ADT (NYSE:ADT – Get 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
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.
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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