ADT (NYSE:ADT – Get Free Report) will post its quarterly earnings results before the market opens on Thursday, November 2nd. Analysts expect ADT to post earnings of $0.03 per share for the quarter. ADT has set its FY23 guidance at $0.30-0.40 EPS and its FY 2023 guidance at $0.30-$0.40 EPS.Investors that wish to listen to the company’s conference call can do so using this link.
ADT (NYSE:ADT – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The security and automation business reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). ADT had a return on equity of 11.31% and a net margin of 0.48%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.64 billion. On average, analysts expect ADT to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
ADT Price Performance
Shares of ADT opened at $5.90 on Thursday. ADT has a fifty-two week low of $4.89 and a fifty-two week high of $10.10. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 196.67 and a beta of 1.70. The firm has a 50-day simple moving average of $6.18 and a 200-day simple moving average of $6.23. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.51 and a current ratio of 0.67.
ADT Announces Dividend
Insider Activity at ADT
In other news, EVP Wayne Thorsen acquired 5,000 shares of ADT stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of $6.08 per share, for a total transaction of $30,400.00. Following the completion of the transaction, the executive vice president now directly owns 459,761 shares in the company, valued at $2,795,346.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.50% of the stock is owned by insiders.
Institutional Investors Weigh In On ADT
A number of hedge funds have recently added to or reduced their stakes in ADT. Principal Financial Group Inc. lifted its position in shares of ADT by 41.4% during the 2nd quarter. Principal Financial Group Inc. now owns 21,678 shares of the security and automation business’s stock valued at $133,000 after acquiring an additional 6,350 shares during the period. Captrust Financial Advisors lifted its position in shares of ADT by 18.1% during the 2nd quarter. Captrust Financial Advisors now owns 20,062 shares of the security and automation business’s stock valued at $121,000 after acquiring an additional 3,069 shares during the period. Federated Hermes Inc. lifted its position in shares of ADT by 74.9% during the 1st quarter. Federated Hermes Inc. now owns 15,128 shares of the security and automation business’s stock valued at $115,000 after acquiring an additional 6,477 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of ADT by 18.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 16,022 shares of the security and automation business’s stock valued at $115,000 after acquiring an additional 2,457 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of ADT during the 2nd quarter valued at approximately $110,000. Institutional investors and hedge funds own 87.22% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of ADT from $9.60 to $8.30 and set a “buy” rating for the company in a research note on Wednesday, August 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $10.00 target price on shares of ADT in a research note on Monday, September 25th.
View Our Latest Stock Analysis on ADT
About ADT
ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. It operates through Consumer and Small Business, Commercial, and Solar segments. The company provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers.
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