ADT Inc. provides security, automation, and smart home solutions to consumer and business customers in the United States. It provides a range of fire detection, fire suppression, video surveillance, and access control systems to residential, commercial, and multi-site customers. The company primarily offers monitored security and automation solutions, including the installation and monitoring of security and premises automation systems designed to detect intrusion, control access, sense movement, smoke, fire, carbon monoxide, flooding, temperature, and other environmental conditions and hazards; and address personal emergencies, such as injuries, medical emergencies, or incapacitation. It also provides interactive and smart home solutions that allow customers to use their smart phones, tablets, and laptops to arm and disarm their security systems, adjust lighting or thermostat levels, and view real-time video of their premises; and create customized and automated schedules for managing lights, thermostats, appliances, garage doors, cameras, and other connected devices, as well as offers monitoring and maintenance services. The company offers its products under the ADT, ADT Pulse, Protection 1, ADT Commercial, and Blue by ADT names. As of December 31, 2020, it operated through a network of approximately 300 sales and service offices, 9 underwriter laboratories listed monitoring centers, 18 sales and customer and field support locations, 4 national sales call centers, and 3 regional distribution centers. The company was formerly known as Prime Security Services Parent, Inc. and changed its name to ADT Inc. in September 2017. ADT Inc. was founded in 1874 and is headquartered in Boca Raton, Florida.
IPO Year: 2018
Exchange: NYSE
Website: adt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/1/2022 | $11.00 | Buy | Citigroup |
| 10/31/2022 | $8.00 | Equal-Weight | Morgan Stanley |
| 3/3/2022 | $10.00 → $9.00 | Equal-Weight | Morgan Stanley |
| 3/2/2022 | $10.00 → $9.00 | Sector Perform | RBC Capital |
| 1/6/2022 | $10.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 1/5/2022 | $10.25 | Buy | Citigroup |
| 7/19/2021 | $12.00 | Outperform | RBC Capital Mkts |
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BOCA RATON, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) ("ADT" or the "Company") today announced the pricing of the previously announced secondary public offering of 56,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the "Selling Stockholders"). The offering is expected to close on October 30, 2024, subject to satisfaction of customary conditions. The underwriters will have a 30-day option to purchase up to an additional 8,400,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the offering. In addition, ADT has a
BOCA RATON, Fla., Oct. 28, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) ("ADT" or the "Company") today announced a proposed secondary public offering of 56,000,000 shares of the Company's common stock held by certain entities managed by affiliates of Apollo Global Management, Inc. (the "Selling Stockholders"). The underwriters will have a 30-day option to purchase up to an additional 8,400,000 shares of common stock from the Selling Stockholders. The Company is not selling any shares and will not receive any proceeds from the proposed offering. In addition, ADT has authorized the concurrent purchase from the underwriters of 16,000,000 shares of common stock as part of the secondary pu
Continued strong financial results, cash generation, and leverage reduction Revenue up 5% versus prior year period GAAP income from continuing operations up 7%; Adjusted EBITDA up 6% Record-high recurring monthly revenue; solid customer retention On track to achieve full year 2024 guidance metrics BOCA RATON, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today reported results for the third quarter of 2024. Financial highlights for the third quarter are below with variances on a year-over-year basis unless otherwise noted. Results of the former commercial and solar segments are presented as discontinued
BOCA RATON, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at investor.adt.com. A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participants may listen to the live call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international), and providing the access code 4948265. An audio
BOCA RATON, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today announced the appointment of Suzanne Yoon to the Company's Board of Directors as an additional independent director. "We are pleased to welcome Suzanne to our board of directors," said ADT Chairman, President and CEO, Jim DeVries. "She brings a wealth of experience, financial expertise and a deep understanding of value creation. Suzanne has a strong commitment to innovation and operational excellence, making her the perfect addition to our board." Yoon is the founder and managing partner of Kinzie Capital Partners, a Chicago-based private eq
Continued strong operating cash generation Solid revenue growth, up 3% versus prior year period Improved leverage and over $150 million debt reduction in the quarter Affirming full year 2024 guidance metrics BOCA RATON, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today reported results for the second quarter of 2024. Financial highlights for the second quarter are below with variances on a year-over-year basis unless otherwise noted. Results of the former commercial and solar segments are presented as discontinued operations
