William Blair reflects on frontdoor, inc.’s Q2 2022 results. (NASDAQ:FTDR)

front door, inc. (NASDAQ:FTDR – Get Rating) – Analysts at William Blair dropped their second-quarter 2022 EPS estimates for the Gateway in a report released on Friday, February 25. William Blair analyst J. Schmitt now expects the company to post earnings of $0.72 per share for the quarter, down from its previous estimate of $0.85. William Blair also released estimates for Frontdoor Q3 2022 earnings at $0.75 EPS, Q4 2022 earnings at $0.30 EPS, Q1 2023 earnings at $0.21 EPS, Q2 earnings at $0.21 EPS 2023 at $0.87 EPS, Q3 2023 earnings at $0.88 EPS and Q4 2023 earnings at $0.34 EPS. frontdoor (NASDAQ:FTDR – Get Rating) last reported results on Thursday, February 24. The company reported earnings per share of $0.10 for the quarter, missing Thomson Reuters consensus estimate of $0.20 per ($0.10). frontdoor had a return on equity of 2,542.10% and a net margin of 7.99%. The company posted revenue of $340.00 million for the quarter, compared to $336.11 million expected by analysts. In the same quarter last year, the company posted earnings per share of $0.08. The company’s quarterly revenue increased 5.3% from the same quarter last year.

Several other research companies have also weighed in on FTDR recently. Raymond James cut its target price on the $55.00 entry gate to $40.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Investment Research downgraded the Entry Gate from a “buy” rating to a “hold” rating in a research note on Friday. Three analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.25.

(A d)

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The NASDAQ FTDR opened at $30.55 on Monday. The company’s 50-day moving average price is $35.92 and its 200-day moving average price is $38.79. frontdoor has a 12-month low of $27.27 and a 12-month high of $57.51. The company has a market capitalization of $2.59 billion, a PE ratio of 20.37, a growth price-earnings ratio of 0.80 and a beta of 0.45. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt ratio of 9.87.

A number of hedge funds and other institutional investors have recently changed their holdings in FTDR. CarsonAllaria Wealth Management Ltd. bought a new position in Frontdoor during Q4 worth approximately $26,000. PNC Financial Services Group Inc. increased its holdings of frontdoor stocks by 1,474.8% in Q3. PNC Financial Services Group Inc. now owns 1,622 shares of the company worth $68,000 after purchasing an additional 1,519 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in frontdoor in Q4 worth approximately $68,000. Dark Forest Capital Management LP acquired a new stake in Frontdoor in Q2 valued at approximately $107,000. Lastly, BNP Paribas Arbitrage SA increased its frontdoor position by 44.3% in the third quarter. BNP Paribas Arbitrage SA now owns 2,497 shares in the company valued at $105,000 after acquiring an additional 766 shares during the period.

About the front door (Get a rating)

Frontdoor, Inc is engaged in the provision of home service plans. Its in-home service plans cover the repair or replacement of major home systems and appliances. The company’s service focuses on water heaters, garbage disposals, doorbells, smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors.

See also

Earnings history and estimates for frontdoor (NASDAQ:FTDR)

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