ADT Corporation CEO Naren Gursahaney Sells 9,000 Shares (ADT)
ADT Corporation (NYSE:ADT) CEO Naren Gursahaney sold 9,000 shares of ADT Corporation stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $43.00, for a total value of $387,000.00. Following the sale, the chief executive officer now directly owns 257,909 shares of the company’s stock, valued at approximately $11,090,087. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
ADT has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of ADT Corporation (NYSE:ADT) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $41.10 price target on the stock. Analysts at Imperial Capital reiterated an “outperform” rating on shares of ADT Corporation (NYSE:ADT) in a research note to investors on Thursday, August 1st. They now have a $53.00 price target on the stock.
Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $50.31.
Shares of ADT Corporation (NYSE:ADT) traded down 0.97% during mid-day trading on Wednesday, hitting $42.285. 1,652,785 shares of the company’s stock traded hands. ADT Corporation has a one year low of $35.38 and a one year high of $50.37. The stock’s 50-day moving average is $40.81 and its 200-day moving average is $42.54. The company has a market cap of $8.902 billion and a price-to-earnings ratio of 23.36.
ADT Corporation (NYSE:ADT) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.09. The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $830.22 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that ADT Corporation will post $1.84 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Wednesday, November 20th. Investors of record on Wednesday, October 30th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, October 28th.
The ADT Corporation (NYSE:ADT) is a provider of electronic security, interactive home and business automation and related monitoring services.
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