BOCA RATON, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) will release its second quarter 2024 financial results before the market opens on Thursday, Aug. 1, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at investor.adt.com. A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participants may listen to the live call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international), and providing the access code 4948265. An audio
BOCA RATON, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today announced the appointment of Dan Houston and Danielle Tiedt to the Company's Board of Directors as additional independent directors. In conjunction with their appointments, Houston and Tiedt will both join the Board's Nominating and Corporate Governance Committee, while Houston will also join the Board's Compensation Committee. "We are pleased to welcome Dan and Danielle to our board of directors," said ADT Chairman, President and CEO, Jim DeVries. "Dan's executive-level experience driving strategy and operational excellence, together with Dani
Strong 2024 momentum anchored by cash flow growth Solid CSB revenue growth, up 5%, and segment Adjusted EBITDA, up 8% Streamlined focus on innovation and growth in core consumer markets Returned capital to shareholders through increased dividend and share repurchase BOCA RATON, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today reported results for the first quarter of 2024. Financial highlights for the first quarter are listed below. Except for cash flow measures, prior period amounts have been recast to exclude ADT's former commercial business, consistent with continuing operations GAAP pres
BOCA RATON, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, announced today that Jeff Likosar has been named Chief Financial Officer. In addition to his duties as President, Corporate Development and Chief Transformation Officer, which he will retain, Likosar had been serving as interim CFO since December 2023. He previously served as the company's CFO from 2017 to 2022. Along with customary CFO responsibilities, Likosar will remain responsible for corporate development, strategy, and transformation execution. "Following a deep assessment of our needs and a robust search process including the evaluation o
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Continued strong financial results, cash generation, and leverage reduction Revenue up 5% versus prior year period GAAP income from continuing operations up 7%; Adjusted EBITDA up 6% Record-high recurring monthly revenue; solid customer retention On track to achieve full year 2024 guidance metrics BOCA RATON, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today reported results for the third quarter of 2024. Financial highlights for the third quarter are below with variances on a year-over-year basis unless otherwise noted. Results of the former commercial and solar segments are presented as discontinued
BOCA RATON, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) will release its third quarter 2024 financial results before the market opens on Thursday, Oct. 24, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at investor.adt.com. A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participants may listen to the live call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international), and providing the access code 4948265. An audio
Continued strong operating cash generation Solid revenue growth, up 3% versus prior year period Improved leverage and over $150 million debt reduction in the quarter Affirming full year 2024 guidance metrics BOCA RATON, Fla., Aug. 01, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today reported results for the second quarter of 2024. Financial highlights for the second quarter are below with variances on a year-over-year basis unless otherwise noted. Results of the former commercial and solar segments are presented as discontinued operations
BOCA RATON, Fla., July 18, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) will release its second quarter 2024 financial results before the market opens on Thursday, Aug. 1, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at investor.adt.com. A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participants may listen to the live call by dialing 1-800-715-9871 (domestic) or 1-646-307-1963 (international), and providing the access code 4948265. An audio
Strong 2024 momentum anchored by cash flow growth Solid CSB revenue growth, up 5%, and segment Adjusted EBITDA, up 8% Streamlined focus on innovation and growth in core consumer markets Returned capital to shareholders through increased dividend and share repurchase BOCA RATON, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today reported results for the first quarter of 2024. Financial highlights for the first quarter are listed below. Except for cash flow measures, prior period amounts have been recast to exclude ADT's former commercial business, consistent with continuing operations GAAP pres
BOCA RATON, Fla., April 11, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) will release its first quarter 2024 financial results before the market opens on Thursday, April 25, 2024. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at investor.adt.com. A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participants may listen to the live call by dialing 1-833-470-1428 (domestic) or 1-404-975-4839 (international), and providing the access code 271635. An audi
