FY2024 EPS Estimates for Frontdoor Increased by Analyst

Frontdoor, Inc. (NASDAQ:FTDR) – Equities research analysts at William Blair raised their FY2024 earnings per share (EPS) estimates for Frontdoor in a research note issued to investors on Monday, November 4th. William Blair analyst J. Schmitt now anticipates that the company will post earnings of $3.18 per share for the year, up from their prior forecast of $2.85. William Blair has a “Outperform” rating on the stock. The consensus estimate for Frontdoor’s current full-year earnings is $2.79 per share. William Blair also issued estimates for Frontdoor’s Q2 2025 earnings at $1.18 EPS, Q3 2025 earnings at $1.30 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $3.00 EPS, Q1 2026 earnings at $0.40 EPS, Q2 2026 earnings at $1.27 EPS, Q3 2026 earnings at $1.41 EPS and FY2026 earnings at $3.20 EPS.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. Frontdoor’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.94 EPS.

A number of other equities analysts have also recently weighed in on FTDR. The Goldman Sachs Group lifted their price target on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, August 12th. Finally, Truist Financial raised their price objective on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Frontdoor presently has an average rating of “Hold” and an average price target of $49.50.

Frontdoor Trading Up 4.6 %

Shares of FTDR opened at $57.34 on Wednesday. The business’s 50-day moving average price is $49.22 and its 200 day moving average price is $41.61. The stock has a market capitalization of $4.39 billion, a P/E ratio of 18.99 and a beta of 1.03. Frontdoor has a 1-year low of $29.41 and a 1-year high of $57.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66.

Institutional Investors Weigh In On Frontdoor

A number of institutional investors have recently bought and sold shares of the business. Diversified Trust Co lifted its holdings 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 buying an additional 299 shares during the last quarter. Illinois Municipal Retirement Fund lifted its holdings in shares of Frontdoor by 0.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 46,552 shares of the company’s stock valued at $1,517,000 after buying an additional 321 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Frontdoor by 2.2% during the 1st quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock valued at $513,000 after buying an additional 344 shares during the last quarter. CWM LLC lifted its holdings in shares of Frontdoor by 15.8% during the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock valued at $129,000 after buying an additional 367 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock valued at $30,000 after buying an additional 418 shares during the last quarter.

About Frontdoor

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.