Frontdoor (FTDR) Scheduled to Post Earnings on Thursday

Frontdoor (NASDAQ:FTDR) will be issuing its quarterly earnings data 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 that wish to register for the company’s conference call can do so using this link.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data 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 net margin of 9.66% and a return on equity of 142.80%. The company had revenue of $366.00 million for the quarter, compared to the consensus estimate of $360.47 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue 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 Frontdoor stock opened at $30.69 on Wednesday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.10 and a current ratio of 1.10. The firm’s 50-day simple moving average is $31.26 and its 200-day simple moving average is $32.74. Frontdoor has a twelve month low of $26.09 and a twelve month high of $38.97. The firm has a market cap of $2.39 billion, a P/E ratio of 14.48 and a beta of 0.89.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their target price on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.