Frontdoor (FTDR) Set to Announce Earnings on Thursday

Frontdoor (NASDAQ:FTDR) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Frontdoor to post 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

Frontdoor Stock Down 1.9 %

Shares of Frontdoor stock opened at $30.69 on Wednesday. The business has a 50-day moving average of $31.26 and a 200-day moving average of $32.74. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market capitalization of $2.39 billion, a PE ratio of 14.48 and a beta of 0.89. Frontdoor has a 1-year low of $26.09 and a 1-year high of $38.97.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price target 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 research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.40.

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.