ADT (NYSE:ADT) Stock, Quote.Headers.trade-ideas

ADT Inc is a provider of monitored security, interactive home and business automation, and related monitoring services in the United States and Canada. It offers residential, commercial, and multi-site customers a comprehensive set of burglary, video, access control, fire and smoke alarm, and medical alert solutions. The company segments include Consumer and Small Business (CSB), Commercial, and Solar. It generates maximum revenue from the Commercial segment.

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SBUX

Wall Street&#39;s Most Accurate Analysts Weigh In On 3 Consumer Stocks Delivering High-Dividend Yields

Earnings

Small Cap

CMRE

Investors generally tend to cling to the price-to-earnings (P/E) metric while looking for bargain stocks. In addition to being a widely used tool for screening stocks, P/E is also a popular metric to work out the fair market value of a company. But even this ubiquitously used valuation multiple has a few limitations.


5 Value Stocks With Exciting EV-to-EBITDA Ratios to Snap Up

REZI

ADT (NYSE: ADT) shares ended the last trading session 7.9% higher at $7.75. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock&#39;s 0.3% loss over the past four weeks.

Strength Seen in ADT: Can Its 7.9% Jump Turn into More Strength?

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During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
<h3 class="wp-block-heading">ADT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>)</h3>
<ul>
<li>Dividend Yield: 3.07%</li>
<li>Barclays analyst Manav Patnaik maintained an Underweight rating and cut the price target from $8 to $7 on March 22. This analyst has an accuracy rate of 78%.</li>
<li>RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $10 on Sept. 25, 2023. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On June 17, ADT named Dan Houston and Danielle Tiedt to the company&#8217;s board of directors.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest ADT's news</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="683" height="713" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051144/Screenshot-2024-07-10-at-2.41.39-PM.png" alt="" class="wp-image-428127" style="width:392px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051144/Screenshot-2024-07-10-at-2.41.39-PM.png 683w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051144/Screenshot-2024-07-10-at-2.41.39-PM-287x300.png 287w" sizes="(max-width: 683px) 100vw, 683px" /></a></figure>
<h3 class="wp-block-heading">Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</h3>
<ul>
<li>Dividend Yield: 3.13%</li>
<li>Wedbush analyst Nick Setyan reiterated a Neutral rating with a price target of $81 on June 28. This analyst has an accuracy rate of 83%.</li>
<li>Piper Sandler analyst Brian Mullan maintained a Neutral rating and slashed the price target from $88 to $85 on May 6. This analyst has an accuracy rate of 85%.</li>
<li>Recent News: On June 20, Starbucks announced a quarterly cash dividend of 57 cents per share of outstanding common stock.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1">trend in SBUX stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="686" height="750" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051221/Screenshot-2024-07-10-at-2.42.16-PM.png" alt="" class="wp-image-428128" style="width:455px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051221/Screenshot-2024-07-10-at-2.42.16-PM.png 686w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051221/Screenshot-2024-07-10-at-2.42.16-PM-274x300.png 274w" sizes="(max-width: 686px) 100vw, 686px" /></a></figure>
<h3 class="wp-block-heading">Kontoor Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTB#NYSE">KTB</a>)</h3>
<ul>
<li>Dividend Yield: 3.13%</li>
<li>Stifel analyst Jim Duffy maintained a Buy rating and raised the price target from $77 to $80 on June 14. This analyst has an accuracy rate of 73%.</li>
<li>UBS analyst Jay Sole maintained a Buy rating and increased the price target from $83 to $85 on Feb. 16. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On May 2, Kontoor Brands reported better-than-expected first-quarter financial results and issued FY24 adjusted EPS results above estimates.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1">breakout in KTB's shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="673" height="630" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051258/Screenshot-2024-07-10-at-2.42.53-PM.png" alt="" class="wp-image-428130" style="width:496px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051258/Screenshot-2024-07-10-at-2.42.53-PM.png 673w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/10051258/Screenshot-2024-07-10-at-2.42.53-PM-300x281.png 300w" sizes="(max-width: 673px) 100vw, 673px" /></a></figure>
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Wall Street's Most Accurate Analysts Weigh In On 3 Consumer Stocks Delivering High-Dividend Yields

