ADT (ADT) Set to Announce Quarterly Earnings on Thursday

ADT (NYSE:ADT - Get Free Report) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect ADT to post earnings of $0.15 per share for the quarter. ADT has set its FY 2024 guidance at 0.600-0.700 EPS and its FY24 guidance at $0.60-$0.70 EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

ADT (NYSE:ADT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.05. ADT had a net margin of 8.69% and a return on equity of 14.85%. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the previous year, the business posted $0.08 earnings per share. ADT's quarterly revenue was down 27.1% on a year-over-year basis. On average, analysts expect ADT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ADT Stock Performance

ADT stock remained flat at $6.18 during mid-day trading on Thursday. 2,513,418 shares of the company's stock were exchanged, compared to its average volume of 5,231,728. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.52. ADT has a fifty-two week low of $4.89 and a fifty-two week high of $7.60. The firm has a market cap of $5.70 billion, a PE ratio of 12.42 and a beta of 1.57. The company has a 50 day simple moving average of $6.67 and a 200-day simple moving average of $6.43.

ADT Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 14th were given a dividend of $0.055 per share. This is a boost from ADT's previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 13th. This represents a $0.22 dividend on an annualized basis and a yield of 3.56%. ADT's payout ratio is 44.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Apollo Management Holdings L.P. bought a new position in shares of ADT in the first quarter worth about $3,602,712,000. Vanguard Group Inc. grew its holdings in shares of ADT by 26.3% in the first quarter. Vanguard Group Inc. now owns 18,580,954 shares of the security and automation business's stock worth $141,029,000 after purchasing an additional 3,864,889 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of ADT by 9.7% in the second quarter. Alliancebernstein L.P. now owns 16,112,715 shares of the security and automation business's stock worth $97,160,000 after purchasing an additional 1,424,480 shares during the last quarter. BlackRock Inc. grew its holdings in shares of ADT by 7.5% in the second quarter. BlackRock Inc. now owns 12,957,794 shares of the security and automation business's stock worth $78,135,000 after purchasing an additional 907,072 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in ADT in the fourth quarter worth about $37,128,000. 87.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ADT has been the topic of a number of analyst reports. Barclays cut their price objective on shares of ADT from $8.00 to $7.00 and set an "underweight" rating on the stock in a research report on Friday, March 22nd. The Goldman Sachs Group boosted their price objective on shares of ADT from $7.50 to $8.30 and gave the company a "buy" rating in a research report on Thursday, February 29th.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.