Resideo Technologies (NYSE:REZI) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Resideo Technologies (NYSE:REZI) posted its quarterly earnings data on Thursday. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.33 by $0.14, Briefing.com reports. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.48 billion. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.33%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted $0.39 EPS. 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 Performance

Shares of NYSE:REZI traded up $0.76 during mid-day trading on Friday, reaching $20.49. The company had a trading volume of 1,152,301 shares, compared to its average volume of 783,672. Resideo Technologies has a one year low of $14.19 and a one year 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 company’s 50-day moving average price is $21.51 and its 200-day moving average price is $18.72. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 15.41 and a beta of 2.13.

Wall Street Analyst Weigh In

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

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.