ADT (NYSE:ADT) Releases Earnings Results, Beats Estimates By $0.01 EPS

ADT (NYSE:ADT) issued its quarterly earnings data on Tuesday. The security and automation business reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01, FiscalAI reports. ADT had a return on equity of 18.99% and a net margin of 11.85%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $0.23 earnings per share. ADT’s revenue was up 3.9% compared to the same quarter last year.

ADT Trading Up 0.3%

ADT opened at $9.86 on Tuesday. ADT has a 12 month low of $6.03 and a 12 month high of $9.99. The company has a current ratio of 0.69, a quick ratio of 0.52 and a debt-to-equity ratio of 2.14. The stock has a 50-day moving average of $7.03 and a 200 day moving average of $7.10. The firm has a market cap of $7.20 billion, a P/E ratio of 13.88 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADT. Weiss Ratings raised ADT from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Morgan Stanley decreased their price objective on ADT from $7.75 to $7.25 and set an “equal weight” rating on the stock in a research note on Tuesday, October 13th. Finally, BTIG Research started coverage on ADT in a research note on Monday, August 17th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ADT currently has a consensus rating of “Hold” and a consensus price target of $8.13.

About ADT

ADT Inc is a security and smart-home services company that provides monitored protection and automation solutions for residential and commercial customers. Its offerings include professionally installed security systems, 24-hour alarm monitoring, video surveillance, fire and life-safety systems, access control, home automation and related emergency response services.

The company serves customers primarily in the United States, offering solutions designed to help protect homes, businesses and other facilities from burglary, fire and other risks.