ADT Corp (ADT.N)
17 May 2013
|Market Cap (Mil.):||$9,473.43|
|Shares Outstanding (Mil.):||218.79|
- ADT Corp shares could rise more than 20 percent within one year as the provider of theft-and-fire protection services expands into building automation, which could help it boost profit per share by a percentage well into double digits, Barron's said in its February 25 edition.
* Profit of 44 cents per share exceeds Wall Street view by 1 cent
Jan 30 - Home security services company ADT Corp reported a higher quarterly profit on Wednesday and announced a $600 million accelerated share repurchase.
Jan 7 - Standard & Poor's Ratings Services today assigned its 'BBB-' issue-level rating to Boca Raton, Fl.-based ADT Corp.'s senior unsecured notes. ADT intends to use the proceeds primarily to repurchase common stock, which is consistent with its share repurchase plan announced in November 2012 (at which time we lowered our corporate credit rating on ADT to 'BBB-' from 'BBB'). The 'BBB-' corporate credit rating and stable outlook incorporate our expectation that ADT will repurchase up to $2.0
Jan 7 - Fitch Ratings has assigned a 'BBB' rating to the ADT Corporation's (NYSE: ADT) proposed offering of senior unsecured notes. The new issue will be equal in right of payment with all other senior unsecured debt. Proceeds from the notes issuance will be used primarily for share repurchases. In November 2012, the company's board approved a $2 billion share repurchase program over a three-year period that will be funded by debt and free cash flow (FCF). The Rating Outlook is Stable. A compl
Overview -- U.S. residential and small business alarm monitoring company ADT Corp. announced that its board of directors authorized a $2.0 billion share repurchase program over three years, expiring in November 2015. The company intends to finance the program with debt and free operating cash flow, which will result in an increase in leverage. -- We are lowering the corporate credit rating on ADT to 'BBB-' from 'BBB'. -- We are also lowering the short-term rating to 'A-3' fr
Nov 27 - Fitch Ratings has downgraded the ratings of The ADT Corporation (ADT), including the company's Issuer Default Rating (IDR) to 'BBB' from 'BBB+'. The Rating Outlook remains Stable. A complete list of the rating actions follows at the end of this release. The downgrade reflects ADT's recently announced $2 billion share repurchase program that will be funded by debt and free cash flow (FCF). The company's board of directors announced today the authorization of a $2 billion share repurcha
* More customers adopt high-margin "Pulse" monitoring services
Nov 27 - ADT Corp : * CEO says accelerated price increases in Q2, Q3 that had been held back during
Nov 27 - Home security services company ADT Corp reported a slightly higher quarterly profit on Tuesday and said its board had approved buying back up to $2 billion in stock over three years.