Streamlined focus on innovation and growth in core consumer markets Fortified balance sheet with $2.1 billion of debt reduction in 2023 Continued record recurring monthly revenue and strong retention Improved capital efficiency with revenue payback of 2.1 years Driving momentum into 2024, anchored by strong growth in cash flow BOCA RATON, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today reported results for the fourth quarter and full year of 2023. Financial highlights for the fourth quarter and full year are listed below. Except for cash flow measures, prior period amounts have been recast to exclude
Exits Residential Solar BusinessIncreases Quarterly Dividend by 57% and Authorizes $350 Million Share Repurchase ProgramContinues to Strengthen Balance SheetSchedules Fourth Quarter and Full Year 2023 Reporting Date BOCA RATON, Fla., Jan. 24, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today announced it will be exiting its residential solar business. The Company will remain focused on cash flow generation and capital-efficient growth within its core security and smart home business. As part of this continued focus, ADT is also advancing its capital allocation strategy, including a cash dividend increase and authorization
Significant balance sheet improvement driven by divestiture of commercial business Record high CSB recurring monthly revenue balance driven by strong retention Improved capital efficiency with record revenue payback of 2.0 years Continued innovation in core smart home security markets and rationalization of solar footprint BOCA RATON, Fla., Nov. 02, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today reported results for the third quarter of 2023. Financial highlights for the third quarter of 2023 are listed below. Except for cash flow measures, prior period amounts have been recast to exclude the commercial business,
BOCA RATON, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT) will release its third quarter 2023 financial results before the market opens on Thursday, Nov. 2, 2023. Following the release, management will host a conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at investor.adt.com. A replay of the webcast will be available on the website within 24 hours of the live event. Alternatively, participants may listen to the live call by dialing 1-833-470-1428 (domestic) or 1-646-904-5544 (international), and providing the access code 664545. An audio r
BOCA RATON, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today announced the appointment of Suzanne Yoon to the Company's Board of Directors as an additional independent director. "We are pleased to welcome Suzanne to our board of directors," said ADT Chairman, President and CEO, Jim DeVries. "She brings a wealth of experience, financial expertise and a deep understanding of value creation. Suzanne has a strong commitment to innovation and operational excellence, making her the perfect addition to our board." Yoon is the founder and managing partner of Kinzie Capital Partners, a Chicago-based private eq
BOCA RATON, Fla., June 17, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today announced the appointment of Dan Houston and Danielle Tiedt to the Company's Board of Directors as additional independent directors. In conjunction with their appointments, Houston and Tiedt will both join the Board's Nominating and Corporate Governance Committee, while Houston will also join the Board's Compensation Committee. "We are pleased to welcome Dan and Danielle to our board of directors," said ADT Chairman, President and CEO, Jim DeVries. "Dan's executive-level experience driving strategy and operational excellence, together with Dani
BOCA RATON, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) -- ADT (NYSE:ADT) today announced the appointment of Wayne Thorsen to the newly created role of Executive Vice President and Chief Business Officer, effective immediately. Thorsen will be responsible for leading ADT's product, innovation and new business development teams. "Wayne is a seasoned executive who brings valuable experience in business development, strategic partnerships and product marketing and development," said Jim DeVries, ADT President and CEO. "Wayne's expertise will accelerate our strategy to sustainably grow our business and continue to attract strategic partners by showcasing ADT's market leadership." "ADT's innovation
BOCA RATON, Fla., Dec. 16, 2022 (GLOBE NEWSWIRE) -- ADT (NYSE:ADT) today announced that Jamie Haenggi has been appointed to lead ADT Solar, a division of ADT Inc. Haenggi served as executive vice president and chief operating officer of ADT Solar since March and will now lead all functions within the division. Marc Jones, founder of Sunpro, which was acquired by ADT in 2021 and rebranded as ADT Solar, will serve as senior advisor to Haenggi. Jones previously served as executive vice president, ADT Solar. Haenggi joined ADT in 2016 and has served the company in executive roles within sales, marketing and customer experience. She also serves on the board of directors of Enphase Energy. "AD
BOCA RATON, Fla., June 16, 2022 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today announced the appointment of William M. ("Bill") Lewis Jr. to the company's board of directors as a Class II director with a term expiring at the 2025 annual meeting. "We are pleased to welcome Bill to our board of directors," said ADT's Chairman, Marc Becker. "Bill has deep experience providing financial counsel to growth companies in a wide range of industries. He brings broad new perspective to the ADT board as it develops and grows safe, smart, and sustainable customer solutions." "It's a pleasure to join ADT's board of directors and be pa
