William Blair Brokers Boost Earnings Estimates for Frontdoor

Frontdoor, Inc. (NASDAQ:FTDR) – Equities research analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for shares of Frontdoor in a research note issued on Thursday, January 16th. William Blair analyst J. Schmitt now anticipates that the company will post earnings per share of $3.25 for the year, up from their previous estimate of $3.18. The consensus estimate for Frontdoor’s current full-year earnings is $3.14 per share. William Blair also issued estimates for Frontdoor’s Q2 2025 earnings at $1.32 EPS, Q3 2025 earnings at $1.48 EPS, Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $3.33 EPS, Q1 2026 earnings at $0.47 EPS, Q2 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.59 EPS and Q4 2026 earnings at $0.08 EPS.

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

A number of other analysts also recently commented on FTDR. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Truist Financial lifted their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.50.

Frontdoor Stock Performance

NASDAQ FTDR opened at $58.53 on Monday. The business’s 50 day moving average is $56.82 and its two-hundred day moving average is $49.78. Frontdoor has a 12-month low of $29.41 and a 12-month high of $60.42. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 19.38 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

Insider Activity at Frontdoor

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FTDR. Exchange Traded Concepts LLC purchased a new position in Frontdoor in the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new position in Frontdoor in the third quarter worth about $31,000. Quarry LP raised its stake in Frontdoor by 468.1% during the second quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after buying an additional 894 shares in the last quarter. USA Financial Formulas bought a new position in Frontdoor during the 4th quarter worth approximately $60,000. Finally, TD Private Client Wealth LLC acquired a new position in Frontdoor in the third quarter worth $68,000.

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.