Resideo Technologies Inc (NYSE:REZI) – Stock analysts at Oppenheimer lowered their Q3 2019 earnings per share (EPS) estimates for shares of Resideo Technologies in a research note issued to investors on Monday, August 12th. Oppenheimer analyst I. Zaffino now expects that the company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.40. Oppenheimer has a “Outperform” rating and a $20.00 price objective on the stock. Oppenheimer also issued estimates for Resideo Technologies’ FY2019 earnings at $1.47 EPS and FY2020 earnings at $1.57 EPS.
Resideo Technologies (NYSE:REZI) last announced its earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Resideo Technologies had a return on equity of 9.67% and a net margin of 7.39%.
A number of other research analysts also recently weighed in on REZI. Imperial Capital reiterated an “outperform” rating and set a $25.00 price target (down previously from $26.00) on shares of Resideo Technologies in a report on Thursday, July 18th. Zacks Investment Research downgraded Resideo Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $23.25.
Shares of Resideo Technologies stock opened at $14.67 on Thursday. Resideo Technologies has a 12-month low of $13.93 and a 12-month high of $28.67. The company has a quick ratio of 0.72, a current ratio of 1.18 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.88 billion and a PE ratio of 5.94. The stock’s fifty day moving average is $19.29 and its 200-day moving average is $21.13.
In other news, insider Michael G. Nefkens bought 4,964 shares of the stock in a transaction on Thursday, May 23rd. The shares were purchased at an average price of $20.26 per share, for a total transaction of $100,570.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph Douglas Ragan III bought 6,300 shares of the stock in a transaction on Wednesday, June 5th. The stock was purchased at an average price of $20.05 per share, for a total transaction of $126,315.00. The disclosure for this purchase can be found here. Insiders have bought 20,306 shares of company stock worth $407,385 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Retirement Systems of Alabama grew its stake in Resideo Technologies by 4.5% in the second quarter. Retirement Systems of Alabama now owns 376,249 shares of the company’s stock valued at $8,247,000 after purchasing an additional 16,192 shares in the last quarter. First Quadrant L P CA purchased a new position in Resideo Technologies in the first quarter valued at about $76,000. Dimensional Fund Advisors LP purchased a new position in Resideo Technologies in the fourth quarter valued at about $5,845,000. Pennsylvania Trust Co purchased a new position in Resideo Technologies in the first quarter valued at about $444,000. Finally, Bailard Inc. purchased a new position in Resideo Technologies in the first quarter valued at about $424,000. Hedge funds and other institutional investors own 75.67% of the company’s stock.
About Resideo Technologies
Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.
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