Resideo Technologies (NYSE:REZI) Announces Quarterly Earnings Results

Resideo Technologies (NYSE:REZIGet Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04, FiscalAI reports. Resideo Technologies had a positive return on equity of 15.15% and a negative net margin of 7.27%.The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.87 billion.

Resideo Technologies Stock Performance

NYSE REZI traded down $0.71 during trading hours on Tuesday, reaching $36.77. The company’s stock had a trading volume of 1,715,099 shares, compared to its average volume of 1,265,896. The stock has a market cap of $5.57 billion, a PE ratio of -9.12 and a beta of 1.75. The business has a 50-day simple moving average of $36.96 and a 200 day simple moving average of $36.21. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30. Resideo Technologies has a 52 week low of $19.65 and a 52 week high of $45.29.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on REZI shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Resideo Technologies in a research report on Tuesday, April 21st. Oppenheimer reissued an “outperform” rating on shares of Resideo Technologies in a research report on Friday, March 13th. Finally, Morgan Stanley upped their price target on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.67.

Check Out Our Latest Analysis on Resideo Technologies

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its position in Resideo Technologies by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,126 shares of the company’s stock worth $111,000 after acquiring an additional 306 shares during the period. Vise Technologies Inc. increased its stake in shares of Resideo Technologies by 2.4% during the fourth quarter. Vise Technologies Inc. now owns 13,670 shares of the company’s stock valued at $480,000 after acquiring an additional 315 shares during the period. O Shaughnessy Asset Management LLC increased its stake in shares of Resideo Technologies by 6.2% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,929 shares of the company’s stock valued at $208,000 after acquiring an additional 347 shares during the period. Larson Financial Group LLC increased its stake in shares of Resideo Technologies by 283.8% during the third quarter. Larson Financial Group LLC now owns 568 shares of the company’s stock valued at $25,000 after acquiring an additional 420 shares during the period. Finally, Maryland State Retirement & Pension System increased its stake in shares of Resideo Technologies by 2.4% during the fourth quarter. Maryland State Retirement & Pension System now owns 20,139 shares of the company’s stock valued at $707,000 after acquiring an additional 463 shares during the period. 91.71% of the stock is currently owned by institutional investors.

Resideo Technologies Company Profile

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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.

Further Reading

Earnings History for Resideo Technologies (NYSE:REZI)

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