Resideo Technologies (NYSE:REZI) Updates 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 guidance of 0.510-0.610 for the period, compared to the consensus earnings per share 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 assumed coverage on shares of Resideo Technologies in a report on Friday, August 9th. They set an “outperform” rating and a $25.00 price objective on the stock.

Resideo Technologies Stock Performance

Shares of NYSE:REZI traded up $2.26 on Friday, hitting $24.01. 2,082,378 shares of the company were exchanged, compared to its average volume of 626,210. The company’s 50 day moving average price is $19.95 and its two-hundred day moving average price is $20.24. Resideo Technologies has a one year low of $15.44 and a one year high of $24.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.81. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 21.63 and a beta of 2.09.

Resideo Technologies (NYSE:REZI) last issued its earnings results on Thursday, August 8th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.20. Resideo Technologies had a net margin of 2.72% and a return on equity of 11.07%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business earned $0.34 EPS. The firm’s revenue was down .8% on a year-over-year basis. Research analysts expect that Resideo Technologies will post 1.92 earnings per share 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.