|Bid||8.93 x 900|
|Ask||9.01 x 1200|
|Day's Range||8.91 - 9.29|
|52 Week Range||4.25 - 9.70|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 12, 2019|
|Forward Dividend & Yield||0.14 (1.55%)|
|1y Target Est||9.28|
Shares of commercial and residential alarm maker ADT Inc. fell about 2% Monday, after BofA Merrill Lynch downgraded the stock to neutral from buy and said it sees few catalysts for further gains after it's 54% runup in the year to date. "While sentiment remains subdued and we see valuation as far from demanding, we also see few catalysts for continued outperformance," wrote analysts Gary Bisbee and Jay Hanna. "We forecast flattish revenue and slightly lower Y/Y profits and cash flow in 2020 amid dilution from the Canadian asset sale, ongoing investments, and 3G radio conversion costs." The analysts said they company's effort to invest and change its business mix is good over the medium to long term but is also hurting profit growth and inhibiting the company from de-levering. Shares have gained about 17% in the last 12 months, while the S&P 500 has gained 14%.
ADT (ADT) delivered earnings and revenue surprises of -109.52% and 0.70%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
ADT Inc. shares jumped as much as 7% in after-hours trading Tuesday after the residential and commercial security company reported a vault in third-quarter revenue. ADT reported a net loss of $182 million, or 25 cents a share, compared with a net loss of $236 million, or 31 cents, in the year-ago period. Revenue rose 13% to $1.301 billion from $1.15 billion a year ago. Analysts surveyed by FactSet had expected EPS of 21 cents a share on revenue of $1.275 billion. ADT also said that it had priced a special dividend related to the sale of its Canadian operations at 70 cents a share, and will pay it on Dec. 23. ADT shares are up 29% this year. The S&P 500 index has gained 23% this year.
Total revenue growth of 13%Commercial organic revenue growth of 17%Greater home automation, over 80% interactive take rate drive residential momentumCapital structure.
The transaction comprises all of ADT Canada’s operations and assets. “We are pleased to have completed the divestiture of our Canadian operations, which was a pivotal step towards sharpening our focus on our core U.S. businesses,” said Jim DeVries, President and CEO, ADT. “I would like to thank all of the employees of ADT Canada for their dedication and tireless commitment to supporting the business and our customers.
ADT (ADT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BOCA RATON, Fla., Oct. 23, 2019 -- ADT Inc. (NYSE: ADT) will release its third quarter 2019 financial results after the close of trading on Tuesday, November 12, 2019..
ADT (ADT), the number one smart home security provider serving residential and business customers, today announced it has taken another step to enhance its owned and operated professional monitoring services by acquiring I-View Now, a leading video alarm verification service. “ADT is a purpose driven company.
Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
Lyft Inc (NASDAQ: LYFT ) and ADT (NYSE: ADT ), a company supplying security and automation for residential and business customers, have partnered to integrate mobile safety into Lyft’s rideshare platform. ...
ADT (ADT), a leading security and automation provider serving residential and business customers, today announced a partnership to integrate mobile safety solutions into the Lyft platform. The pilot will focus on an ADT-powered safety feature within the Lyft app that will discreetly connect Lyft users who feel unsafe - by voice or SMS chat - with a security professional at one of ADT’s owned and operated monitoring centers. After contacting the user, or if there is no response, the ADT security professional will alert authorities as needed so they can arrive at the user's location, equipped with detailed incident information.
ADT Inc. entered into a deal to sell its Canadian operations in a cash deal worth $700 million in Canadian currency, or about $528.56 million U.S. Vancouver, Canada-based Telus Corp. (NYSE: TU) agreed to buy all of the Boca Raton-based security technology company's (NYSE: ADT) operations and assets in Canada. Along with the Tuesday announcement of the sale, ADT's board of directors announced a dividend return of up to $550 million for shareholders at 70 cents a share.
The Canadian company last year launched its smarthome security and secure businesses and expects to add more than 12,000 new customer to its security business in the third quarter. ADT Canada provides security and automation solutions to a customer base of about 500,000 and reported revenue of $229 million in 2018.
Telus Corp said on Tuesday it would buy home security provider ADT Inc's Canadian operations for C$700 million ($527.27 million), as the telecommunications provider builds out its security business. The Canadian company last year launched its smarthome security and secure businesses and expects to add more than 12,000 new customer to its security business in the third quarter. ADT Canada provides security and automation solutions to a customer base of about 500,000 and reported revenue of $229 million in 2018.
Commercial and residential security company ADT Inc. shares jumped 5.9% in premarket trade Tuesday, after the company said it's selling its Canadian operations to Telus Corp. for about C$700 million ($527 million). The business generated revenue of $229 million in the fiscal year through Dec. 31, 2018. "The sale of our more capital intensive Canadian operations enables us to sharpen our focus on the exciting growth and higher margin opportunities in the U.S., where we can more efficiently invest our time and resources," Chief Executive Jim DeVries said in a statement. The company said its board has approved a one-time special dividend of up to $550 million and plans to set it at 70 cents a share. Details of the payment will be made when the deal closes, which is expected to happen in the fourth quarter. ADT is expecting to book a non-cash charge in the third quarter, which may be material to its earnings. Shares have gained 4.3% in 2019 through Monday, while the S&P 500 has gained 18.7%.
Sale of Non-Core Business Expected to Result in a Stronger ADT with Improved Capital Efficiency ADT Announces Planned Special Dividend of $0.70/Share BOCA RATON,.
ADT Inc. (ADT) (the “Company” or “ADT”), the number one smart home security provider serving residential and business customers across the United States and Canada, announced today that Prime Security Services Borrower, LLC, a Delaware limited liability company (the “Issuer”), and Prime Finance Inc., a Delaware corporation (the “Co-Issuer” and, together with the Issuer, the “Issuers”), its indirect wholly owned subsidiaries, have completed their previously announced offering (the “Offering”) of an additional $600 million aggregate principal amount of 5.750% first-priority senior secured notes due 2026, issued under the existing indenture, dated as of April 4, 2019 (the “Notes”). The gross proceeds from the Offering were $612 million and, together with the Refinancing Term Loans (as defined below), as well as borrowings under the Issuer’s revolving credit facility and cash on hand, will be used to (i) refinance approximately $3,414 million aggregate principal amount of term loans due 2022 outstanding under the First Lien Credit Agreement (as defined below), (ii) repurchase or redeem in full the outstanding $300 million aggregate principal amount of 5.250% First-Priority Senior Secured Notes due 2020 (the “2020 Notes”) of The ADT Security Corporation, a Delaware corporation and a wholly owned indirect subsidiary of the Company (“ADTSC”) and (iii) pay related fees and expenses in connection with the transaction.