NYSE:REZI

Resideo Technologies (REZI) Stock Forecast, Price & News

$15.98

-0.08 (-0.50%)

(As of 09/22/2023 ET)

Compare

Today's Range: $15.94
▼
$16.14
50-Day Range: $15.25
▼
$18.73
52-Week Range: $14.95
▼
$23.94

Volume: 394,018 shs
Average Volume: 570,684 shs
Market Capitalization: $2.36 billion

P/E Ratio: 11.41
Dividend Yield: N/A
Price Target: $21.50

Resideo Technologies MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 34.5% Upside
$21.50 Price Target
Short Interest: Healthy
0.98% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -2.57
Upright™ Environmental Score
News Sentiment: 1.19
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 34.59%
From $1.33 to $1.79 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.69 out of 5 stars

Industrial Products Sector

41st out of 177 stocks

Hardware Industry

1st out of 1 stocks

3.0

Analyst's Opinion

Consensus Rating
Resideo Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.50, Resideo Technologies has a forecasted upside of 34.5% from its current price of $15.98.
Amount of Analyst Coverage
Resideo Technologies has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.98% of the outstanding shares of Resideo Technologies have been sold short.
Short Interest Ratio / Days to Cover
Resideo Technologies has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Resideo Technologies has recently increased by 1.40%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Resideo Technologies does not currently pay a dividend.
Dividend Growth
Resideo Technologies does not have a long track record of dividend growth.

1.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Resideo Technologies has received a -15.39% net impact score from Upright. The largest negative impact of Resideo Technologies in category "GHG emissions" seems to be driven mostly by its "Carbon fiber composites", "Fiberglass composites", "Hybrid composites", and "Fossil fuel handling services" products. See details.
Environmental Sustainability
The Environmental Impact score for Resideo Technologies is -2.57.

4.0

News and Social Media Coverage

News Sentiment
Resideo Technologies has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.73 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Resideo Technologies this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for REZI on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
2 people have added Resideo Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Resideo Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.30% of the stock of Resideo Technologies is held by insiders.
Percentage Held by Institutions
90.59% of the stock of Resideo Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Resideo Technologies are expected to grow by 34.59% in the coming year, from $1.33 to $1.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Resideo Technologies is 11.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Resideo Technologies is 11.41, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 17.56.
Price to Book Value per Share Ratio
Resideo Technologies has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Resideo Technologies (NYSE:REZI) Stock

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. The Products and Solutions segment provides temperature and humidity control, thermal and combustion solutions, water and indoor air quality solutions, energy products and solutions, water and air solutions, smoke and carbon monoxide detection home safety and fire suppression, security panels, sensors, peripherals, wire and cable, communications devices, video cameras, other home-related lifestyle convenience solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand as well as Resideo, Braukmann, First Alert, and BRK brands. The ADI Global Distribution segment engages in the distribution of security, fire, access control, and video products; and participates in the broader related markets of smart home, power, audio, ProAV, networking, communications, data communications, wire and cable, enterprise connectivity, and structured wiring products. The company sells its products and services through a network of professional contractors, distributors, and original equipment manufacturers, as well as retail and online merchants. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.

REZI Price History

30 days | 90 days | 365 days | Advanced Chart

REZI Stock News Headlines

September 19, 2023 | markets.businessinsider.com

Resideo Technologies Announces Sale Of Genesis - Quick Facts

September 19, 2023 | finance.yahoo.com

Southwire and Resideo Announce Agreement Related to the Sale of Resideo's Genesis Wire & Cable Business

September 24, 2023 | Chaikin Analytics (Ad)

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September 19, 2023 | finance.yahoo.com

Resideo and Southwire Announce Agreement Related to the Sale of Resideo's Genesis Cable Business

September 11, 2023 | seekingalpha.com

Resideo Technologies: Another Disappointment

September 8, 2023 | msn.com

Resideo Technologies: Limited Growth, But Cost Control Measures Are In Place

September 3, 2023 | finance.yahoo.com

Resideo Technologies, Inc.'s (NYSE:REZI) Stock Is Going Strong: Have Financials A Role To Play?

