ADT Inc. (NYSE:ADT - Get Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Investors of record on Thursday, September 15th will be given a dividend of 0.035 per share by the security and automation business on Tuesday, October 4th. This represents a $0.14 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, September 14th.
ADT has a dividend payout ratio of 20.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ADT to earn $0.19 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 73.7%.
ADT Price Performance
ADT stock traded up $0.27 during mid-day trading on Friday, reaching $7.97. The company's stock had a trading volume of 41,994 shares, compared to its average volume of 1,568,630. The firm's fifty day moving average price is $6.86 and its two-hundred day moving average price is $7.16. The company has a quick ratio of 0.43, a current ratio of 0.68 and a debt-to-equity ratio of 2.97. ADT has a 12-month low of $6.00 and a 12-month high of $10.50.
ADT (NYSE:ADT - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The security and automation business reported $0.06 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.12). ADT had a negative net margin of 4.34% and a negative return on equity of 5.18%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned ($0.07) earnings per share. The firm's revenue for the quarter was up 22.8% on a year-over-year basis. As a group, equities analysts forecast that ADT will post 0.09 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley decreased their price target on shares of ADT from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 20th.
Institutional Investors Weigh In On ADT
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in ADT by 26.3% in the 1st quarter. Vanguard Group Inc. now owns 18,580,954 shares of the security and automation business's stock worth $141,029,000 after acquiring an additional 3,864,889 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of ADT during the 1st quarter valued at about $1,726,000. Dimensional Fund Advisors LP raised its stake in shares of ADT by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,097,912 shares of the security and automation business's stock valued at $31,103,000 after buying an additional 221,289 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of ADT by 136.8% during the 1st quarter. JPMorgan Chase & Co. now owns 313,398 shares of the security and automation business's stock valued at $2,379,000 after buying an additional 181,055 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of ADT by 10.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,692,676 shares of the security and automation business's stock valued at $12,848,000 after acquiring an additional 153,600 shares during the period. 91.07% of the stock is owned by hedge funds and other institutional investors.
ADT Company Profile
ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies, such as injuries, medical emergencies, or incapacitation.
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