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

Resideo Technologies (NYSE:REZI) updated its third quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.490-0.590 for the period, compared to the consensus 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.

Analysts Set New Price Targets

Separately, Evercore ISI initiated coverage on shares of Resideo Technologies in a research report on Friday. They issued an outperform rating and a $25.00 price target for the company.

Resideo Technologies Stock Performance

Shares of Resideo Technologies stock traded down $0.48 on Friday, reaching $18.74. 2,673,579 shares of the stock were exchanged, compared to its average volume of 668,079. Resideo Technologies has a 1-year low of $14.19 and a 1-year high of $23.43. The company has a current ratio of 1.93, a quick ratio of 1.26 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average price of $20.33 and a two-hundred day moving average price of $20.62. The firm has a market capitalization of $2.74 billion, a PE ratio of 14.09 and a beta of 2.12.

Insider Buying and Selling at Resideo Technologies

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