Resideo Technologies (NYSE:REZI) Releases Earnings Results

Resideo Technologies (NYSE:REZI) announced its quarterly earnings data on Tuesday. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.18, FiscalAI reports. The firm had revenue of $727.00 million during the quarter, compared to analysts’ expectations of $712.64 million. Resideo Technologies had a net margin of 5.37% and a return on equity of 17.79%.

Resideo Technologies Price Performance

Shares of REZI stock traded down $0.67 on Tuesday, reaching $19.38. The company’s stock had a trading volume of 1,597,941 shares, compared to its average volume of 1,649,319. The stock’s fifty day simple moving average is $18.41 and its 200-day simple moving average is $29.43. Resideo Technologies has a 1 year low of $15.90 and a 1 year high of $42.95. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 8.58 and a beta of 1.58. The company has a current ratio of 2.22, a quick ratio of 1.41 and a debt-to-equity ratio of 1.41.

Insider Buying and Selling at Resideo Technologies

In other Resideo Technologies news, SVP Joshua Foster acquired 15,317 shares of the company’s stock in a transaction on Friday, August 14th. The stock was acquired at an average cost of $20.58 per share, with a total value of $315,223.86. Following the purchase, the senior vice president directly owned 183,509 shares of the company’s stock, valued at approximately $3,776,615.22. This represents a 9.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Thomas Surran bought 15,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $20.46 per share, for a total transaction of $306,900.00. Following the completion of the transaction, the chief executive officer directly owned 338,573 shares in the company, valued at approximately $6,927,203.58. This represents a 4.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 41,245 shares of company stock worth $848,115 over the last 90 days. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on REZI. Zacks Research raised shares of Resideo Technologies from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 13th. Weiss Ratings raised Resideo Technologies from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 14th. Evercore initiated coverage on Resideo Technologies in a research report on Monday, September 28th. They set an “outperform” rating and a $30.00 target price for the company. JPMorgan Chase & Co. started coverage on Resideo Technologies in a research note on Friday, August 7th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, Morgan Stanley decreased their target price on Resideo Technologies from $50.00 to $45.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Resideo Technologies has a consensus rating of “Moderate Buy” and an average price target of $31.75.

Resideo Technologies Company Profile

Resideo Technologies is a provider of products and services for home comfort, safety, security and energy management. Its offerings include thermostats and other heating and cooling controls, indoor air quality products, water leak detection devices, fire and carbon monoxide alarms, and security systems. Products are sold under brands that include Honeywell Home and First Alert. The company also operates ADI Global Distribution, a distributor of security, audio-visual, communications and smart-home products.