Resideo Technologies Stock Price, News & Analysis (NYSE:REZI)

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Resideo Technologies in the last year. There are currently 2 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.
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2 brokerages have issued 1 year price targets for Resideo Technologies' stock. Their REZI share price targets range from $16.00 to $16.00. On average, they expect the company's share price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 4.8%.
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Resideo Technologies' stock was trading at $16.45 at the beginning of the year. Since then, REZI stock has increased by 2.2% and is now trading at $16.81.
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Resideo Technologies saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 2,010,000 shares, an increase of 27.2% from the October 31st total of 1,580,000 shares. Based on an average daily volume of 669,400 shares, the days-to-cover ratio is presently 3.0 days. Currently, 1.4% of the company's shares are short sold.
View Resideo Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our REZI earnings forecast.

Resideo Technologies, Inc. (NYSE:REZI) issued its quarterly earnings results on Wednesday, November, 1st. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.54 billion. Resideo Technologies had a trailing twelve-month return on equity of 7.96% and a net margin of 2.67%. Resideo Technologies's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS.

ETFs with the largest weight of Resideo Technologies (NYSE:REZI) stock in their portfolio include Playtech (PTEC), Gabelli Automation ETF (GAST), 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).

Resideo Technologies issued an update on its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided earnings per share guidance of $0.29-0.39 for the period, compared to the consensus earnings per share estimate of $0.32. The company issued revenue guidance of $1.495-1.545 billion, compared to the consensus revenue estimate of $1.55 billion.

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.

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).

Resideo Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Ariel Investments LLC (9.42%), Fuller & Thaler Asset Management Inc. (5.65%), Boston Partners (4.59%), Pzena Investment Management LLC (3.30%), Clearbridge Investments LLC (1.86%) and Northern Trust Corp (1.19%). Insiders that own company stock include Anthony L Trunzo, Jeannine J Lane, Nina Richardson, Phillip L Theodore, Robert B Aarnes and Tina M Beskid.
View institutional ownership trends.

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.
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