ADT (ADT) to Release Earnings on Thursday

ADT (NYSE:ADT) is set to release its earnings data before the market opens on Thursday, April 25th. Analysts expect ADT to post earnings of $0.15 per share for the quarter. ADT has set its FY 2024 guidance at 0.600-0.700 EPS and its FY24 guidance at $0.60-$0.70 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

ADT (NYSE:ADT) last announced its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. ADT had a net margin of 8.69% and a return on equity of 14.85%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The business’s quarterly revenue was down 27.1% compared to the same quarter last year. On average, analysts expect ADT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ADT Price Performance

Shares of NYSE ADT opened at $6.36 on Wednesday. The firm’s 50-day moving average price is $6.63 and its 200-day moving average price is $6.44. ADT has a 1-year low of $4.89 and a 1-year high of $7.60. The firm has a market capitalization of $5.87 billion, a P/E ratio of 12.72 and a beta of 1.57. The company has a current ratio of 0.68, a quick ratio of 0.52 and a debt-to-equity ratio of 1.99.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ADT. Barclays dropped their price objective on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Friday, March 22nd. The Goldman Sachs Group upped their price objective on shares of ADT from $7.50 to $8.30 and gave the company a “buy” rating in a report on Thursday, February 29th.

About ADT

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.