Frontdoor, Inc. provides home service plans in the United States. The company's home service plans cover 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 central heating, ventilation, and air conditioning systems. It also offers ProConnect on-demand home services business and Streem, a technology platform that uses augmented reality, computer vision, and machine learning that helps home service professionals quickly and accurately diagnose breakdowns and complete repairs. The company serves homeowners under the American Home Shield, HSA, Landmark Home Warranty, OneGuard, Frontdoor, and Streem brands. The company was founded in 1971 and is headquartered in Memphis, Tennessee.
Wall Street Analyst Weigh In
FTDR has been the subject of several recent research reports. Oppenheimer lowered their price target on Frontdoor from $41.00 to $34.00 in a research note on Friday, May 6th. Truist Financial downgraded shares of Frontdoor from a "buy" rating to a "hold" rating and decreased their target price for the stock from $32.00 to $29.00 in a research report on Monday, May 23rd. The Goldman Sachs Group lowered shares of Frontdoor from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $27.00 to $21.00 in a research note on Thursday, June 9th. Finally, Raymond James lowered their price target on Frontdoor from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.50.
Frontdoor Price Performance
NASDAQ:FTDR traded up $0.03 during trading on Thursday, reaching $26.15. 2,049,827 shares of the company traded hands, compared to its average volume of 1,180,967. Frontdoor has a 1-year low of $20.30 and a 1-year high of $48.66. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 18.79, a P/E/G ratio of 1.10 and a beta of 0.49. The stock's 50 day moving average price is $24.60 and its two-hundred day moving average price is $28.23. The company has a debt-to-equity ratio of 100.00, a quick ratio of 0.77 and a current ratio of 0.77.
Frontdoor (NASDAQ:FTDR - Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.04). Frontdoor had a return on equity of 1,072.00% and a net margin of 7.16%. The company had revenue of $487.00 million for the quarter, compared to the consensus estimate of $476.55 million. During the same quarter last year, the business earned $0.76 EPS. Frontdoor's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Frontdoor will post 0.98 EPS for the current year.
Insider Activity
In other news, Director William C. Cobb bought 10,000 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average price of $25.51 per share, for a total transaction of $255,100.00. Following the transaction, the director now directly owns 10,000 shares of the company's stock, valued at approximately $255,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Frontdoor news, Director Anna C. Catalano acquired 4,000 shares of Frontdoor stock in a transaction on Wednesday, May 25th. The shares were bought at an average price of $25.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the director now owns 20,595 shares in the company, valued at $514,875. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William C. Cobb bought 10,000 shares of the stock in a transaction dated Monday, May 23rd. The stock was acquired at an average price of $25.51 per share, with a total value of $255,100.00. Following the completion of the purchase, the director now owns 10,000 shares of the company's stock, valued at approximately $255,100. The disclosure for this purchase can be found here. 0.68% of the stock is owned by corporate insiders.
