Resideo Technologies - REZI Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Resideo Technologies in the last year. 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.
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3 Wall Street research analysts have issued 1-year target prices for Resideo Technologies' shares. Their REZI share price forecasts range from $23.00 to $27.00. On average, they anticipate the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 44.5% from the stock's current price.
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Resideo Technologies' stock was trading at $16.45 at the start of the year. Since then, REZI shares have increased by 5.2% and is now trading at $17.30.
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Resideo Technologies saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 2,810,000 shares, an increase of 31.9% from the February 28th total of 2,130,000 shares. Based on an average trading volume of 727,800 shares, the short-interest ratio is presently 3.9 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Resideo Technologies, Inc. (NYSE:REZI) released its earnings results on Wednesday, February, 15th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.11. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.57 billion. Resideo Technologies had a net margin of 4.44% and a trailing twelve-month return on equity of 11.69%. Resideo Technologies's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share.

ETFs with the largest weight of Resideo Technologies (NYSE:REZI) stock in their portfolio include Gabelli Automation ETF (GAST), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Schwab Ariel ESG ETF (SAEF), Gabelli Love Our Planet & People ETF (LOPP), Invesco S&P SmallCap Industrials ETF (PSCI), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and First Trust Small Cap Value AlphaDEX Fund (FYT).

Resideo Technologies issued an update on its first quarter 2023 earnings guidance on Wednesday, February, 15th. The company provided earnings per share guidance of $0.29-$0.39 for the period, compared to the consensus EPS estimate of $0.50. The company issued revenue guidance of $1.52 billion-$1.56 billion, compared to the consensus revenue estimate of $1.51 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 Honeywell International (HON), 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 retail and institutional investors. Top institutional shareholders include Ariel Investments LLC (9.16%), Boston Partners (6.49%), Fuller & Thaler Asset Management Inc. (3.78%), Dimensional Fund Advisors LP (3.39%), Neuberger Berman Group LLC (2.71%) and Geode Capital Management LLC (1.82%). 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 $17.30.

Resideo Technologies (NYSE:REZI) has a market capitalization of $2.54 billion and generates $6.37 billion in revenue each year. The company earns $283 million in net income (profit) each year or $1.89 on an earnings per share basis.

The company employs 15,200 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.