August 30, 2023 | finance.yahoo.com

Resideo Technologies Releases 2022 Environmental, Social and Governance (ESG) Report

September 24, 2023 | Behind the Markets (Ad)

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August 15, 2023 | finance.yahoo.com

Resideo to Participate at Upcoming Investor Conference

August 10, 2023 | seekingalpha.com

Resideo Technologies, Inc. 2023 Q2 - Results - Earnings Call Presentation

August 5, 2023 | finanznachrichten.de

Resideo Technologies, Inc.: Resideo Announces Second Quarter 2023 Financial Results

August 4, 2023 | insidermonkey.com

Resideo Technologies, Inc. (NYSE:REZI) Q2 2023 Earnings Call Transcript

August 3, 2023 | finance.yahoo.com

Resideo Announces Share Repurchase Program

August 3, 2023 | finance.yahoo.com

Resideo Technologies (REZI) Q2 Earnings and Revenues Lag Estimates

July 13, 2023 | finance.yahoo.com

Resideo to Release Second Quarter 2023 Financial Results on August 3, 2023

July 4, 2023 | finance.yahoo.com

Are Investors Undervaluing Resideo Technologies, Inc. (NYSE:REZI) By 23%?

June 14, 2023 | finance.yahoo.com

First Alert Study Raises Awareness of Fire Safety and Code Compliance Among Renters

June 13, 2023 | seekingalpha.com

Resideo Technologies: A Focus On Margin Will Mitigate Volume Concerns

June 12, 2023 | finance.yahoo.com

MSA Safety (MSA) Soars 4.2%: Is Further Upside Left in the Stock?

May 21, 2023 | finance.yahoo.com

The 6.0% return this week takes Resideo Technologies' (NYSE:REZI) shareholders three-year gains to 189%

May 19, 2023 | finance.yahoo.com

REZI May 2023 20.000 call

May 5, 2023 | msn.com

Morgan Stanley Maintains Resideo Technologies (REZI) Equal-Weight Recommendation

May 4, 2023 | markets.businessinsider.com

Morgan Stanley Sticks to Its Hold Rating for Resideo Technologies (REZI)

May 4, 2023 | finance.yahoo.com

Q1 2023 Resideo Technologies Inc Earnings Call

May 4, 2023 | finanznachrichten.de

Resideo Technologies, Inc.: Resideo Announces First Quarter 2023 Financial Results

May 4, 2023 | marketwatch.com

8-K: RESIDEO TECHNOLOGIES, INC.

See More Headlines

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REZI Company Calendar

Last Earnings: 8/03/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/07/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Hardware
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NYSE:REZI
CUSIP: N/A
CIK: 1740332
Web: www.resideo.com
Phone: (408) 573-5340
Fax: N/A
Employees: 15,200
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $21.50
High Stock Price Forecast: $27.00
Low Stock Price Forecast: $16.00
Forecasted Upside/Downside: +34.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.40
Trailing P/E Ratio: 11.41
Forward P/E Ratio: 12.02
P/E Growth: N/A
Net Income: $283 million
Net Margins: 3.30%
Pretax Margin: 5.39%
Return on Equity: 8.27%
Return on Assets: 3.30%

Debt

Debt-to-Equity Ratio: 0.52
Current Ratio: 1.72
Quick Ratio: 1.06

Sales & Book Value

Annual Sales: $6.37 billion
Price / Sales: 0.37
Cash Flow: $2.59 per share
Price / Cash Flow: 6.18
Book Value: $17.34 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 147,650,000
Free Float: 144,257,000
Market Cap: $2.36 billion
Optionable: Optionable
Beta: 1.95

