FY2024 EPS Estimates for Frontdoor Increased by Analyst

Frontdoor, Inc. (NASDAQ:FTDR) – Equities researchers at William Blair upped their FY2024 earnings per share (EPS) estimates for shares of Frontdoor in a report issued on Monday, November 4th. William Blair analyst J. Schmitt now anticipates that the company will post earnings of $3.18 per share for the year, up from their previous forecast of $2.85. William Blair has a “Outperform” rating on the stock. The consensus estimate for Frontdoor’s current full-year earnings is $2.79 per share. William Blair also issued estimates for Frontdoor’s Q2 2025 earnings at $1.18 EPS, Q3 2025 earnings at $1.30 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $3.00 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $1.41 EPS and FY2026 earnings at $3.20 EPS.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 EPS.

Other research analysts also recently issued reports about the company. Truist Financial lifted their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.50.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $57.34 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The business’s 50 day moving average is $49.22 and its two-hundred day moving average is $41.61. The company has a market cap of $4.39 billion, a P/E ratio of 18.99 and a beta of 1.03. Frontdoor has a 12 month low of $29.41 and a 12 month high of $57.49.

Institutional Trading of Frontdoor

Large investors have recently bought and sold shares of the stock. Exchange Traded Concepts LLC bought a new stake in Frontdoor in the third quarter valued at $27,000. GAMMA Investing LLC grew its position in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after acquiring an additional 418 shares during the period. V Square Quantitative Management LLC bought a new stake in Frontdoor in the third quarter valued at $31,000. Isthmus Partners LLC grew its position in Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after acquiring an additional 603 shares during the period. Finally, Quarry LP grew its position in Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after acquiring an additional 894 shares during the period.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers 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 heating, ventilation, and air conditioning systems.