Frontdoor (FTDR) to Release Earnings on Thursday

Frontdoor (NASDAQ:FTDR) is scheduled to be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Frontdoor has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.18. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The company had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $360.47 million. During the same quarter in the prior year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts expect Frontdoor to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $31.28 on Tuesday. The firm’s 50-day simple moving average is $31.30 and its 200 day simple moving average is $32.73. The stock has a market cap of $2.44 billion, a P/E ratio of 14.75 and a beta of 0.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.24. Frontdoor has a fifty-two week low of $26.09 and a fifty-two week high of $38.97.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their price target on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Frontdoor has a consensus rating of “Hold” and a consensus price target of $39.40.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company's home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.