ADT (NYSE:ADT) Shares Up 5.7%

ADT Inc (NYSE:ADT) shot up 5.7% during trading on Tuesday . The company traded as high as $7.64 and last traded at $7.63, 2,379,365 shares were traded during trading. An increase of 8% from the average session volume of 2,206,548 shares. The stock had previously closed at $7.22.

A number of research firms have commented on ADT. TheStreet raised shares of ADT from a “d+” rating to a “c-” rating in a research report on Friday, October 18th. Royal Bank of Canada set a $10.00 target price on shares of ADT and gave the company a “buy” rating in a research report on Wednesday, August 7th. ValuEngine raised shares of ADT from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded shares of ADT from a “buy” rating to a “hold” rating in a research report on Monday, August 12th. Finally, Imperial Capital cut their target price on shares of ADT from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $8.33.

The business’s 50-day moving average price is $6.32 and its 200-day moving average price is $6.08. The company has a current ratio of 0.42, a quick ratio of 0.32 and a debt-to-equity ratio of 2.44. The stock has a market cap of $5.66 billion, a PE ratio of -47.44 and a beta of 2.28.

ADT (NYSE:ADT) last issued its quarterly earnings data on Tuesday, August 6th. The security and automation business reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.18). ADT had a negative return on equity of 1.75% and a negative net margin of 11.42%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm earned ($0.07) EPS. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. As a group, analysts predict that ADT Inc will post 0.86 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, September 10th. ADT’s payout ratio is currently -87.50%.

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia acquired a new stake in ADT in the 2nd quarter worth approximately $30,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in ADT in the 2nd quarter worth approximately $66,000. Voloridge Investment Management LLC acquired a new stake in ADT in the 2nd quarter worth approximately $70,000. Machina Capital S.A.S. acquired a new stake in ADT in the 2nd quarter worth approximately $86,000. Finally, Ancora Advisors LLC acquired a new stake in ADT in the 2nd quarter worth approximately $122,000. Institutional investors own 98.24% of the company’s stock.

ADT Company Profile (NYSE:ADT)

ADT Inc provides security and automation solutions for homes and businesses in the United States and Canada. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies such as injuries, medical emergencies, or incapacitation.

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