Analysts expect Resideo Technologies Inc (NYSE:REZI) to post $0.12 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Resideo Technologies’ earnings. The highest EPS estimate is $0.24 and the lowest is ($0.01). Resideo Technologies posted earnings per share of $0.19 during the same quarter last year, which would indicate a negative year-over-year growth rate of 36.8%. The company is scheduled to announce its next earnings results on Wednesday, November 4th.
According to Zacks, analysts expect that Resideo Technologies will report full-year earnings of $0.19 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.23. For the next financial year, analysts forecast that the firm will report earnings of $0.74 per share, with EPS estimates ranging from $0.40 to $1.07. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Resideo Technologies.
Resideo Technologies (NYSE:REZI) last released its earnings results on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.13. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.02 billion. Resideo Technologies had a positive return on equity of 7.82% and a negative net margin of 2.07%. Resideo Technologies’s quarterly revenue was down 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) EPS.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Resideo Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 11th. Oppenheimer reaffirmed a “hold” rating on shares of Resideo Technologies in a research note on Tuesday, August 4th. Imperial Capital raised Resideo Technologies from an “in-line” rating to an “outperform” rating in a research note on Wednesday, August 12th. Finally, ValuEngine raised Resideo Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.81.
In other news, Director Paul F. Deninger purchased 5,125 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were purchased at an average cost of $9.63 per share, with a total value of $49,353.75. Company insiders own 0.09% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc boosted its stake in shares of Resideo Technologies by 5.0% during the first quarter. Legal & General Group Plc now owns 218,735 shares of the company’s stock valued at $1,058,000 after purchasing an additional 10,374 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new stake in shares of Resideo Technologies during the first quarter valued at about $82,000. Geode Capital Management LLC raised its position in shares of Resideo Technologies by 2.2% during the first quarter. Geode Capital Management LLC now owns 1,405,609 shares of the company’s stock worth $6,803,000 after acquiring an additional 30,202 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Resideo Technologies by 38.8% during the first quarter. Gamco Investors INC. ET AL now owns 2,421,938 shares of the company’s stock worth $11,722,000 after acquiring an additional 676,462 shares during the last quarter. Finally, State Street Corp raised its position in shares of Resideo Technologies by 4.7% during the first quarter. State Street Corp now owns 3,228,786 shares of the company’s stock worth $15,627,000 after acquiring an additional 145,581 shares during the last quarter. 96.04% of the stock is currently owned by hedge funds and other institutional investors.
Shares of REZI traded down $0.02 during trading hours on Tuesday, hitting $13.20. 504,400 shares of the company were exchanged, compared to its average volume of 609,999. The firm’s fifty day moving average is $13.44 and its 200 day moving average is $9.11. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -16.50, a P/E/G ratio of 72.93 and a beta of 1.85. The company has a quick ratio of 0.74, a current ratio of 1.11 and a debt-to-equity ratio of 0.76. Resideo Technologies has a fifty-two week low of $3.72 and a fifty-two week high of $16.00.
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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