ADT Inc. provides security, automation, and smart home solutions to consumer and business customers in the United States. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies, such as injuries, medical emergencies, or incapacitation. It also provides interactive and smart home solutions that allow customers to use their smart phones, tablets, and laptops to arm and disarm their security systems, adjust lighting or thermostat levels, and view real-time video of their premises; and creates customized and automated schedules for managing lights, thermostats, appliances, garage doors, cameras, and other connected devices, as well as offers monitoring and maintenance services. The company offers its products under the ADT, ADT Pulse, Protection 1, ADT Commercial, and Blue by ADT names. It operates through a network of approximately 250 sales and service offices, as well as three regional distribution centers, which are supported by 17 multi-use sales, customer, and field support locations housing its nine UL-listed monitoring centers and four national sales centers. The company was formerly known as Prime Security Services Parent, Inc. and changed its name to ADT Inc. in September 2017. ADT Inc. was founded in 1874 and is headquartered in Boca Raton, Florida.
Wall Street Analyst Weigh In
Separately, Morgan Stanley dropped their price target on shares of ADT from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 20th.
ADT Price Performance
NYSE:ADT traded up $0.12 during trading hours on Thursday, hitting $8.06. The company's stock had a trading volume of 49,369 shares, compared to its average volume of 1,960,562. ADT has a 52-week low of $6.00 and a 52-week high of $10.39. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.33 and a current ratio of 0.50. The business's 50-day moving average is $6.90 and its two-hundred day moving average is $7.17. The company has a market capitalization of $7.30 billion, a PE ratio of -198.50 and a beta of 2.01.
ADT (NYSE:ADT - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The security and automation business reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.12). ADT had a negative return on equity of 2.18% and a negative net margin of 0.39%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the company earned ($0.07) earnings per share. The business's revenue for the quarter was up 22.8% compared to the same quarter last year. As a group, research analysts anticipate that ADT will post 0.09 EPS for the current fiscal year.
ADT Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, September 14th. ADT's dividend payout ratio (DPR) is -350.00%.