Frontdoor (NASDAQ:FTDR - Free Report) had its target price hoisted by Wells Fargo & Company from $36.00 to $39.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.
Frontdoor Price Performance
Shares of NASDAQ FTDR traded up $1.30 during midday trading on Monday, reaching $35.95. 1,074,358 shares of the stock traded hands, compared to its average volume of 754,065. The company's 50 day moving average is $31.26 and its 200 day moving average is $32.79. Frontdoor has a one year low of $28.25 and a one year high of $38.97. The stock has a market capitalization of $2.80 billion, a PE ratio of 15.44 and a beta of 0.89. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.14 and a quick ratio of 1.14.
Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.18. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The firm had revenue of $366.00 million for the quarter, compared to analysts' expectations of $360.47 million. During the same period in the prior year, the company earned $0.13 EPS. The business's revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that Frontdoor will post 2.39 earnings per share for the current year.
Institutional Trading of Frontdoor
Institutional investors and hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in Frontdoor by 9,892.9% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company's stock worth $49,000 after buying an additional 1,385 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Frontdoor during the 4th quarter valued at approximately $49,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Frontdoor in the fourth quarter worth $71,000. Quadrant Capital Group LLC lifted its stake in shares of Frontdoor by 13.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company's stock worth $100,000 after buying an additional 341 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in shares of Frontdoor during the third quarter valued at $88,000.
Frontdoor Company Profile
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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.
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