Resideo Technologies (NYSE:REZI) Issues Earnings Results

Resideo Technologies (NYSE:REZI) released its quarterly earnings results on Thursday. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.33 by $0.14, Briefing.com reports. The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Resideo Technologies had a return on equity of 9.33% and a net margin of 3.17%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the business posted $0.39 earnings per share. Resideo Technologies updated its Q2 guidance to $0.43-$0.53 EPS and its FY24 guidance to $1.90-$2.30 EPS.

Resideo Technologies Stock Up 3.9 %

REZI traded up $0.76 during trading hours on Friday, hitting $20.49. 1,152,301 shares of the company’s stock were exchanged, compared to its average volume of 783,672. The firm has a market cap of $2.99 billion, a P/E ratio of 15.41 and a beta of 2.13. Resideo Technologies has a 12-month low of $14.19 and a 12-month high of $23.21. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average of $21.51 and a 200 day moving average of $18.72.

Analysts Set New Price Targets

Separately, TheStreet upgraded Resideo Technologies from a “c+” rating to a “b-” rating in a report on Wednesday, February 28th.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.