ADT (NYSE:ADT) Shares Gap Down – Time to Sell?

30 Oct 2024, 06:39 by Amy Steele · The Cerbat Gem

ADT Inc. (NYSE:ADT – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $7.88, but opened at $7.42. ADT shares last traded at $7.33, with a volume of 10,264,090 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADT shares. The Goldman Sachs Group upped their price objective on ADT from $8.20 to $9.20 and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada increased their price objective on ADT from $8.00 to $9.00 and gave the company a “sector perform” rating in a report on Friday, October 25th.

Read Our Latest Stock Report on ADT

ADT Price Performance

The company has a debt-to-equity ratio of 1.98, a current ratio of 0.75 and a quick ratio of 0.59. The stock has a 50 day moving average price of $7.18 and a 200-day moving average price of $7.18. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 10.47 and a beta of 1.53.

ADT (NYSE:ADT – Get Free Report) last announced its earnings results on Thursday, October 24th. The security and automation business reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. ADT had a return on equity of 15.45% and a net margin of 13.83%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, analysts forecast that ADT Inc. will post 0.62 earnings per share for the current year.

ADT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Thursday, December 12th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.00%. ADT’s payout ratio is currently 31.43%.

Institutional Trading of ADT

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in ADT by 56.8% in the 1st quarter. Principal Financial Group Inc. now owns 21,085 shares of the security and automation business’s stock valued at $142,000 after acquiring an additional 7,635 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of ADT by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,732,598 shares of the security and automation business’s stock worth $12,180,000 after acquiring an additional 220,412 shares during the period. BNP Paribas Financial Markets grew its stake in ADT by 1.1% in the 1st quarter. BNP Paribas Financial Markets now owns 375,429 shares of the security and automation business’s stock valued at $2,523,000 after acquiring an additional 3,931 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in ADT by 3.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 75,863 shares of the security and automation business’s stock valued at $510,000 after buying an additional 2,183 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in ADT by 31.4% during the 1st quarter. Nordea Investment Management AB now owns 1,297,954 shares of the security and automation business’s stock worth $8,703,000 after purchasing an additional 310,406 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

ADT Company Profile

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