ADT (NYSE:ADT) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

ADT (NYSE:ADT) released its earnings results on Monday. The security and automation business reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03, FiscalAI reports. ADT had a return on equity of 18.96% and a net margin of 12.52%.The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $1.30 billion.

ADT Trading Down 1.2%

ADT stock opened at $8.02 on Monday. The firm has a market cap of $6.57 billion, a PE ratio of 11.62 and a beta of 0.98. ADT has a 12 month low of $7.31 and a 12 month high of $8.94. The stock’s 50 day simple moving average is $8.03 and its two-hundred day simple moving average is $8.31. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 1.99.

Wall Street Analyst Weigh In

A number of research firms recently commented on ADT. Wall Street Zen downgraded ADT from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of ADT in a research report on Monday, December 29th. Zacks Research upgraded shares of ADT from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th. Finally, Morgan Stanley dropped their price objective on shares of ADT from $9.50 to $9.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.25.

Hedge Funds Weigh In On ADT

Large investors have recently made changes to their positions in the company. Invesco Ltd. grew its position in ADT by 16.2% during the fourth quarter. Invesco Ltd. now owns 1,444,275 shares of the security and automation business’s stock valued at $11,655,000 after buying an additional 201,873 shares during the period. Corient Private Wealth LLC raised its position in shares of ADT by 241.7% in the fourth quarter. Corient Private Wealth LLC now owns 92,165 shares of the security and automation business’s stock worth $744,000 after acquiring an additional 65,189 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of ADT by 16.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 532,433 shares of the security and automation business’s stock worth $4,297,000 after acquiring an additional 75,993 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of ADT during the 4th quarter worth about $462,000. Finally, NewEdge Advisors LLC grew its position in shares of ADT by 18.8% during the 4th quarter. NewEdge Advisors LLC now owns 37,163 shares of the security and automation business’s stock valued at $300,000 after acquiring an additional 5,882 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

ADT Company Profile

ADT Inc is a leading provider of security and automation solutions for residential and commercial customers. The company offers a comprehensive suite of products and services, including intrusion detection systems, video surveillance, fire and carbon monoxide monitoring, and integrated smart home automation platforms. Through professional installation, continuous monitoring, and a network of 24/7 monitoring centers, ADT helps customers protect their properties, assets and loved ones.

Founded in 1874 as the American District Telegraph Company, ADT has evolved from one of the first telegraph-based alarm services into a modern security technology enterprise.