Resideo Technologies (NYSE:REZI – Get Free Report) updated its second quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.710-0.750 for the period, compared to the consensus estimate of 0.810. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $2.0 billion. Resideo Technologies also updated its FY 2026 guidance to 3.000-3.200 EPS.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on REZI. Seaport Research Partners assumed coverage on Resideo Technologies in a report on Wednesday. They issued a “buy” rating and a $55.00 target price for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Oppenheimer restated an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.00.
Get Our Latest Report on Resideo Technologies
Resideo Technologies Stock Down 0.2%
Resideo Technologies (NYSE:REZI – Get Free Report) last issued its earnings results on Tuesday, May 12th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.87 billion. Resideo Technologies had a positive return on equity of 16.70% and a negative net margin of 6.71%.Resideo Technologies’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 earnings per share. Resideo Technologies has set its FY 2026 guidance at 3.000-3.200 EPS and its Q2 2026 guidance at 0.710-0.750 EPS. As a group, research analysts forecast that Resideo Technologies will post 2.63 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Franklin Resources Inc. grew its holdings in Resideo Technologies by 1,325.0% during the third quarter. Franklin Resources Inc. now owns 1,888,665 shares of the company’s stock worth $81,553,000 after buying an additional 1,756,131 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Resideo Technologies by 365.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,966,157 shares of the company’s stock worth $84,899,000 after acquiring an additional 1,543,952 shares in the last quarter. Permian Investment Partners LP raised its holdings in shares of Resideo Technologies by 156.2% in the fourth quarter. Permian Investment Partners LP now owns 2,474,500 shares of the company’s stock valued at $86,904,000 after purchasing an additional 1,508,564 shares during the last quarter. Goldentree Asset Management LP bought a new position in shares of Resideo Technologies during the fourth quarter valued at about $44,650,000. Finally, Samlyn Capital LLC bought a new stake in Resideo Technologies in the 3rd quarter worth about $36,931,000. Institutional investors own 91.71% of the company’s stock.
Resideo Technologies Company Profile
Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.
The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.
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