William Blair Brokers Lower Earnings Estimates for Frontdoor

Frontdoor, Inc. (NASDAQ:FTDR) – Investment analysts at William Blair dropped their Q4 2024 earnings estimates for shares of Frontdoor in a report released on Monday, November 4th. William Blair analyst J. Schmitt now anticipates that the company will earn $0.16 per share for the quarter, down from their prior forecast of $0.19. 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 Q1 2025 earnings at $0.39 EPS.

Frontdoor (NASDAQ:FTDR) last posted its 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 company had revenue of $540.00 million during the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. Frontdoor’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share.

Other research analysts have also issued reports about the stock. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday. Truist Financial raised their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. One equities research 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, the company has an average rating of “Hold” and a consensus target price of $49.50.

Frontdoor Trading Down 0.6 %

NASDAQ FTDR opened at $56.99 on Thursday. The stock has a market cap of $4.36 billion, a P/E ratio of 18.87 and a beta of 1.03. Frontdoor has a fifty-two week low of $29.41 and a fifty-two week high of $58.17. The stock has a 50 day simple moving average of $49.41 and a two-hundred day simple moving average of $41.71. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.27 and a current ratio of 1.42.

Institutional Investors Weigh In On Frontdoor

Several hedge funds have recently bought and sold shares of FTDR. Commonwealth Equity Services LLC bought a new position in shares of Frontdoor during the first quarter valued at approximately $549,000. Janney Montgomery Scott LLC raised its stake in Frontdoor by 288.6% during the first quarter. Janney Montgomery Scott LLC now owns 29,807 shares of the company’s stock valued at $971,000 after buying an additional 22,136 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Frontdoor in the first quarter worth $180,000. GSA Capital Partners LLP boosted its holdings in Frontdoor by 188.5% in the first quarter. GSA Capital Partners LLP now owns 31,581 shares of the company’s stock worth $1,029,000 after acquiring an additional 20,635 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of Frontdoor by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 69,684 shares of the company’s stock worth $2,270,000 after acquiring an additional 905 shares during the last quarter.

Frontdoor Company Profile

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.