving average of $7.03 and a 200-day moving average of $7.10. The firm has a market cap of $7.20 billion, a P/E ratio of 13.88 and a beta of 1.04. ADT has a 1-year low of $6.03 and a 1-year high of $9.99.

Analyst Ratings Changes

Several analysts have issued reports on the company. BTIG Research began coverage on ADT in a research note on Monday, August 17th. They issued a "neutral" rating on the stock. Morgan Stanley cut their price target on ADT from $7.75 to $7.25 and set an "equal weight" rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings raised ADT from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $8.13.

About ADT

ADT Inc is a security and smart-home services company that provides monitored protection and automation solutions for residential and commercial customers. Its offerings include professionally installed security systems, 24-hour alarm monitoring, video surveillance, fire and life-safety systems, access control, home automation and related emergency response services.

The company serves customers primarily in the United States, offering solutions designed to help protect homes, businesses and other facilities from burglary, fire and other risks.

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