ADT Inc. (NYSE:ADT) to Issue Quarterly Dividend of $0.06

ADT Inc. (NYSE:ADT) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Thursday, June 13th will be paid a dividend of 0.055 per share by the security and automation business on Tuesday, July 9th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date is Thursday, June 13th.

ADT has a payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect ADT to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.22 annual dividend with an expected future payout ratio of 27.8%.

ADT Price Performance

Shares of ADT stock traded up $0.10 during trading on Friday, reaching $6.43. 523,394 shares of the stock traded hands, compared to its average volume of 5,126,816. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 12.76 and a beta of 1.57. The business has a fifty day simple moving average of $6.61 and a two-hundred day simple moving average of $6.44. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.68 and a quick ratio of 0.52. ADT has a 52-week low of $4.89 and a 52-week high of $7.60.

ADT (NYSE:ADT) last announced its quarterly earnings data on Wednesday, February 28th. The security and automation business reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. ADT had a net margin of 8.69% and a return on equity of 14.85%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was down 27.1% compared to the same quarter last year. Sell-side analysts expect that ADT will post 0.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ADT. Barclays cut their price target on shares of ADT from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Friday, March 22nd. The Goldman Sachs Group upped their price target on shares of ADT from $7.50 to $8.30 and gave the company a “buy” rating in a report on Thursday, February 29th.

ADT Company Profile

ADT Inc provides security, interactive, and smart home solutions to residential and small business customers in the United States. It operates through two segments, Consumer and Small Business, and Solar. The company provides burglar and life safety alarms, smart security cameras, smart home automation systems, and video surveillance systems.