Resideo Technologies (NYSE:REZI) Issues Q3 2024 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its third quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.490-0.590 for the period, compared to the consensus EPS estimate of 0.590. The company issued revenue guidance of $1.8 billion-$1.8 billion, compared to the consensus revenue estimate of $1.7 billion. Resideo Technologies also updated its FY 2024 guidance to 2.150-2.350 EPS.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI initiated coverage on Resideo Technologies in a research note on Friday. They issued an outperform rating and a $25.00 price target on the stock.

Resideo Technologies Stock Down 2.5 %

REZI stock traded down $0.48 during midday trading on Friday, hitting $18.74. The stock had a trading volume of 2,673,579 shares, compared to its average volume of 668,079. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 14.09 and a beta of 2.12. The business has a 50-day moving average of $20.33 and a two-hundred day moving average of $20.65. Resideo Technologies has a 52-week low of $14.19 and a 52-week high of $23.43. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.26.

Insider Buying and Selling

In other news, CAO Tina M. Beskid sold 7,057 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $21.67, for a total value of $152,925.19. Following the sale, the chief accounting officer now directly owns 52,824 shares of the company’s stock, valued at $1,144,696.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Resideo Technologies Company Profile

Resideo Technologies, Inc develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and ADI Global Distribution.