Resideo Technologies (NYSE:REZI - Get Free Report) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.430-0.530 for the period, compared to the consensus earnings per share estimate of 0.420. The company issued revenue guidance of $1.5 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. Resideo Technologies also updated its FY 2024 guidance to 1.900-2.300 EPS.
Analyst Upgrades and Downgrades
Separately, TheStreet raised shares of Resideo Technologies from a c+ rating to a b- rating in a report on Wednesday, February 28th.
Read Our Latest Analysis on REZI
Resideo Technologies Stock Performance
Shares of REZI stock traded up $0.76 during trading hours on Friday, reaching $20.49. The stock had a trading volume of 1,152,301 shares, compared to its average volume of 935,145. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.80 and a quick ratio of 1.18. Resideo Technologies has a twelve month low of $14.19 and a twelve month high of $23.21. The firm has a 50-day simple moving average of $21.54 and a 200-day simple moving average of $18.68. The firm has a market capitalization of $2.99 billion, a PE ratio of 14.43 and a beta of 2.13.
Resideo Technologies (NYSE:REZI - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.14. Resideo Technologies had a net margin of 3.36% and a return on equity of 8.99%. The business had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the company earned $0.39 EPS. The company's revenue for the quarter was down 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Resideo Technologies will post 1.65 earnings per share for the current year.
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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