Wall Street analysts forecast that Resideo Technologies Inc (NYSE:REZI) will post earnings per share of $0.34 for the current quarter, Zacks reports. Two analysts have made estimates for Resideo Technologies’ earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.21. Resideo Technologies posted earnings of $0.31 per share during the same quarter last year, which suggests a positive year over year growth rate of 9.7%. The firm is scheduled to report its next earnings report on Thursday, March 5th.
According to Zacks, analysts expect that Resideo Technologies will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $0.79 to $1.29. For the next fiscal year, analysts forecast that the firm will post earnings of $1.35 per share, with EPS estimates ranging from $0.83 to $1.95. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Resideo Technologies.
Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.04). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Resideo Technologies had a return on equity of 9.67% and a net margin of 7.39%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.53 EPS.
REZI has been the topic of several recent analyst reports. Oppenheimer downgraded shares of Resideo Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 23rd. ValuEngine raised shares of Resideo Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th. Bank of America downgraded shares of Resideo Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Imperial Capital reduced their price target on shares of Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Zacks Investment Research downgraded shares of Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Resideo Technologies presently has a consensus rating of “Hold” and an average price target of $20.00.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama increased its position in Resideo Technologies by 4.5% during the 2nd quarter. Retirement Systems of Alabama now owns 376,249 shares of the company’s stock valued at $8,247,000 after purchasing an additional 16,192 shares during the period. Coastal Investment Advisors Inc. grew its position in shares of Resideo Technologies by 209.8% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 3,398 shares of the company’s stock worth $69,000 after buying an additional 2,301 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Resideo Technologies by 35.2% in the 2nd quarter. Wells Fargo & Company MN now owns 306,840 shares of the company’s stock worth $6,726,000 after buying an additional 79,810 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Resideo Technologies by 3.1% in the 2nd quarter. Gabelli Funds LLC now owns 426,888 shares of the company’s stock worth $9,357,000 after buying an additional 13,000 shares during the last quarter. Finally, Investec Asset Management LTD grew its position in shares of Resideo Technologies by 37.6% in the 2nd quarter. Investec Asset Management LTD now owns 4,328,366 shares of the company’s stock worth $94,878,000 after buying an additional 1,182,110 shares during the last quarter. 78.48% of the stock is currently owned by institutional investors and hedge funds.
REZI stock traded down $0.18 during trading on Friday, hitting $9.60. The company had a trading volume of 4,708,824 shares, compared to its average volume of 1,288,697. The firm has a market capitalization of $1.29 billion and a P/E ratio of 3.89. Resideo Technologies has a 52-week low of $8.60 and a 52-week high of $26.40. The company has a 50 day simple moving average of $12.64 and a 200-day simple moving average of $17.51. The company has a quick ratio of 0.72, a current ratio of 1.18 and a debt-to-equity ratio of 0.73.
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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