Resideo Technologies (NYSE:REZI – Get Free Report) 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
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.
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