Frontdoor Inc. (NASDAQ:FTDR) Receives Average Recommendation of “Hold” from Analysts

Shares of Frontdoor Inc. (NASDAQ:FTDR) have been given a consensus rating of “Hold” by the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $59.75.

A number of equities research analysts have recently issued reports on FTDR shares. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research report on Monday. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Zacks Research lowered shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th.

Institutional Trading of Frontdoor

Several institutional investors have recently made changes to their positions in the company. Salomon & Ludwin LLC acquired a new position in shares of Frontdoor in the 3rd quarter valued at $35,000. Bessemer Group Inc. raised its holdings in Frontdoor by 322.1% in the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after buying an additional 393 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Frontdoor by 164.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares during the period. Quarry LP lifted its position in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after buying an additional 713 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Frontdoor during the second quarter worth about $72,000.

Frontdoor Stock Up 0.7%

Shares of FTDR opened at $55.92 on Wednesday. The firm has a market cap of $4.03 billion, a P/E ratio of 15.93 and a beta of 1.32. Frontdoor has a 12 month low of $35.61 and a 12 month high of $70.14. The stock’s 50 day moving average is $58.10 and its two-hundred day moving average is $59.63. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $618.00 million for the quarter, compared to analyst estimates of $610.77 million. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The business’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. Analysts predict that Frontdoor will post 3.07 earnings per share for the current fiscal year.

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.