Resideo Technologies, Inc. develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution. It offers temperature and humidity control, thermal water, and air solutions; and security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, installation and maintenance tools, and related software products under the Honeywell Home brand. In addition, the company distributes security products comprising video, intrusion, and access control products; and smart home, fire, power, audio, ProAV, networking, communication, wire and cable, enterprise connectivity, and structured wiring products to contractors that service non-residential and residential end-users. It sells its products through a network of distributors, original equipment manufacturers, and service providers, as well as retail and online channels. Resideo Technologies, Inc. was incorporated in 2018 and is headquartered in Scottsdale, Arizona.
Resideo Technologies Stock Down 3.7 %
NYSE:REZI traded down $0.87 on Thursday, reaching $22.69. The stock had a trading volume of 262,814 shares, compared to its average volume of 477,592. The company has a current ratio of 1.57, a quick ratio of 0.96 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $21.19 and a 200 day moving average of $23.13. The stock has a market cap of $3.31 billion, a P/E ratio of 10.70 and a beta of 2.18. Resideo Technologies has a 12-month low of $18.36 and a 12-month high of $32.94.
Resideo Technologies (NYSE:REZI - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Resideo Technologies had a net margin of 5.14% and a return on equity of 13.79%. Resideo Technologies's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. On average, research analysts predict that Resideo Technologies will post 2.38 earnings per share for the current year.
Insider Activity at Resideo Technologies
In related news, insider Robert B. Aarnes sold 65,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $23.03, for a total value of $1,508,465.00. Following the completion of the transaction, the insider now owns 155,081 shares of the company's stock, valued at approximately $3,571,515.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company's stock.