Resideo Technologies - REZI Stock Forecast, Price & News

1 Wall Street equities 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 equities 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 brokerages have issued 1-year price targets for Resideo Technologies' stock. Their REZI share price forecasts range from $30.00 to $30.00. On average, they expect the company's stock price to reach $30.00 in the next twelve months. This suggests a possible upside of 32.2% from the stock's current price.
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Resideo Technologies' stock was trading at $26.03 on January 1st, 2022. Since then, REZI shares have decreased by 12.8% and is now trading at $22.69.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Resideo Technologies, Inc. (NYSE:REZI) announced its quarterly earnings data on Thursday, August, 4th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.07. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. Resideo Technologies had a net margin of 5.14% and a trailing twelve-month return on equity of 13.79%. The firm's revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share.

Resideo Technologies issued an update on its FY 2022 earnings guidance on Thursday, August, 18th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.45 billion-$6.65 billion, compared to the consensus revenue estimate of $6.55 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), 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 number of institutional and retail investors. Top institutional investors include State Street Corp (4.88%), Clearbridge Investments LLC (1.87%), Northern Trust Corp (1.31%), Greenlight Capital Inc. (1.08%), Robeco Schweiz AG (0.93%) and Gamco Investors INC. ET AL (0.78%). Insiders that own company stock include Andrew C Teich, Anthony L Trunzo, Fradin Roger, Jack R Lazar, Jeannine J Lane, Joseph Douglas Ragan III, Michael G Nefkens, Nina Richardson, Paul F Deninger, Robert B Aarnes, Robert P Ryder and Sharon L Wienbar.
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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 $22.69.

Resideo Technologies (NYSE:REZI) has a market capitalization of $3.31 billion and generates $5.85 billion in revenue each year. The company earns $242 million in net income (profit) each year or $2.12 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 (512) 726-3500 or via email at investorrelations@resideo.com.