A look into Frontdoor Inc. (FTDR)’s deeper side

Frontdoor Inc. (NASDAQ: FTDR) stock jumped 2.05% on Tuesday to $31.35 against a previous-day closing price of $30.72. With 1.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.01 million shares. During the session, the Personal Services company that operates in wider Consumer Cyclical sector, reached to the highest price of $31.47 whereas the lowest price it dropped to was $30.25. The 52-week range on FTDR shows that it touched its highest point at $33.88 and its lowest point at $19.06 during that stretch. It currently has a 1-year price target of $29.33. Beta for the stock currently stands at 0.74.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FTDR was down-trending over the past week, with a drop of -0.60%, but this was up by 15.17% over a month. Three-month performance surged to 10.15% while six-month performance rose 34.84%. The stock gained 18.57% in the past year, while it has gained 50.72% so far this year. A look at the trailing 12-month EPS for FTDR yields 1.11 with Next year EPS estimates of 1.68. For the next quarter, that number is 0.55. This implies an EPS growth rate of -42.20% for this year and 26.68% for next year. EPS is expected to grow by 13.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.30%.

Float and Shares Shorts:

At present, 81.50 million FTDR shares are outstanding with a float of 81.20 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.97 million, which was 4.86% higher than short shares on Mar 30, 2023. In addition to Mr. William C. Cobb as the firm’s Chairman & CEO, Ms. Jessica P. Ross serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 113.04% of FTDR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 72.23% of FTDR, in contrast to 31.11% held by mutual funds. Shares owned by individuals account for 20.96%. As the largest shareholder in FTDR with 14.88% of the stake, BlackRock Fund Advisors holds 12,130,680 shares worth 12,130,680. A second-largest stockholder of FTDR, The Vanguard Group, Inc., holds 8,726,772 shares, controlling over 10.71% of the firm’s shares. Mackenzie Financial Corp. is the third largest shareholder in FTDR, holding 5,523,379 shares or 6.78% stake. With a 7.25% stake in FTDR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 5,905,060 shares are owned by the mutual fund manager. The Janus Henderson Enterprise Fund, which owns about 4.22% of FTDR stock, is the second-largest Mutual Fund holder. It holds 3,437,401 shares valued at 94.05 million. John Hancock III – Disciplined Va holds 4.21% of the stake in FTDR, owning 3,430,978 shares worth 93.87 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, FTDR reported revenue of $487.00M and operating income of $63.00M. The EBITDA in the recently reported quarter was $71.00M and diluted EPS was $0.40.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FTDR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FTDR analysts setting a high price target of $38.00 and a low target of $23.00, the average target price over the next 12 months is $32.00. Based on these targets, FTDR could surge 21.21% to reach the target high and fall by -26.63% to reach the target low. Reaching the average price target will result in a growth of 2.07% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded FTDR stock several times over the past three months with 6 Buys and 6 Sells. In these transactions, 15,050 shares were bought while 6,611 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 24,050 while 6,611 shares were sold.

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