The Company is reiterating its financial&nbsp;guidance&nbsp;for 2024.
<table align="center">
<tbody>
<tr>
<td>(in millions, except per share data)</td>
</tr>
<tr>
<td>CSB Total Revenue</td>
<td>$4,800&nbsp;-&nbsp;$5,000</td>
</tr>
<tr>
<td>CSB Adjusted EBITDA</td>
<td>$2,525&nbsp;-&nbsp;$2,625</td>
</tr>
<tr>
<td>Adjusted EPS</td>
<td>$0.60&nbsp;-&nbsp;$0.70</td>
</tr>
<tr>
<td>Adjusted Free Cash Flow
			(including interest rate swaps)</td>
<td>$700&nbsp;-&nbsp;$800</td>
</tr>
</tbody>
</table>

Guidance

ADT Reiterated FY24 CSB Total Revenue of $4.8B-$5.0B, Adj EPS of $0.60-$0.70 Vs $0.58 Est

ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.12 by 33.33 percent. This is a 45.45 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $1.209 billion which beat the analyst consensus estimate of $1.192 billion by 1.45 percent. This is a 25.00 percent decrease over sales of $1.612 billion the same period last year.

Earnings Beats

ADT Q1 2024 Adj EPS $0.16 Beats $0.12 Estimate, Sales $1.209B Beat $1.192B Estimate

Management

ADT Appoints Jeff Likosar As CFO

ADT Names Jeffrey A. Likosar As CFO

Barclays analyst Manav Patnaik maintains ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) with a Underweight and lowers the price target from $8 to $7.

Barclays Maintains Underweight on ADT, Lowers Price Target to $7

WIIM

ADT shares are trading lower after the company announced the pricing of a secondary public offering of 65 million common shares at $6.50 per share.

In addition, ADT has authorized the concurrent purchase from the underwriters of 15,000,000 shares of common stock as part of the secondary public offering (the &quot;Share Repurchase&quot;) subject to the completion of the offering. The Share Repurchase is part of the Company&#39;s existing&nbsp;$350 million&nbsp;share repurchase program. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company.

ADT Announces Pricing Of Secondary Public Offering Of 65M Common Shares At $6.50/Share And Concurrent Share Repurchase

ADT Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) shares are trading lower after the bell on Wednesday after the company announced a <a href="https://www.benzinga.com/pressreleases/24/03/g37521083/adt-announces-launch-of-secondary-public-offering-of-common-stock-and-concurrent-share-repurchase">secondary public offering and share repurchase</a>.
What Happened: Security provider ADT has commenced a proposed secondary public offering of 55 million shares of its common stock held by certain entities managed by affiliates of Apollo Global Management. The underwriters will have a 30-day option to purchase up to an additional 8.25 million shares.
ADT is not selling any shares and will not receive any proceeds from the offering. The company said it will be concurrently buying 15 million shares from the underwriters as part of the secondary offering. The share repurchase will be part of the company&#8217;s existing $350 million buyback authorization.
See Also: <a href="https://www.benzinga.com/news/earnings/24/03/37522113/victorias-secret-stock-is-spiraling-lower-whats-going-on">Victoria&#8217;s Secret Stock Is Spiraling Lower: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">Is ADT A Good Stock To Buy?</h2>
Wall Street analysts view ADT on the whole as a Buy, given the history of coverage over the past three months. George Tong from Goldman Sachs in ADT is the most optimistic, expecting a 10.67% rise in the stock in the coming year.
But looking at how the market as a whole thinks of the stock, you can reference historical price action for views on whether investors feel strongly about the stock one way or another. In the past three months, ADT rose 19.52%, which indicates that opinion improved on the business and how attractive it is to own based on either its stock price, or underlying fundamentals, like revenue, which fell 25.71% over the past year.
A complete overview of how Wall Street views individual stocks is available <a href="https://www.benzinga.com/analyst-stock-ratings">here</a>, while real time updates on the latest analyst actions will be delivered via <a href="https://pro.benzinga.com">Benzinga PRO</a>. Try it for free.
ADT Price Action: <a href="https://www.benzinga.com/quote/ADT">ADT shares </a>were down 9.57% after hours at $6.76 following the announcement, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: 3844328 from Pixabay.

