ADT (NYSE:ADT - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.600-0.700 for the period, compared to the consensus estimate of 0.580. The company issued revenue guidance of -. ADT also updated its FY24 guidance to $0.60-0.70 EPS.
Wall Street Analyst Weigh In
A number of research firms have recently commented on ADT. Barclays dropped their price target 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 lifted their price target 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.
Check Out Our Latest Analysis on ADT
ADT Stock Performance
NYSE:ADT traded down $0.05 during trading hours on Thursday, hitting $6.33. 6,853,875 shares of the company traded hands, compared to its average volume of 5,185,917. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 12.66 and a beta of 1.57. ADT has a twelve month low of $4.89 and a twelve month high of $7.60. The firm has a 50-day moving average of $6.61 and a 200 day moving average of $6.44. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99.
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 (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. ADT had a net margin of 8.69% and a return on equity of 14.85%. The business's revenue for the quarter was down 27.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.08 EPS. On average, analysts forecast that ADT will post 0.67 EPS for the current year.
ADT Company Profile
(
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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.
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