Frontdoor, Inc. (NASDAQ:FTDR – Free Report) – Equities researchers at William Blair raised their FY2024 earnings estimates for shares of Frontdoor in a research report issued on Thursday, January 16th. William Blair analyst J. Schmitt now expects that the company will post earnings per share of $3.25 for the year, up from their previous estimate of $3.18. The consensus estimate for Frontdoor’s current full-year earnings is $3.14 per share. William Blair also issued estimates for Frontdoor’s Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $1.48 EPS, Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $3.33 EPS, Q1 2026 earnings at $0.47 EPS, Q2 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.59 EPS and Q4 2026 earnings at $0.08 EPS.
Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Truist Financial boosted their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Frontdoor presently has an average rating of “Hold” and a consensus target price of $49.50.
Frontdoor Stock Performance
Shares of FTDR stock opened at $58.53 on Monday. The company’s fifty day moving average price is $56.83 and its 200-day moving average price is $49.95. The stock has a market cap of $4.44 billion, a PE ratio of 19.38 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor has a 12 month low of $29.41 and a 12 month high of $60.42.
Frontdoor (NASDAQ:FTDR – Get Free Report) last released its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS.
Institutional Investors Weigh In On Frontdoor
Hedge funds have recently modified their holdings of the business. Diversified Trust Co grew its stake in shares of Frontdoor by 2.5% during the 3rd quarter. Diversified Trust Co now owns 12,130 shares of the company’s stock valued at $582,000 after acquiring an additional 299 shares during the period. CWM LLC increased its stake in shares of Frontdoor by 15.8% in the third quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after purchasing an additional 367 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Frontdoor by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after purchasing an additional 433 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of Frontdoor during the 3rd quarter valued at $27,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Frontdoor in the third quarter valued at about $31,000.
Insider Transactions at Frontdoor
In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the sale, the senior vice president now owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.
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.
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