Offerings

Movers

ADT Stock Is Tumbling After Hours: What's Happening?

ADT shares are trading lower after the company announced the launch of a secondary public offering of common stock and a concurrent share repurchase.

&nbsp;ADT Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) (&quot;ADT&quot; or the &quot;Company&quot;) today announced the commencement of a proposed secondary public offering of 55,000,000 shares of the Company&#39;s common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the &quot;Selling Stockholders&quot;). The underwriters will have a 30-day option to purchase up to an additional 8,250,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the proposed offering. 
&nbsp;
In addition, ADT has authorized the concurrent purchase from the underwriters of 15,000,000 shares of common stock as part of the secondary public offering (the &quot;Share Repurchase&quot;) subject to the completion of the offering. The Share Repurchase is part of the Company&#39;s existing&nbsp;$350 million&nbsp;share repurchase program. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company.
Morgan Stanley, Barclays, Apollo Global Securities and RBC Capital Markets are acting as book-running managers for the proposed offering.

ADT Announces Launch Of Secondary Public Offering Of 55M Common Stock And 15M Concurrent Share Repurchase, The Share Repurchase Is Part Of The Co's Existing $350M Share Repurchase Program

<h3>Gainers</h3>
<ul>
<li>Rush Street Interactive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSI#NYSE">RSI</a>) stock rose 16.9% to $6.3 during Wednesday's after-market session. The market value of their outstanding shares is at $451.1 million. As per the news, the Q4 earnings report came out today. </li>
<li>Grove Collaborative Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GROV#NYSE">GROV</a>) shares increased by 6.72% to $2.38. The market value of their outstanding shares is at $89.1 million. The company's, Q4 earnings came out today. </li>
<li>JX Luxventure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JXJT#NASDAQ">JXJT</a>) shares moved upwards by 5.1% to $1.44. The company's market cap stands at $8.7 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) shares moved upwards by 5.07% to $0.54. The company's market cap stands at $27.7 million. </li>
<li>PetMed Express (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETS#NASDAQ">PETS</a>) shares rose 4.82% to $5.21. The company's market cap stands at $110.1 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) shares increased by 4.67% to $2.24. The market value of their outstanding shares is at $5.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) stock declined by 19.1% to $20.72 during Wednesday's after-market session. The company's market cap stands at $1.6 billion. The company's, Q4 earnings came out today. </li>
<li>ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) shares decreased by 9.51% to $6.76. The market value of their outstanding shares is at $6.2 billion. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXA#NASDAQ">CNXA</a>) stock fell 3.31% to $0.22. As per the press release, Q3 earnings came out yesterday. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares fell 3.2% to $3.03. The market value of their outstanding shares is at $867.1 million. </li>
<li>Newegg Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) stock decreased by 2.92% to $1.0. The company's market cap stands at $380.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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11 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session

Goldman Sachs analyst George Tong maintains ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) with a Buy and raises the price target from $7.5 to $8.3.

