Frontdoor - FTDR Stock Forecast, Price & News

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.

Frontdoor Price Performance

NASDAQ:FTDR traded down $0.14 during mid-day trading on Tuesday, reaching $25.73. The stock had a trading volume of 794,307 shares, compared to its average volume of 1,169,699. The stock has a 50-day simple moving average of $24.56 and a two-hundred day simple moving average of $28.25. The stock has a market capitalization of $2.10 billion, a PE ratio of 18.51, a P/E/G ratio of 1.14 and a beta of 0.49. The company has a debt-to-equity ratio of 100.00, a current ratio of 0.77 and a quick ratio of 0.77. Frontdoor has a 12 month low of $20.30 and a 12 month high of $48.66.

Frontdoor (NASDAQ:FTDR - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.04). The firm had revenue of $487.00 million during the quarter, compared to the consensus estimate of $476.55 million. Frontdoor had a net margin of 7.16% and a return on equity of 1,072.00%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $0.76 earnings per share. On average, equities analysts anticipate that Frontdoor will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FTDR shares. Oppenheimer dropped their price target on shares of Frontdoor from $41.00 to $34.00 in a research report on Friday, May 6th. The Goldman Sachs Group downgraded shares of Frontdoor from a "neutral" rating to a "sell" rating and dropped their price target for the company from $27.00 to $21.00 in a research report on Thursday, June 9th. Truist Financial downgraded shares of Frontdoor from a "buy" rating to a "hold" rating and dropped their price target for the company from $32.00 to $29.00 in a research report on Monday, May 23rd. Finally, Raymond James dropped their price target on shares of Frontdoor from $31.00 to $27.00 and set an "outperform" rating for the company in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $33.50.

Insider Transactions at Frontdoor

In related news, Director William C. Cobb purchased 10,000 shares of the stock in a transaction dated Monday, May 23rd. The stock was bought at an average cost of $25.51 per share, for a total transaction of $255,100.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company's stock, valued at $255,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Anna C. Catalano purchased 4,000 shares of the stock in a transaction dated Wednesday, May 25th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $100,000.00. Following the completion of the acquisition, the director now owns 20,595 shares of the company's stock, valued at $514,875. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William C. Cobb purchased 10,000 shares of the stock in a transaction dated Monday, May 23rd. The shares were bought at an average price of $25.51 per share, with a total value of $255,100.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company's stock, valued at approximately $255,100. The disclosure for this purchase can be found here. Company insiders own 0.68% of the company's stock.