Resideo Technologies Inc (NYSE:REZI) – Imperial Capital issued their Q1 2021 earnings per share estimates for Resideo Technologies in a report issued on Wednesday, June 12th. Imperial Capital analyst J. Kessler expects that the company will post earnings of $0.24 per share for the quarter. Imperial Capital currently has a “Outperform” rating and a $26.00 target price on the stock.
Several other brokerages have also recently issued reports on REZI. Zacks Investment Research cut shares of Resideo Technologies from a “buy” rating to a “sell” rating in a research report on Wednesday, March 13th. Bank of America reiterated a “buy” rating and issued a $24.00 price objective (down from $28.00) on shares of Resideo Technologies in a research report on Friday, March 8th. Finally, Oppenheimer set a $30.00 target price on Resideo Technologies and gave the company a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.50.
NYSE:REZI opened at $20.95 on Friday. Resideo Technologies has a fifty-two week low of $17.60 and a fifty-two week high of $28.67. The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 8.48. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 0.74.
Resideo Technologies (NYSE:REZI) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.04. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.19 billion.
In other news, insider Michael G. Nefkens acquired 4,964 shares of Resideo Technologies stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of $20.26 per share, for a total transaction of $100,570.64. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Stephen Montgomery Kelly acquired 2,530 shares of Resideo Technologies stock in a transaction on Thursday, June 6th. The stock was purchased at an average price of $19.67 per share, with a total value of $49,765.10. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 19,614 shares of company stock worth $397,533. 0.09% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arizona State Retirement System bought a new position in Resideo Technologies during the fourth quarter worth about $1,814,000. Oppenheimer Asset Management Inc. acquired a new position in Resideo Technologies during the fourth quarter worth approximately $158,000. KBC Group NV acquired a new position in Resideo Technologies during the fourth quarter worth approximately $526,000. Advisors Asset Management Inc. acquired a new position in shares of Resideo Technologies in the fourth quarter valued at approximately $361,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Resideo Technologies during the fourth quarter worth approximately $421,000. 74.67% of the stock is owned by institutional investors.
About Resideo Technologies
Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.
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