Goldman Sachs Maintains Buy on ADT, Raises Price Target to $8.3

ADT Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) reported fourth-quarter fiscal 2023 sales decline of 7.2% year-on-year to $1.22 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/g37359090/adt-reports-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">missing the consensus of $1.44 billion.</a>
Adjusted EPS was $0.25, beating the consensus of $0.04. The end-of-period recurring monthly revenue (RMR) of $353 million rose 4% YoY.
Trailing 12-month gross customer revenue attrition was 12.9%, a 10-basis-point improvement versus the prior year period.
Total Consumer and Small Business revenue was $1.2 billion for the quarter, up 5% versus the prior year.
In January, ADT announced it will be exiting its residential solar business following the previously announced footprint restructuring and<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36785220/why-smart-home-technology-company-adt-shares-are-rocketing-today" rel="noreferrer noopener">&nbsp;detailed strategic review.</a>
During the fiscal the company reduced debt by $2.1 billion, improved borrowing costs by ~35 basis points, and extended debt maturities.
Adjusted EBITDA from continuing operations in the quarter was $599 million, up 1% Y/Y.
The net cash provided by operating activities during the quarter was $412 million (-27% Y/Y. ADT returned $32 million to shareholders in dividends during the quarter and $129 million for the fiscal.
2024 Outlook:&nbsp;ADT expects CSB segment revenue of 4.8 billion-$5.0 billion. The company expects adjusted EPS of $0.60 &#8211; $0.70, against consensus of $0.50.
The company sees Adjusted FCF, including interest rate&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">swaps, of $700 million &#8211; $800 million.</a>
Price Action:&nbsp;ADT shares traded higher by 7.5% at $7.02 on the last check Wednesday.

Equities

ADT's Strategic Shifts Pay Off As Q4 EPS Beat Expectations: Details

2024 FINANCIAL&nbsp;OUTLOOK
The Company is providing the following financial&nbsp;guidance&nbsp;for 2024, with all metrics representing an improvement over 2023 performance.
<table align="center">
<tbody>
<tr>
<td>(in millions, except per share data)</td>
<td>2024&nbsp;Guidance</td>
</tr>
<tr>
<td>CSB Segment</td>
</tr>
<tr>
<td>Total Revenue</td>
<td>$4,800&nbsp;-&nbsp;$5,000</td>
</tr>
<tr>
<td>Adjusted EBITDA</td>
<td>$2,525&nbsp;-&nbsp;$2,625</td>
</tr>
<tr>
<td>Total Company</td>
</tr>
<tr>
<td>Adjusted EPS</td>
<td>$0.60&nbsp;-&nbsp;$0.70</td>
</tr>
<tr>
<td>Adjusted Free Cash Flow
			(including interest rate swaps)</td>
<td>$700&nbsp;-&nbsp;$800</td>
</tr>
</tbody>
</table>

ADT Expects FY24 Revenue (CSB) of 4.8B-$5,0B Vs $5.26B Est and Adj EPS of $0.60-$0.70 Vs $0.50 Est

ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.04 by 525 percent. This is a 150 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $1.22 billion which missed the analyst consensus estimate of $1.44 billion by 15.14 percent. This is a 25.71 percent decrease over sales of $1.65 billion the same period last year.

ADT Q4 Adj EPS $0.25 Beats $0.04 Estimate, Sales $1.22B Miss $1.44B Estimate

ADT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement.
Analysts estimate that ADT will report an earnings per share (EPS) of $0.04. 
ADT bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.06, which was followed by a 5.69% drop in the share price the next day.
Here's a look at ADT's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.02</td>
<td>0.06</td>
<td>0.08</td>
<td>0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.08</td>
<td>0.16</td>
<td>0.12</td>
<td>0.10</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-6.0%</td>
<td>3.0%</td>
<td>-8.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709049655_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of ADT were trading at $6.63 as of February 26. Over the last 52-week period, shares are down 12.37%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/ADT/earnings">To track all earnings releases for ADT visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For ADT

