Resideo Technologies (NYSE:REZI) Releases Earnings Results

Resideo Technologies (NYSE:REZI) posted its earnings results on Thursday. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $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 %

Shares of Resideo Technologies stock traded up $0.76 on Friday, hitting $20.49. 1,152,301 shares of the company’s stock traded hands, compared to its average volume of 783,672. The company has a quick ratio of 1.18, a current ratio of 1.80 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average is $21.51 and its 200 day moving average is $18.74. The stock 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 52-week low of $14.19 and a 52-week high of $23.21.

Analyst Ratings Changes

Separately, TheStreet raised shares of 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.