Resideo Technologies (NYSE:REZI) Updates FY24 Earnings Guidance

Resideo Technologies (NYSE:REZI) issued an update on its FY24 earnings guidance on Thursday morning. 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.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded Resideo Technologies from a c+ rating to a b- rating in a report on Wednesday, February 28th.

Resideo Technologies Stock Performance

Shares of NYSE REZI traded up $0.44 during trading hours on Thursday, hitting $19.73. 999,288 shares of the stock were exchanged, compared to its average volume of 932,365. The firm has a market capitalization of $2.88 billion, a P/E ratio of 13.61 and a beta of 2.13. Resideo Technologies has a one year low of $14.19 and a one year high of $23.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.18. The company’s 50 day moving average is $21.57 and its 200 day moving average is $18.68.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Resideo Technologies had a net margin of 3.36% and a return on equity of 8.99%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. On average, research analysts expect that Resideo Technologies will post 1.65 EPS for the current year.

About Resideo Technologies

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.