Resideo Technologies - REZI Stock Forecast, Price & News

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 analysts have issued 12-month price targets for Resideo Technologies' shares. Their REZI share price forecasts range from $23.00 to $27.00. On average, they predict the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 35.9% from the stock's current price.
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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 11.9% and is now trading at $18.40.
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Resideo Technologies saw a decline in short interest during the month of December. As of December 30th, there was short interest totaling 1,590,000 shares, a decline of 19.7% from the December 15th total of 1,980,000 shares. Based on an average trading volume of 760,600 shares, the short-interest ratio is currently 2.1 days. Approximately 1.1% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Resideo Technologies will be holding an earnings conference call on Wednesday, February 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Resideo Technologies, Inc. (NYSE:REZI) posted its quarterly earnings results on Tuesday, November, 1st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by $0.15. The company had revenue of $1.62 billion for the quarter, compared to analysts' expectations of $1.68 billion. Resideo Technologies had a net margin of 4.96% and a trailing twelve-month return on equity of 13.22%.

Resideo Technologies issued an update on its fourth quarter 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $1.55 billion-$1.60 billion, compared to the consensus revenue estimate of $1.66 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), Raytheon Technologies (RTX), CVS Health (CVS), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Garrett Motion (GTX), Verizon Communications (VZ) and Intel (INTC).

Resideo Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "REZI."

Resideo Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Natixis Advisors L.P. (0.39%), New York State Common Retirement Fund (0.10%), Comerica Bank (0.09%), State of Alaska Department of Revenue (0.07%), Yousif Capital Management LLC (0.06%) and Maryland State Retirement & Pension System (0.04%). Insiders that own company stock include Andrew C Teich, Anthony L Trunzo, Fradin Roger, Jack R Lazar, Jeannine J Lane, Nina Richardson, Paul F Deninger and Robert B Aarnes.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of REZI stock can currently be purchased for approximately $18.40.

Resideo Technologies (NYSE:REZI) has a market capitalization of $2.68 billion and generates $5.85 billion in revenue each year. The company earns $242 million in net income (profit) each year or $2.08 on an earnings per share basis.

The company employs 13,300 workers across the globe.

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.