Resideo Technologies (NYSE:REZI) Releases FY24 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $1.90-$2.30 for the period, compared to the consensus EPS estimate of $1.66. The company issued revenue guidance of $6.08-$6.28 billion, compared to the consensus revenue estimate of $6.16 billion. Resideo Technologies also updated its Q2 guidance to $0.43-$0.53 EPS.

Resideo Technologies Trading Up 3.9 %

REZI traded up $0.76 during 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. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.18 and a current ratio of 1.80. Resideo Technologies has a 12-month low of $14.19 and a 12-month high of $23.21. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 15.41 and a beta of 2.13. The firm’s 50-day simple moving average is $21.51 and its 200 day simple moving average is $18.77.

Resideo Technologies (NYSE:REZI) last released its quarterly 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 9.33%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Equities research analysts anticipate that Resideo Technologies will post 2.1 earnings per share for the current year.

Analysts Set New Price Targets

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