ADT Inc (NYSE:ADT) has a beta value of 1.59 and has seen 8.06 million shares traded in the last trading session. The company, currently valued at $5.98B, closed the last trade at $6.59 per share which meant it gained $0.08 on the day or 1.23% during that session. The ADT stock price is -15.33% off its 52-week high price of $7.60 and 25.8% above the 52-week low of $4.89. If we look at the company’s 10-day average daily trading volume, we find that it stood at 15.27 million shares traded. The 3-month trading volume is 4.92 million shares.
ADT Inc (NYSE:ADT) trade information
Sporting 1.23% in the green in last session, the stock has traded in the red over the last five days, when the ADT stock price touched $6.59 or saw a rise of 4.08%. Year-to-date, ADT Inc shares have moved -3.37%, while the 5-day performance has seen it change -0.15%. Over the past 30 days, the shares of ADT Inc (NYSE:ADT) have changed -3.51%. Short interest in the company has seen 11.65 million shares shorted with days to cover at 3.5.
ADT Inc (ADT) estimates and forecasts
Figures show that ADT Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 8.39% over the past 6 months, with this year growth rate of 37.25%, compared to 17.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -8.30% and 6.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.20%.
2 analysts offering their estimates for the company have set an average revenue estimate of $1.19 billion for the current quarter. 2 have an estimated revenue figure of $1.22 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.61 billion and $1.65 billion respectively for this quarter and the next, and analysts expect sales will shrink by -26.10% for the current quarter and -25.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 25.80% over the past 5 years. Earnings growth for 2024 is a modest 32.68% while over the next 5 years, the company’s earnings are expected to increase by 3.90%.
ADT Dividends
ADT Inc is expected to release its next earnings report between April 30 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.16 at a share yield of 2.43%. The company’s dividend yield has gone up over the past 12 months.
ADT Inc (NYSE:ADT)’s Major holders
Insiders own 1.17% of the company shares, while shares held by institutions stand at 94.75% with a share float percentage of 95.88%. Investors are also buoyed by the number of investors in a company, with ADT Inc having a total of 307 institutions that hold shares in the company. The top two institutional holders are Apollo Management Holdings, L.P. with over 498.3 million shares worth more than $3.0 billion. As of Jun 29, 2023, Apollo Management Holdings, L.P. held 57.51% of shares outstanding.
The other major institutional holder is State Farm Mutual Automobile Insurance Co, with the holding of over 133.33 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $804.0 million and represent 15.39% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Ariel Fund. As of Jun 29, 2023, the former fund manager holds about 1.27% shares in the company for having 10.97 million shares of worth $66.16 million while later fund manager owns 10.55 million shares of worth $63.62 million as of Jun 29, 2023, which makes it owner of about 1.22% of company’s outstanding stock.
