Frontdoor (FTDR) to Release Earnings on Thursday

Frontdoor (NASDAQ:FTDR) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Frontdoor to post earnings of $0.11 per share and revenue of $367.91 million for the quarter.

Frontdoor Trading Up 0.4 %

Shares of FTDR stock opened at $57.55 on Wednesday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 19.06 and a beta of 1.08. The stock has a 50 day simple moving average of $57.61 and a 200-day simple moving average of $53.70. Frontdoor has a 1-year low of $29.41 and a 1-year high of $63.49.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FTDR. The Goldman Sachs Group upped their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research note on Tuesday, November 5th. Truist Financial boosted their price target on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.75.

Insider Buying and Selling

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. This represents a 76.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the sale, the senior vice president now owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.

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.