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Key Executives

Mr. Jay L. Geldmacher (Age 67)
CEO, Pres & Director
Comp: $2.19M

Mr. Anthony L. Trunzo (Age 60)
Exec. VP & CFO
Comp: $1.15M

Ms. Jeannine J. Lane (Age 61)
Exec. VP, Gen. Counsel & Corp. Sec.
Comp: $871.25k

Mr. Robert B. Aarnes (Age 52)
Pres of ADI Global Distribution
Comp: $1.19M

Mr. Phillip L. Theodore (Age 54)
Pres of Products & Solutions
Comp: $1M

Ms. Tina M. Beskid (Age 48)
VP & Chief Accounting Officer

Michael Mercieca
VP of Investor Relations

Mr. Trent Perrotto
Sr. Director of Corp. and Digital Communications

Mr. Stephen Montgomery Kelly (Age 54)
Chief HR Officer & Exec. VP

Mr. Jeffrey D. Frank (Age 66)
Sr. VP of Product Innovation

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

REZI Stock - Frequently Asked Questions

Should I buy or sell Resideo Technologies stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Resideo Technologies in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" REZI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in REZI, but not buy additional shares or sell existing shares.
View REZI analyst ratings or view top-rated stocks.
What is Resideo Technologies' stock price forecast for 2023?: 3 analysts have issued 1 year price objectives for Resideo Technologies' shares. Their REZI share price forecasts range from $16.00 to $27.00. On average, they anticipate the company's share price to reach $21.50 in the next twelve months. This suggests a possible upside of 34.5% from the stock's current price.
View analysts price targets for REZI or view top-rated stocks among Wall Street analysts.
How have REZI shares performed in 2023?: Resideo Technologies' stock was trading at $16.45 at the beginning of 2023. Since then, REZI stock has decreased by 2.9% and is now trading at $15.98.
View the best growth stocks for 2023 here.
When is Resideo Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our REZI earnings forecast.
How were Resideo Technologies' earnings last quarter?: Resideo Technologies, Inc. (NYSE:REZI) issued its quarterly earnings results on Thursday, August, 3rd. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.12. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.62 billion. Resideo Technologies had a net margin of 3.30% and a trailing twelve-month return on equity of 8.27%. The business's revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share.
What ETFs hold Resideo Technologies' stock?: ETFs with the largest weight of Resideo Technologies (NYSE:REZI) stock in their portfolio include Gabelli Automation ETF (GAST), Playtech (PTEC), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Schwab Ariel ESG ETF (SAEF), SoFi Smart Energy ETF (SHFT), SoFi Smart Energy ETF (ENRG), Gabelli Love Our Planet & People ETF (LOPP) and SRH U.S. Quality ETF (SRHQ).
What guidance has Resideo Technologies issued on next quarter's earnings?: Resideo Technologies updated its FY23 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $1.29-1.49 for the period, compared to the consensus EPS estimate of $1.90. The company issued revenue guidance of $6.19-6.29 billion, compared to the consensus revenue estimate of $6.38 billion.
What is Jay Geldmacher's approval rating as Resideo Technologies' CEO?: 20 employees have rated Resideo Technologies Chief Executive Officer Jay Geldmacher on Glassdoor.com. Jay Geldmacher has an approval rating of 58% among the company's employees. This puts Jay Geldmacher in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Resideo Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Resideo Technologies investors own include Home Depot (HD), Procter & Gamble (PG), RTX (RTX), CVS Health (CVS), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Garrett Motion (GTX), Verizon Communications (VZ) and Intel (INTC).
What is Resideo Technologies' stock symbol?: Resideo Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "REZI."
Who are Resideo Technologies' major shareholders?: Resideo Technologies' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.89%), Ariel Investments LLC (9.45%), State Street Corp (5.52%), Boston Partners (4.56%), Dimensional Fund Advisors LP (4.09%) and Praesidium Investment Management Company LLC (2.85%). Insiders that own company stock include Anthony L Trunzo, Jack R Lazar, Jeannine J Lane, Nina Richardson, Robert B Aarnes and Tina M Beskid.
View institutional ownership trends.
How do I buy shares of Resideo Technologies?: Shares of REZI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Resideo Technologies' stock price today?: One share of REZI stock can currently be purchased for approximately $15.98.
How much money does Resideo Technologies make?: Resideo Technologies (NYSE:REZI) has a market capitalization of $2.36 billion and generates $6.37 billion in revenue each year. The company earns $283 million in net income (profit) each year or $1.40 on an earnings per share basis.
How many employees does Resideo Technologies have?: The company employs 15,200 workers across the globe.
How can I contact Resideo Technologies?: Resideo Technologies' mailing address is 901 E 6TH STREET, AUSTIN TX, 78702. The official website for the company is www.resideo.com. The company can be reached via phone at (408) 573-5340 or via email at investorrelations@resideo.com.

This page (NYSE:REZI) was last updated on 9/24/2023 by MarketBeat.com Staff

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