ADT (NYSE:ADT) Issues Quarterly Earnings Results

ADT (NYSE:ADT) announced its quarterly earnings data on Thursday. The security and automation business reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17, Briefing.com reports. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. ADT had a net margin of 13.83% and a return on equity of 15.45%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.15 earnings per share. ADT updated its FY 2024 guidance to 0.650-0.750 EPS and its FY24 guidance to $0.65-0.75 EPS.

ADT Trading Down 2.3 %

Shares of ADT stock traded down $0.16 on Friday, hitting $6.93. 5,250,105 shares of the company traded hands, compared to its average volume of 4,209,697. The company has a market cap of $6.39 billion, a PE ratio of 9.90 and a beta of 1.59. The stock’s 50 day moving average price is $7.43 and its 200-day moving average price is $6.93. The company has a current ratio of 0.75, a quick ratio of 0.56 and a debt-to-equity ratio of 1.98. ADT has a 52 week low of $5.53 and a 52 week high of $7.92.

ADT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Friday, September 13th. ADT’s dividend payout ratio is presently 31.43%.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price target on shares of ADT from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Friday.

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.