ADT Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADT#NYSE">ADT</a>) shares are surging today after the company announced the exit of its residential solar business and disclosed shareholders&#8217;&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/g36769217/adt-provides-solar-business-update-and-advances-capital-allocation-strategy" rel="noreferrer noopener">appreciation initiative</a>.&nbsp;
The company stated that its Solar segment generated an Adjusted EBITDA loss of $(89) million in the nine months of FY23 due to operational and macroeconomic challenges.&nbsp;
Consequently, the company&#8217;s Board of Directors approved the solar business divestiture, which may include transferring business components to other parties.
The company expects to incur certain one-time exit charges and cash expenditures from the same and is still analyzing the estimated net amount to be incurred.
Dividend Boost: ADT&#8217;s Board of Directors raised its quarterly dividend per share by 57% to $0.055, payable on April 4, 2024, to shareholders of record as of March 14, 2024.&nbsp;
Share Buyback Authorization:&nbsp;The company also authorized a $350 million share repurchase program.
As per its plan, in December, the company repaid $500 million of First Lien Senior Secured Notes due 2024, thereby reducing total debt by around $2 billion.
Last month, the company announced the departure of Ken Porpora from the position of Executive Vice President and Chief Financial Officer (CFO) and appointed Jeff Likosar&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/23/12/g36333970/adt-announces-departure-of-ken-porpora-chief-financial-officer" rel="noreferrer noopener">as the interim CFO</a>.
ADT will release fourth quarter and full year results<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">&nbsp;on February 28, 2024</a>.
Price Action: ADT shares are up 11.08% at $6.86 on the last check Thursday.

Mid Cap

Buybacks

Why Smart Home Technology Company ADT Shares Are Rocketing Today

ADT shares are trading higher after the company announced it will exit its residential solar business. The company also said it would increase its dividend and authorize a $350 million share repurchase program.

Asset Sales

ADT Exits Residential Solar Business; Increases Quarterly Dividend by 57% and Authorizes $350M Share Repurchase Program

ADT Inc. (ADT) Q1 2024 Earnings Call Transcript

Barclays analyst Manav Patnaik maintained a Sell rating on Adt (ADT – Research Report) today and set a price target of $7.00. The company's shares ...

Barclays Sticks to Its Sell Rating for Adt (ADT)

Adt, Inc. (ADT) has disclosed a new risk, in the Share Price & Shareholder Rights category. Adt, Inc.'s transition from being a "controlled company...

ADT, Inc. Navigates Governance Shift: Embracing Independence Post-Apollo Control

Goldman Sachs analyst George Tong reiterated a Buy rating on Adt (ADT – Research Report) yesterday. The company's shares closed last Friday at $6.4...

Goldman Sachs Sticks to Its Buy Rating for Adt (ADT)

