Resideo Technologies (NYSE:REZI) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Resideo Technologies (NYSE:REZI) announced its quarterly earnings results on Thursday. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.14, Briefing.com reports. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.33%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 earnings per share. Resideo Technologies updated its Q2 guidance to $0.43-$0.53 EPS and its FY24 guidance to $1.90-$2.30 EPS.

Resideo Technologies Price Performance

Shares of NYSE REZI traded up $0.76 during midday trading on Friday, hitting $20.49. The stock had a trading volume of 1,152,301 shares, compared to its average volume of 783,672. The company has a quick ratio of 1.18, a current ratio of 1.80 and a debt-to-equity ratio of 0.51. Resideo Technologies has a 1 year low of $14.19 and a 1 year high of $23.21. The company has a market capitalization of $2.99 billion, a PE ratio of 15.41 and a beta of 2.13. The stock has a 50 day simple moving average of $21.51 and a 200-day simple moving average of $18.72.

Analyst Upgrades and Downgrades

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

Resideo Technologies Company Profile

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.