William Blair Predicts Increased Earnings for Frontdoor

Frontdoor, Inc. (NASDAQ:FTDR) – William Blair boosted their FY2024 EPS estimates for shares of Frontdoor in a research report issued on Thursday, January 16th. William Blair analyst J. Schmitt now forecasts 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 released its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm had revenue of $540.00 million for the quarter, compared to analysts’ expectations of $541.88 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. Truist Financial boosted their price objective on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group raised their price target on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Frontdoor currently has a consensus rating of “Hold” and a consensus price target of $49.50.

Frontdoor Trading Up 2.6 %

Shares of FTDR opened at $58.53 on Monday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The firm 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 50-day moving average of $56.83 and a 200 day moving average of $49.95. Frontdoor has a 1-year low of $29.41 and a 1-year high of $60.42.

Institutional Trading of Frontdoor

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. raised its position in shares of Frontdoor by 84.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after purchasing an additional 84,167 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Frontdoor by 362.8% in the third quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company’s stock worth $1,180,000 after acquiring an additional 19,277 shares during the last quarter. Verition Fund Management LLC increased its position in shares of Frontdoor by 255.5% during the third quarter. Verition Fund Management LLC now owns 21,757 shares of the company’s stock worth $1,044,000 after purchasing an additional 15,637 shares in the last quarter. Atria Investments Inc acquired a new position in Frontdoor in the 3rd quarter valued at $315,000. Finally, Geode Capital Management LLC lifted its holdings in Frontdoor by 3.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after purchasing an additional 74,542 shares in the last quarter.

Insider Buying and Selling

In related news, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction dated 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 directly owns 9,429 shares of the company’s stock, valued at $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now owns 4,955 shares in the company, valued at approximately $291,552.20. This represents a 76.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

Frontdoor Company Profile

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.