Aristotle Capital Corporate Credit Q1 2024 Commentary

With the surge in home remodeling activities, the growing trend of DIY projects, and technological advancements like smart home devices, the home improvement industry is well-positioned for significant expansion. Hence, it could be wise to buy top home goods stocks Home Depot (HD), ADT (ADT), and Kingfisher (KGFHY) with attractive valuations. Read more... The home improvement industry is booming due to several factors, such as growing homeowner expenditures on home improvement projects, technological advancements, and the popularity of do-it-yourself (DIY) projects fueled by online tutorials and social media platforms.
Given the industry's tailwinds, investors could consider buying fundamentally sound home stocks The Home Depot, Inc. (<a href="https://stocknews.com/stock/HD/">HD</a>), ADT Inc. (<a href="https://stocknews.com/stock/ADT/">ADT</a>), and Kingfisher plc (<a href="https://stocknews.com/stock/KGFHY/">KGFHY</a>), which are trading at a discount compared to their peers.
In recent years, the home improvement sector in the U.S. has experienced a remarkable expansion, driven by changing preferences among homeowners, the need to update aging housing inventory, and a solid real estate market that promotes renovations and enhancements. The U.S. home improvement market is expected to grow at a <a href="https://www.credenceresearch.com/report/united-states-home-improvement-market">CAGR of 5.2%</a> until 2032.
Furthermore, rapid advancements in home automation technology and ongoing innovation in appliances have spurred a surge in household renovations aimed at integrating superior systems, particularly for consumers embracing smart appliances more extensively.
Lately, there has been a high demand for home improvement goods that reduce environmental impact and lower energy costs, including solar panel installations, eco-friendly building materials, and high-efficiency HVAC systems. The smart home market is expected to reach $370.95 billion by 2029, <a href="https://www.mordorintelligence.com/industry-reports/global-smart-homes-market-industry">growing at a CAGR of 25.3%</a> from 2024 to 2029.
Considering these encouraging trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry stocks, beginning with the third choice.
Stock #3: The Home Depot, Inc. (<a href="https://stocknews.com/stock/HD/">HD</a>) 
HD operates as a home improvement retailer internationally. The company sells various building materials, home improvement products, lawn and garden products, décor products, and facilities maintenance, repair, and operations products.
On May 6, 2024, HD declared a first-quarter cash dividend of $2.25 per share, payable on June 13, 2024. Over the last three years, HD's dividend payouts have grown at an 11.5% CAGR. While HD's four-year average dividend yield is 2.29%, the company's annual dividend of $9 translates to a yield of 2.61% at the current price level.
On March 28, HD agreed to purchase SRS Distribution Inc., a prominent distributor focused on specialized residential trades and caters to professional roofers, landscapers, and pool contractors.
SRS will accelerate HD's growth with the residential professional customer. It aligns with HD's strengths and will empower the company to better serve complex project purchase occasions with renovators and remodelers while establishing The Home Depot as a leading specialty trade distributor across multiple verticals.
HD's trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> of 16.14% is 45.2% higher than the industry average of 11.12%. Also, the stock's trailing-12-month net income margin and EBIT margin of 9.79% and 13.97% are 108.4% and 81% higher than the industry averages of 4.70% and 7.72%, respectively.
For the fiscal first quarter that ended April 28, 2024, HD reported net sales and gross profit of $26.42 billion and $12.43 billion, respectively. Also, the company's net earnings came in at $3.60 billion and $3.63 per share, respectively. Additionally, as of April 28, 2024, its cash and cash equivalents were $4.26 billion, compared to $1.26 billion as of April 30, 2023.
Analysts expect HD's revenue for the fiscal year ending January 2025 to increase marginally year-over-year to $154.17 billion. Street expects its EPS to grow 1.5% year-over-year to $15.34 for the same period. Moreover, the company surpassed consensus EPS estimates in each of the trailing four quarters, which is promising.
HD's stock has soared 12% over the past six months to close the last trading session at $344.21.
HD's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Stability and Quality. It is ranked #18 in the 58-stock B-rated <a href="https://stocknews.com/category/home-improvement-goods/">Home Improvement &amp; Goods</a> industry.
Beyond what is stated above, we've also rated HD for Growth, Momentum, Sentiment, and Value. Get all HD ratings <a href="https://stocknews.com/stock/HD/">here</a>.
Stock #2: ADT Inc. (<a href="https://stocknews.com/stock/ADT/">ADT</a>)
ADT offers security, automation, and smart home solutions to consumers and businesses, providing monitored security systems, fire detection, video surveillance, and access control. The company operates through different segments: Consumer and Small Business; Commercial; and Solar.
