Frontdoor (FTDR) Releases Earnings Results, Beats Estimates By $0.02 EPS

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Frontdoor (NASDAQ:FTDR) posted its earnings results on Monday. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02, Morningstar.com reports. The firm had revenue of $377.00 million for the quarter, compared to the consensus estimate of $369.50 million. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Frontdoor updated its FY 2018 guidance to EPS.

FTDR traded down $1.78 during trading on Wednesday, reaching $23.10. The company had a trading volume of 35,647 shares, compared to its average volume of 975,015. Frontdoor has a 52 week low of $22.75 and a 52 week high of $49.92.

A number of analysts recently issued reports on the company. Gabelli assumed coverage on Frontdoor in a research report on Tuesday, October 2nd. They issued a “buy” rating and a $55.00 price target for the company. Compass Point assumed coverage on Frontdoor in a research report on Monday, October 1st. They issued a “buy” rating and a $51.75 price target for the company. Oppenheimer set a $40.00 price target on Frontdoor and gave the stock a “buy” rating in a research report on Monday. UBS Group downgraded Frontdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, CIBC assumed coverage on Frontdoor in a research report on Tuesday, October 2nd. They issued an “outperform” rating and a $48.00 price target for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Frontdoor presently has an average rating of “Buy” and an average target price of $46.25.

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Frontdoor Company Profile

frontdoor, inc. operates a home services platform that provides home service plans to homeowners in the United States. It provides services under the HSA, OneGuard, Landmark, and American Home Shield brand names. The company serves homeowners who require assistance with technical home repair issues by utilizing its network of pre-qualified professional contractor firms.

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