Frontdoor Inc. [FTDR] stock is trading at $31.66, up 0.03%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FTDR shares have gain 5.01% over the last week, with a monthly amount drifted -4.21%, and not seem to be holding up well over a long-time horizon.
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On 28, February 2024, Frontdoor Announces Full-Year 2023 Revenue Increased 7% to $1.78 Billion. In a post published today on Yahoo Finance, Gross Profit Margin Rebounded 700 bps to 50% in 2023;Record Net Income of $171 Million and Adjusted EBITDA(1) of $346 Million;$120 Million Utilized to Repurchase 3.6 Million Shares;Targeting Higher Revenue and Adjusted EBITDA(1) in 2024.
From an analyst’s perspective:
Frontdoor Inc. [NASDAQ: FTDR] stock has seen the most recent analyst activity on October 06, 2023, when Truist upgraded its rating to a Buy and also boosted its price target to $42 from $40. Previously, JP Morgan upgraded its rating to Overweight on May 04, 2023, and elevated its price target to $38. On November 04, 2022, downgrade downgraded it’s rating to Mkt Perform. Raymond James downgraded its rating to a Mkt Perform. Goldman downgraded its rating to a Sell and reduced its price target to $21 on June 10, 2022. Truist downgraded its rating to Hold for this stock on May 23, 2022, and downed its price target to $29.
Frontdoor Inc. [FTDR] stock has fluctuated between $24.98 and $38.97 over the past year. Currently, Wall Street analysts expect the stock to reach $42 within the next 12 months. Frontdoor Inc. [NASDAQ: FTDR] shares were valued at $31.66 at the most recent close of the market. An investor can expect a potential return of 32.66% based on the average FTDR price forecast.
Analyzing the FTDR fundamentals
Frontdoor Inc. [NASDAQ:FTDR] reported sales of 1.78B for the trailing twelve months, which represents a growth of 7.65%. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 1.31 and Total Capital is 0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.45.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 31.51 points at the first support level, and at 31.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.76, and for the 2nd resistance point, it is at 31.86.
Frontdoor Inc. [FTDR] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.03/share, meaning a difference of $0.17 and a surprise factor of 566.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.94 per share as compared to estimates of $0.54 per share, a difference of $0.4 representing a surprise of 74.10%.
Ratios To Look Out For
For context, Frontdoor Inc.’s Current Ratio is 1.10. As well, the Quick Ratio is 1.10, while the Cash Ratio is 0.98. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 18.25 and price to earnings (TTM) ratio is 15.02.
Transactions by insiders
Recent insider trading involved Fiarman Jeffrey, SVP & General Counsel, that happened on Nov 07 ’23 when 4250.0 shares were sold. SVP & General Counsel, Fiarman Jeffrey completed a deal on Aug 28 ’23 to sell 1743.0 shares. Meanwhile, SVP & General Counsel Fiarman Jeffrey sold 100.0 shares on Aug 22 ’23.
