Brokers Offer Predictions for Frontdoor, Inc.’s Q2 2024 Earnings (NASDAQ:FTDR)

Frontdoor, Inc. (NASDAQ:FTDR) – William Blair upped their Q2 2024 EPS estimates for Frontdoor in a report released on Thursday, May 2nd. William Blair analyst J. Schmitt now forecasts that the company will earn $1.00 per share for the quarter, up from their prior forecast of $0.97. The consensus estimate for Frontdoor’s current full-year earnings is $2.39 per share. William Blair also issued estimates for Frontdoor’s Q3 2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.31 EPS, Q2 2025 earnings at $1.08 EPS, Q3 2025 earnings at $1.12 EPS, Q4 2025 earnings at $0.19 EPS and FY2025 earnings at $2.70 EPS.

Separately, Wells Fargo & Company raised their target price on shares of Frontdoor from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.00.

Frontdoor Stock Performance

FTDR opened at $35.94 on Monday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 15.76 and a beta of 0.89. The company has a fifty day moving average of $31.38 and a 200 day moving average of $32.87. Frontdoor has a fifty-two week low of $28.25 and a fifty-two week high of $38.97. The company has a debt-to-equity ratio of 3.54, a quick ratio of 1.14 and a current ratio of 1.14.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. The firm had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $360.47 million. Frontdoor had a net margin of 10.27% and a return on equity of 132.00%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 earnings per share.

Hedge Funds Weigh In On Frontdoor

Several institutional investors have recently bought and sold shares of FTDR. Robeco Institutional Asset Management B.V. bought a new position in Frontdoor during the third quarter valued at $1,147,000. Raymond James & Associates lifted its holdings in shares of Frontdoor by 5.0% in the 3rd quarter. Raymond James & Associates now owns 109,783 shares of the company’s stock worth $3,358,000 after acquiring an additional 5,233 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in shares of Frontdoor by 4.0% in the 3rd quarter. New York State Teachers Retirement System now owns 29,857 shares of the company’s stock worth $913,000 after acquiring an additional 1,159 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Frontdoor by 82.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,879 shares of the company’s stock worth $1,220,000 after acquiring an additional 18,022 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Frontdoor by 10.6% in the 3rd quarter. Strs Ohio now owns 7,300 shares of the company’s stock worth $223,000 after acquiring an additional 700 shares during the last quarter.

Frontdoor Company Profile

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.