On January 24, 2024, ADT announced exiting its residential solar business. The company will remain focused on cash flow generation and capital-efficient growth within its core security and smart home business. As part of this continued focus, ADT also advanced its capital allocation strategy, including a cash dividend increase and authorization of a new share repurchase program.
The company declared a quarterly cash dividend of $0.055 per share, payable on April 4, 2024. This dividend represents a 57% increase over the previous quarterly dividend. Also, it authorized a $350 million share repurchase program. As the company executes share repurchases, the Board will periodically review the remaining authorization as part of its capital allocation strategy.
In terms of forward EV/EBITDA, ADT is trading at 5.62x, 42.4% lower than the industry average of 9.77x. Its forward EV/EBIT multiple of 12.14 is 13.3% lower than the industry average of 14.01. Likewise, the stock's forward Price/Book of 1.47x is 40.6% lower than the industry average of 2.48x.
ADT's trailing-12-month gross profit margin of 80.58% is 118% higher than the industry average of 36.97%. Its trailing-12-month EBIT margin of 22.30% is 188.9% higher than the 7.72% industry average. Also, the stock's trailing-12-month EBITDA margin of 49.56% is significantly higher than the 11.12% industry average.
During the first quarter, which ended March 31, 2024, ADT's total revenue was $1.21 billion, with end-of-period recurring monthly revenue (RMR) up 3% to $353 million. Its Consumer and Small Business (CSB) revenue rose 5% from the prior year's quarter to $1.20 billion, and segment adjusted EBITDA was $638 million, up 8% year-over-year.
Furthermore, the company reported an adjusted income from continuing operations of $151 million and $0.16 per share, up 58.9% and 45.5% year-over-year, respectively.
Analysts expect ADT's revenue to increase 5.5% year-over-year to $5.15 billion, accompanied by a projected 14.6% year-over-year rise in EPS to $0.84 for the fiscal year ending December 2025. Moreover, the company has surpassed consensus EPS estimates in each of the trailing four quarters, which is impressive.
Shares of ADT have gained 19.7% over the past year to close the last trading session at $7.18.
ADT's POWR Ratings reflect bright prospects. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
ADT has a B grade for Quality, Momentum, and Sentiment. It is ranked #14 in the same industry.
In addition to the POWR Ratings highlighted above, one can access ADT's ratings for Growth, Value, and Stability <a href="https://stocknews.com/stock/ADT/">here</a>.
Stock #1: Kingfisher plc (<a href="https://stocknews.com/stock/KGFHY/">KGFHY</a>)
Headquartered in London, the United Kingdom, KGFHY supplies home improvement products and services primarily in the United Kingdom, Ireland, France, and internationally. Its portfolio includes renowned brands like B&amp;Q, Castorama, TradePoint, and Screwfix, offering a diverse range of home improvement solutions.
KGFHY's forward EV/Sales of 0.54x is 55.2% lower than the industry average of 1.22x. Its forward EV/EBITDA multiple of 5.43 is 44.3% lower than the industry average of 9.74. Likewise, the stock's forward EV/EBIT of 11.13x is 20.5% lower than the industry average of 14.01x.
KGFHY's trailing-12-month levered FCF margin of 5.59% is 4% higher than the industry average of 5.37%. Also, the stock's trailing-12-month asset turnover ratio of 1.08x is 9% higher than the 0.99x industry average.
For the fiscal year ended January 31, 2024, KGFHY reported sales of £12.98 billion ($16.48 billion). Its adjusted pre-tax profit and adjusted EPS were £568 million ($721.37 million) and 21.90p, respectively. Additionally, the company's free cash flow increased significantly year-over-year to £514 million ($652.79 million).
Street expects KGFHY's revenue for the fiscal year (ending January 2026) to increase 2.9% year-over-year to $16.72 billion. Over the past three months, the stock has gained 14.6% to close the last trading session at $6.57.
KGFHY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to Buy in our proprietary rating system.
KGFHY has an A grade for Value and a B for Stability and Quality. The stock is ranked #6 in the same industry.
<a href="https://stocknews.com/stock/KGFHY/">Click here</a> to access the additional KGFHY ratings (Growth, Momentum, and Sentiment).
What To Do Next?
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HD shares were trading at $338.80 per share on Monday morning, down $5.41 (-1.57%). Year-to-date, HD has declined -1.65%, versus a 11.89% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/hd-adt-kgfhy-3-home-goods-stocks-with-attractive-valuations/>3 Home Goods Stocks With Attractive Valuations</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Home Goods Stocks With Attractive Valuations

ADT: Improving Security

Tracking John Rogers' Ariel Investments Portfolio - Q1 2024 Update

Adt (ADT) just unveiled an announcement. ADT Inc. has expanded its Board of Directors, bringing the total members to 14, with the addition of Danie...

ADT Inc. Bolsters Board with Financial and Marketing Experts

Warning: ADT is at high risk of cutting its dividend

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Press Releases

ADT Reports Fourth Quarter and Full Year 2023 Results

IPOs

ADT Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Financing

ADT Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of ADT Inc. (NYSE: ADT)

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ADT (ADT) Forecast

ADT (NYSE:ADT) Stock, Quote.Headers.trade-ideas