ADT Inc.Long
ADT is it about to rocket?
With the huge exodus out of cities to the urban areas, ADT has no doubt been benefiting. Recently, ADT CEO on google-ADT partnership and surge in new homebuyers buying security systems was on CNBC: cnbc.com/video/2020/12/02/adt-ceo-google-home-buyers.html
Remember too, that Google has retired is own home security system, and now owns 7% of ADT.
Additionally, ADT announced it has partnered with Lyft on Emergency Help, a new safety feature powered by ADT, which allows passenger and driver feel safe.
Last Earnings report wasn't so rosy, but the future is bright:
Reports Q3 -$0.08 v -$0.02 y/y, Rev 1.30B v 1.30B y/y
- Raises FY20 Rev $5.2-5.35B v 5.28Be, adj EBITDA $2.15-2.23B, FCF $650-725M (prior Rev $5.05-5.30B, adj EBITDA $2.1-2.2B, FCF $625-725M)
- Adj EBITDA 564M v 624M y/y; margin 53.9%
- Trailing twelve-month gross customer revenue attrition of 12.9%, +60bps y/y
CEO: “ADT delivered strong financial and operating results during the third quarter. We improved our revenue payback and customer retention to record levels, grew RMR additions and increased our subscribers. These improvements came while delivering solid financial results and ensuring we continue to prioritize the well-being of our employees and customers,” stated Jim DeVries, ADT’s President and CEO. “Importantly, we are making good progress on numerous strategic initiatives. Our partnership with Google is off to a very strong start and we have worked together to accelerate selected offerings to customers in 2021. We also continue to enjoy strong momentum in our core business. Our consumer financing program has been well received, we’re generating record sales in our DIY channel, the Defenders acquisition is helping to drive growth and efficiency, and we continue to strengthen our capabilities to best serve our commercial customers.”
On 10/27 ADT CitiGroup Raised ADT to Buy from Neutral, price target: $10, Average target price is $12.
Compare ADT with Brinks. Brinks up 70% while ADT is flat. . .
Trade setup:
Long: 8
Stop:7
First price target: 10
Remember too, that Google has retired is own home security system, and now owns 7% of ADT.
Additionally, ADT announced it has partnered with Lyft on Emergency Help, a new safety feature powered by ADT, which allows passenger and driver feel safe.
Last Earnings report wasn't so rosy, but the future is bright:
Reports Q3 -$0.08 v -$0.02 y/y, Rev 1.30B v 1.30B y/y
- Raises FY20 Rev $5.2-5.35B v 5.28Be, adj EBITDA $2.15-2.23B, FCF $650-725M (prior Rev $5.05-5.30B, adj EBITDA $2.1-2.2B, FCF $625-725M)
- Adj EBITDA 564M v 624M y/y; margin 53.9%
- Trailing twelve-month gross customer revenue attrition of 12.9%, +60bps y/y
CEO: “ADT delivered strong financial and operating results during the third quarter. We improved our revenue payback and customer retention to record levels, grew RMR additions and increased our subscribers. These improvements came while delivering solid financial results and ensuring we continue to prioritize the well-being of our employees and customers,” stated Jim DeVries, ADT’s President and CEO. “Importantly, we are making good progress on numerous strategic initiatives. Our partnership with Google is off to a very strong start and we have worked together to accelerate selected offerings to customers in 2021. We also continue to enjoy strong momentum in our core business. Our consumer financing program has been well received, we’re generating record sales in our DIY channel, the Defenders acquisition is helping to drive growth and efficiency, and we continue to strengthen our capabilities to best serve our commercial customers.”
On 10/27 ADT CitiGroup Raised ADT to Buy from Neutral, price target: $10, Average target price is $12.
Compare ADT with Brinks. Brinks up 70% while ADT is flat. . .
Trade setup:
Long: 8
Stop:7
First price target: 10
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