BOCA RATON, Fla., April 11, 2022 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE:ADT), the most trusted brand in smart home and small business security, today announced the appointment of Benjamin Honig to the company's board of directors as a class I director with a term expiring at the 2024 annual meeting. "We are pleased to welcome Ben to our board of directors," said ADT's Chairman, Marc Becker. "His background investing in technology and consumer service companies, combined with board experience, will bring new perspectives to our board and benefit the company as ADT grows its safe, smart and sustainable customer solutions." "I am thrilled to be joining the board of ADT," Honig said. "The comp
NEW YORK, Feb. 10, 2022 /PRNewswire/ -- BigID, the leading data intelligence platform that enables organizations to know their enterprise data and take action for privacy, security, and governance, today announced the appointment of financial services executive Sigal Zarmi, to its Board of Advisors ("the Board"). Ms. Zarmi is an award-winning Chief Information Officer (CIO) and former International CIO and head of Digital Transformation at Morgan Stanley, having previously held senior technology positions at GE Capital, and PWC as well. She currently serves on two public com
BOCA RATON, Fla., April 05, 2021 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT) a leading provider of security, automation, and smart home solutions serving consumer and business customers in the United States, today announced the appointment of Sigal Zarmi to the company’s board of directors as an additional independent director. “We are pleased to welcome Sigal to our board of directors,” said Marc Becker, ADT chairman of the board. “Her extensive experience in technology and transformation will be a tremendous asset to our board and the company as ADT enters its next growth phase and creates smarter security solutions to actively protect people in ways that haven’t even been imagined.” “I
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector. ADT Inc. (NYSE:ADT) Dividend Yield: 3.07% Barclays analyst Manav Patnaik mai
The Company is reiterating its financial guidance for 2024. (in millions, except per share data) CSB Total Revenue $4,800 - $5,000 CSB Adjusted EBITDA $2,525 - $2,625 Adjusted EPS $0.60 - $0.70 Adjusted Free Cash Flow (including interest rate swaps) $700 - $800
ADT (NYSE:ADT) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.12 by 33.33 percent. This is a 45.45 percent increase over earnings of $0.11 per share from the same period last year. The company reported quarterly sales of $1.209 billion which beat the analyst consensus estimate of $1.192 billion by 1.45 percent. This is a 25.00 percent decrease over sales of $1.612 billion the same period last year.
Barclays analyst Manav Patnaik maintains ADT (NYSE:ADT) with a Underweight and lowers the price target from $8 to $7.
Shares of HighPeak Energy, Inc. (NASDAQ:HPK) fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter revenue results. HighPeak Energy posted GAAP earnings of 66 cents per share, versus market estimates of 65 cents per share. The company’s quarterly sales came in at $301.153 million versus expectations of $339.525 million. HighPeak Energy shares declined 15.3% to $13.49 on Thursday. Here are some other stocks moving in today's mid-day session. Gainers Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) shares jumped 404% to $11.65 after the company announced the launch of Lytus Cloud. CERo Therapeutics Holdings, Inc. (NASDAQ:CERO) gained
Shares of Rush Street Interactive, Inc. (NYSE:RSI) rose sharply in today’s pre-market trading as the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for 2024. Rush Street Interactive posted adjusted earnings of 1 cent per share, versus market expectations for a loss of 3 cents per share. The company’s quarterly sales came in at $193.85 million, topping estimates of $178.56 million. Rush Street Interactive shares surged 25.2% to $6.75 in pre-market trading Here are some other stocks moving in pre-market trading. Gainers Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) gained 275.6% to $8.68 in pre-market trading after the co
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining by around 0.1% points on Thursday. Shares of Victoria's Secret & Co. (NYSE:VSCO) fell sharply in today’s pre-market trading after reporting fourth-quarter results. Victoria’s Secret posted upbeat earnings for its fourth quarter, while sales missed estimates. The company’s board also authorized a new share repurchase program of up to $250 million. The company also guided for full-year 2024 revenue of around $6 billion versus estimates of $6.28 billion, according to data from Benzinga Pro. Victoria's Secret shares tumbled 32.1% to $17.40 in pre-market trading. Here are some big stocks recording losses in today’s
Citigroup resumed coverage of ADT with a rating of Buy and set a new price target of $11.00
Morgan Stanley resumed coverage of ADT with a rating of Equal-Weight and set a new price target of $8.00
Morgan Stanley reiterated coverage of ADT with a rating of Equal-Weight and set a new price target of $9.00 from $10.00 previously
RBC Capital reiterated coverage of ADT with a rating of Sector Perform and set a new price target of $9.00 from $10.00 previously
RBC Capital Mkts downgraded ADT from Outperform to Sector Perform and set a new price target of $10.00
Citigroup resumed coverage of ADT with a rating of Buy and set a new price target of $10.25
RBC Capital Mkts resumed coverage of ADT with a rating of Outperform and set a new price target of $12.00
Credit Suisse reiterated coverage of ADT with a rating of Outperform and set a new price target of $12.00 from $11.00 previously
Deutsche Bank Aktiengesellschaft upgraded ADT from Hold to Buy
Deutsche Bank upgraded ADT from Hold to Buy and set a new price target of $10.00