Equities analysts expect Resideo Technologies Inc (NYSE:REZI) to announce sales of $1.22 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Resideo Technologies’ earnings. The highest sales estimate is $1.23 billion and the lowest is $1.22 billion. The company is scheduled to issue its next earnings results on Wednesday, August 14th.
On average, analysts expect that Resideo Technologies will report full-year sales of $5.00 billion for the current financial year, with estimates ranging from $5.00 billion to $5.01 billion. For the next fiscal year, analysts expect that the business will post sales of $5.21 billion, with estimates ranging from $5.18 billion to $5.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Resideo Technologies.
Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.19 billion.
A number of research firms recently issued reports on REZI. Zacks Investment Research raised Resideo Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Imperial Capital reissued an “outperform” rating and set a $26.00 target price (up from $24.00) on shares of Resideo Technologies in a research note on Friday, May 10th. Oppenheimer set a $30.00 target price on Resideo Technologies and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Bank of America reaffirmed a “buy” rating and set a $24.00 price target (down from $28.00) on shares of Resideo Technologies in a research note on Friday, March 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.50.
Shares of Resideo Technologies stock traded down $0.04 during midday trading on Friday, reaching $22.46. The company had a trading volume of 3,077 shares, compared to its average volume of 950,305. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.19 and a quick ratio of 0.74. The firm has a market cap of $2.73 billion and a P/E ratio of 9.08. Resideo Technologies has a fifty-two week low of $17.60 and a fifty-two week high of $28.67.
In other Resideo Technologies news, Director Roger Fradin purchased 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $20.41 per share, with a total value of $510,250.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have bought a total of 26,432 shares of company stock valued at $541,065 over the last ninety days. Company insiders own 0.09% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Financial Advocates Investment Management purchased a new position in shares of Resideo Technologies during the 4th quarter valued at about $698,000. Blume Capital Management Inc. acquired a new stake in Resideo Technologies during the 4th quarter worth approximately $25,000. Pflug Koory LLC acquired a new stake in Resideo Technologies during the 4th quarter worth approximately $26,000. Fort L.P. acquired a new stake in Resideo Technologies during the 4th quarter worth approximately $27,000. Finally, Bedel Financial Consulting Inc. acquired a new stake in Resideo Technologies during the 4th quarter worth approximately $27,000. 72.01% of the stock is owned by institutional investors.
About Resideo Technologies
Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.
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