Frontdoor (FTDR) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Frontdoor in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FTDR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FTDR, but not buy additional shares or sell existing shares.
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6 brokerages have issued 1-year price targets for Frontdoor's stock. Their FTDR share price forecasts range from $30.00 to $45.00. On average, they expect the company's stock price to reach $38.40 in the next twelve months. This suggests a possible upside of 25.9% from the stock's current price.
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Frontdoor's stock was trading at $20.80 on January 1st, 2023. Since then, FTDR stock has increased by 46.6% and is now trading at $30.49.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Frontdoor, Inc. (NASDAQ:FTDR) issued its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.32. The company earned $523 million during the quarter, compared to analyst estimates of $513.20 million. Frontdoor had a net margin of 7.47% and a trailing twelve-month return on equity of 187.58%. The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.53 earnings per share.

ETFs with the largest weight of Frontdoor (NASDAQ:FTDR) stock in their portfolio include Invesco Building & Construction ETF (PKB), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Innovator IBD Breakout Opportunities ETF (BOUT) and Harbor Small Cap Explorer ETF (QWST).SPDR S&P 600 Small Cap ETF (SLY).

Frontdoor issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $500.00 million-$515.00 million, compared to the consensus revenue estimate of $496.74 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Frontdoor investors own include Alibaba Group (BABA), Tencent (TCEHY), CVS Health (CVS), Intellia Therapeutics (NTLA), Accenture (ACN), Dropbox (DBX), Glu Mobile (GLUU), JD.com (JD), LGI Homes (LGIH) and Pinterest (PINS).

Frontdoor trades on the NASDAQ under the ticker symbol "FTDR."

Frontdoor's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (17.29%), Mackenzie Financial Corp (6.46%), Boston Partners (5.88%), State Street Corp (4.95%), ArrowMark Colorado Holdings LLC (3.18%) and Candlestick Capital Management LP (2.49%). Insiders that own company stock include Anna C Catalano, Jeffrey Fiarman, Peter L Cella and William C Cobb.
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Shares of FTDR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FTDR stock can currently be purchased for approximately $30.49.

Frontdoor (NASDAQ:FTDR) has a market capitalization of $2.45 billion and generates $1.66 billion in revenue each year. The company earns $71 million in net income (profit) each year or $1.56 on an earnings per share basis.

The company employs 1,712 workers across the globe.

Frontdoor's mailing address is 150 PEABODY PLACE, MEMPHIS TN, 38103. The official website for the company is www.frontdoorhome.com. The company can be reached via phone at (901) 701-5000 or via email at matt.davis@frontdoorhome.com.