Resideo Technologies (NYSE:REZI - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.14, Briefing.com reports. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.33%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The firm's revenue was down 4.1% compared to the same quarter last year. Resideo Technologies updated its Q2 guidance to $0.43-$0.53 EPS and its FY24 guidance to $1.90-$2.30 EPS.
Resideo Technologies Stock Performance
REZI traded up $0.76 during midday trading on Friday, reaching $20.49. The company's stock had a trading volume of 1,152,301 shares, compared to its average volume of 783,672. The company has a current ratio of 1.80, a quick ratio of 1.18 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $21.51 and a 200 day simple moving average of $18.74. The stock has a market cap of $2.99 billion, a P/E ratio of 15.41 and a beta of 2.13. Resideo Technologies has a twelve month low of $14.19 and a twelve month high of $23.21.
Analyst Upgrades and Downgrades
Separately, TheStreet raised Resideo Technologies from a "c+" rating to a "b-" rating in a research note on Wednesday, February 28th.
Check Out Our Latest Stock Report on REZI
About Resideo Technologies
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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.
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