Resideo Technologies (NYSE:REZI) Releases Q4 2024 Earnings Guidance

Resideo Technologies (NYSE:REZI) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.510-0.610 for the period, compared to the consensus estimate of 0.610. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.8 billion. Resideo Technologies also updated its FY 2024 guidance to 2.180-2.280 EPS.

Analyst Ratings Changes

Separately, Evercore ISI started coverage on shares of Resideo Technologies in a report on Friday, August 9th. They issued an “outperform” rating and a $25.00 price target for the company.

Resideo Technologies Stock Up 10.4 %

REZI traded up $2.26 during trading on Friday, reaching $24.01. The company had a trading volume of 2,082,378 shares, compared to its average volume of 626,210. The company has a market cap of $3.52 billion, a P/E ratio of 21.63 and a beta of 2.09. Resideo Technologies has a 12 month low of $15.44 and a 12 month high of $24.09. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.81 and a quick ratio of 1.06. The business’s fifty day moving average price is $19.95 and its 200 day moving average price is $20.24.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.42 by $0.20. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Resideo Technologies had a net margin of 2.72% and a return on equity of 11.07%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. Equities analysts anticipate that Resideo Technologies will post 1.92 EPS for the current year.

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.