Resideo Technologies (NYSE:REZI) Releases FY 2024 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.180-2.280 for the period, compared to the consensus estimate of 2.270. The company issued revenue guidance of $6.7 billion-$6.8 billion, compared to the consensus revenue estimate of $6.7 billion. Resideo Technologies also updated its Q4 guidance to $0.51-0.61 EPS.

Analyst Upgrades and Downgrades

Separately, Evercore ISI assumed coverage on shares of Resideo Technologies in a report on Friday, August 9th. They set an “outperform” rating and a $25.00 price objective for the company.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock traded up $2.26 during trading hours on Friday, reaching $24.01. The company’s stock had a trading volume of 2,082,378 shares, compared to its average volume of 626,210. The company’s 50 day simple moving average is $19.95 and its 200 day simple moving average is $20.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.81. Resideo Technologies has a one year low of $15.44 and a one year high of $24.09. The stock has a market cap of $3.52 billion, a P/E ratio of 21.63 and a beta of 2.09.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. Resideo Technologies had a net margin of 2.72% and a return on equity of 11.07%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts expect that Resideo Technologies will post 1.92 EPS for the current fiscal year.

About Resideo Technologies

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.