Resideo Technologies (REZI) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Resideo Technologies in the last year. There are currently 1 hold rating 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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1 brokers have issued twelve-month price targets for Resideo Technologies' shares. Their REZI share price targets range from $16.00 to $16.00. On average, they anticipate the company's stock price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 17.5%.
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Resideo Technologies' stock was trading at $18.82 at the beginning of 2024. Since then, REZI shares have increased by 3.0% and is now trading at $19.39.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
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Resideo Technologies, Inc. (NYSE:REZI) released its quarterly earnings data on Tuesday, February, 13th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.14. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. Resideo Technologies had a trailing twelve-month return on equity of 8.99% and a net margin of 3.36%. Resideo Technologies's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share.

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 updated its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided EPS guidance of 0.280-0.380 for the period, compared to the consensus earnings per share estimate of 0.360. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.6 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 a variety of institutional and retail investors. Top institutional shareholders include ARGA Investment Management LP (0.06%), Steph & Co. (0.01%) and Hennion & Walsh Asset Management Inc. (0.01%). Insiders that own company stock include Jeannine J Lane, Nina Richardson, Phillip L Theodore, Robert B Aarnes and Tina M Beskid.
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Shares of REZI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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