Resideo Technologies (NYSE:REZI) Issues Q2 2024 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its second quarter 2024 earnings guidance on Friday. The company provided EPS guidance of 0.430-0.530 for the period, compared to the consensus EPS estimate of 0.420. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. Resideo Technologies also updated its FY 2024 guidance to 1.900-2.300 EPS.

Resideo Technologies Stock Up 1.1 %

Resideo Technologies stock traded up $0.23 during mid-day trading on Monday, reaching $20.72. The stock had a trading volume of 313,434 shares, compared to its average volume of 927,875. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93. Resideo Technologies has a fifty-two week low of $14.19 and a fifty-two week high of $23.21. The stock’s 50-day simple moving average is $21.51 and its 200-day simple moving average is $18.77. The firm has a market capitalization of $3.03 billion, a PE ratio of 15.41 and a beta of 2.13.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.14. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. Resideo Technologies had a return on equity of 9.26% and a net margin of 3.17%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.39 EPS. On average, sell-side analysts forecast that Resideo Technologies will post 2.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, TheStreet upgraded Resideo Technologies from a c+ rating to a b- rating in a research note 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.