Frontdoor Inc to Post FY2018 Earnings of $1.35 Per Share, Gabelli Forecasts (FTDR)

Frontdoor Inc (NASDAQ:FTDR) – Gabelli cut their FY2018 earnings estimates for shares of Frontdoor in a research report issued on Tuesday, November 6th. Gabelli analyst P. Fanelli now expects that the company will post earnings per share of $1.35 for the year, down from their previous forecast of $1.65. Gabelli currently has a “Buy” rating and a $55.00 price target on the stock. Gabelli also issued estimates for Frontdoor’s FY2019 earnings at $1.80 EPS, FY2020 earnings at $2.05 EPS, FY2021 earnings at $2.25 EPS and FY2022 earnings at $2.50 EPS.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Monday, November 5th. The company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The firm had revenue of $377.00 million for the quarter, compared to the consensus estimate of $369.50 million. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year.

A number of other research analysts have also recently weighed in on the stock. UBS Group cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. CIBC started coverage on shares of Frontdoor in a report on Tuesday, October 2nd. They issued an “outperform” rating and a $48.00 price target on the stock. Compass Point cut their price target on shares of Frontdoor from $51.75 to $42.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, Oppenheimer set a $40.00 price target on shares of Frontdoor and gave the stock a “buy” rating in a report on Monday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $46.25.

FTDR stock opened at $22.28 on Thursday. Frontdoor has a twelve month low of $20.68 and a twelve month high of $49.92.

About Frontdoor

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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