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

Resideo Technologies (NYSE:REZI) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 1.900-2.300 for the period, compared to the consensus estimate of 1.650. The company issued revenue guidance of $6.1 billion-$6.3 billion, compared to the consensus revenue estimate of $6.2 billion. Resideo Technologies also updated its Q2 2024 guidance to 0.430-0.530 EPS.

Analysts Set New Price Targets

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

Resideo Technologies Stock Performance

Shares of REZI traded up $0.25 during mid-day trading on Monday, hitting $20.74. 292,732 shares of the company’s stock were exchanged, compared to its average volume of 927,503. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $3.03 billion, a P/E ratio of 15.41 and a beta of 2.13. Resideo Technologies has a fifty-two week low of $14.19 and a fifty-two week high of $23.21. The business’s 50 day moving average is $21.51 and its two-hundred day moving average is $18.77.

Resideo Technologies (NYSE:REZI) last issued its earnings results 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. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company posted $0.39 earnings per share. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. On average, equities analysts expect that Resideo Technologies will post 2.1 earnings per share for the current year.

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.