Resideo Technologies (NYSE:REZI) Updates FY 2024 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.900-2.300 for the period, compared to the consensus earnings per share estimate of 1.650. The company issued revenue guidance of $6.1 billion-$6.3 billion, compared to the consensus revenue estimate of $6.2 billion. Resideo Technologies also updated its Q2 2024 guidance to 0.430-0.530 EPS.

Analyst Ratings Changes

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

Resideo Technologies Trading Up 1.8 %

Shares of REZI traded up $0.37 during trading hours on Monday, hitting $20.86. The stock had a trading volume of 224,907 shares, compared to its average volume of 926,746. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93. The firm has a market cap of $3.05 billion, a P/E ratio of 15.41 and a beta of 2.13. The company’s fifty day simple moving average is $21.51 and its 200 day simple moving average is $18.77. Resideo Technologies has a 12-month low of $14.19 and a 12-month high of $23.21.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.14. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.26%. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm posted $0.39 EPS. The business’s revenue was down 4.1% compared to the same quarter last year. Equities research analysts forecast that Resideo Technologies will post 2.1 EPS for the current fiscal 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.