Analysts Anticipate Resideo Technologies Inc (NYSE:REZI) Will Announce Earnings of $0.30 Per Share

Wall Street analysts predict that Resideo Technologies Inc (NYSE:REZI) will post earnings per share (EPS) of $0.30 for the current quarter, according to Zacks. Two analysts have issued estimates for Resideo Technologies’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.39. Resideo Technologies reported earnings of $0.31 per share in the same quarter last year, which would indicate a negative year over year growth rate of 3.2%. The company is scheduled to announce its next earnings results on Thursday, March 5th.

On average, analysts expect that Resideo Technologies will report full-year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.87 to $1.10. For the next fiscal year, analysts expect that the company will report earnings of $1.27 per share, with EPS estimates ranging from $0.81 to $1.75. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Resideo Technologies.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. Resideo Technologies had a net margin of 1.23% and a return on equity of 7.63%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 EPS.

Several brokerages have weighed in on REZI. Imperial Capital cut their price target on Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Oppenheimer cut Resideo Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 23rd. ValuEngine raised Resideo Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Bank of America lowered Resideo Technologies from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Zacks Investment Research downgraded Resideo Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.00.

In other news, CFO Robert P. Ryder purchased 22,900 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of $8.81 per share, for a total transaction of $201,749.00. Following the completion of the purchase, the chief financial officer now directly owns 22,900 shares of the company’s stock, valued at approximately $201,749. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph Douglas Ragan III sold 11,109 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $9.87, for a total value of $109,645.83. The disclosure for this sale can be found here. Insiders have purchased 33,751 shares of company stock valued at $312,256 in the last ninety days. 0.09% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Investec Asset Management LTD lifted its position in Resideo Technologies by 37.6% during the 2nd quarter. Investec Asset Management LTD now owns 4,328,366 shares of the company’s stock worth $94,878,000 after acquiring an additional 1,182,110 shares in the last quarter. Canyon Capital Advisors LLC bought a new stake in Resideo Technologies in the second quarter valued at about $24,285,000. Nuveen Asset Management LLC bought a new stake in Resideo Technologies in the second quarter valued at about $15,656,000. BlackRock Inc. raised its stake in Resideo Technologies by 6.3% during the second quarter. BlackRock Inc. now owns 10,790,775 shares of the company’s stock valued at $236,534,000 after buying an additional 639,881 shares in the last quarter. Finally, Selz Capital LLC acquired a new stake in Resideo Technologies during the third quarter valued at approximately $6,130,000. 85.41% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE REZI opened at $10.07 on Friday. The firm has a market cap of $1.24 billion, a P/E ratio of 4.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.72 and a current ratio of 1.19. Resideo Technologies has a 1 year low of $8.60 and a 1 year high of $26.40. The firm’s 50 day moving average price is $10.64 and its 200 day moving average price is $15.98.

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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Earnings History and Estimates for Resideo Technologies (NYSE:REZI)

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