ADT (NYSE:ADT) Updates FY 2024 Earnings Guidance

ADT (NYSE:ADT) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.600-0.700 for the period, compared to the consensus earnings per share estimate of 0.580. The company issued revenue guidance of -. ADT also updated its FY24 guidance to $0.60-0.70 EPS.

ADT Stock Up 1.9 %

Shares of NYSE:ADT opened at $6.50 on Thursday. The company has a fifty day moving average of $6.62 and a 200-day moving average of $6.44. The company has a market capitalization of $6.00 billion, a PE ratio of 12.76 and a beta of 1.57. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.52 and a current ratio of 0.68. ADT has a 52-week low of $4.89 and a 52-week high of $7.60.

ADT (NYSE:ADT) last posted its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. ADT had a return on equity of 14.85% and a net margin of 8.69%. ADT’s quarterly revenue was down 27.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 earnings per share. On average, equities analysts predict that ADT will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ADT shares. Barclays cut their price objective on shares of ADT from $8.00 to $7.00 and set an underweight rating on the stock in a research report on Friday, March 22nd. The Goldman Sachs Group raised their price target on shares of ADT from $7.50 to $8.30 and gave the company a buy rating in a research report on Thursday, February 29th.

ADT Company Profile

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.