What is William Blair’s Estimate for Frontdoor Q4 Earnings?

Frontdoor, Inc. (NASDAQ:FTDR) – William Blair lowered their Q4 2024 EPS estimates for shares of Frontdoor in a research note issued on Monday, November 4th. William Blair analyst J. Schmitt now forecasts that the company will post earnings of $0.16 per share for the quarter, down from their prior estimate 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.

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

Frontdoor Price Performance

NASDAQ FTDR opened at $56.99 on Thursday. The company has a 50-day moving average price of $49.41 and a 200-day moving average price of $41.71. Frontdoor has a 52 week low of $29.41 and a 52 week high of $58.17. The company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The firm has a market capitalization of $4.36 billion, a P/E ratio of 18.87 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. Frontdoor’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share.

Hedge Funds Weigh In On Frontdoor

Several large investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Frontdoor in the third quarter worth $27,000. GAMMA Investing LLC increased its stake in Frontdoor by 90.7% in the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after buying an additional 418 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Frontdoor during the third quarter valued at about $31,000. Isthmus Partners LLC lifted its position in shares of Frontdoor by 0.5% in the second quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after acquiring an additional 603 shares in the last quarter. Finally, Quarry LP boosted its stake in shares of Frontdoor by 468.1% in the second quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after acquiring an additional 894 shares during the period.

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.