ADT (NYSE:ADT) Announces Earnings Results

ADT (NYSE:ADTGet Rating) announced its quarterly earnings results on Thursday. The security and automation business reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.12), Briefing.com reports. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. ADT had a negative net margin of 0.39% and a negative return on equity of 2.18%. The company’s revenue was up 22.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) earnings per share. ADT updated its FY 2022 guidance to EPS.

ADT Price Performance

Shares of ADT traded up $0.32 during trading hours on Friday, hitting $8.02. 4,168,424 shares of the stock were exchanged, compared to its average volume of 1,675,955. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.43 and a current ratio of 0.50. ADT has a 12-month low of $6.00 and a 12-month high of $10.39. The company has a market cap of $7.27 billion, a price-to-earnings ratio of -200.50 and a beta of 2.01. The stock’s 50-day moving average price is $6.87 and its two-hundred day moving average price is $7.16.

ADT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Thursday, September 15th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, September 14th. ADT’s payout ratio is -350.00%.

Institutional Trading of ADT

Several large investors have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its position in shares of ADT by 6.0% during the first quarter. Teacher Retirement System of Texas now owns 31,452 shares of the security and automation business’s stock worth $239,000 after purchasing an additional 1,793 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in ADT by 12.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,908 shares of the security and automation business’s stock worth $151,000 after acquiring an additional 2,010 shares in the last quarter. CIBC Asset Management Inc lifted its stake in ADT by 7.3% during the 4th quarter. CIBC Asset Management Inc now owns 33,540 shares of the security and automation business’s stock worth $282,000 after acquiring an additional 2,287 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in ADT by 13.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 22,214 shares of the security and automation business’s stock worth $176,000 after acquiring an additional 2,584 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in ADT by 14.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 20,972 shares of the security and automation business’s stock valued at $159,000 after purchasing an additional 2,672 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reduced their target price on ADT from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 20th.

About ADT

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ADT Inc provides security, automation, and smart home solutions to consumer and business customers in the United States. 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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Earnings History for ADT (NYSE:ADT)

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