Brokerages Anticipate Resideo Technologies Inc (REZI) to Post $0.42 EPS

Analysts predict that Resideo Technologies Inc (NYSE:REZI) will report earnings of $0.42 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Resideo Technologies’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.49. The business is expected to issue its next earnings results on Thursday, June 6th.

On average, analysts expect that Resideo Technologies will report full-year earnings of $2.00 per share for the current year, with EPS estimates ranging from $1.50 to $2.49. For the next financial year, analysts forecast that the business will report earnings of $2.54 per share, with EPS estimates ranging from $1.95 to $3.13. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Resideo Technologies.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.23). The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s quarterly revenue was up 4.7% on a year-over-year basis.

REZI has been the topic of a number of recent research reports. Oppenheimer set a $30.00 price objective on Resideo Technologies and gave the stock a “buy” rating in a research note on Thursday, March 7th. Bank of America initiated coverage on Resideo Technologies in a research note on Thursday, December 6th. They set a “buy” rating and a $28.00 price objective on the stock. ValuEngine upgraded Resideo Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Imperial Capital initiated coverage on Resideo Technologies in a research note on Tuesday, March 12th. They set an “outperform” rating and a $24.00 price objective on the stock. Finally, Zacks Investment Research cut Resideo Technologies from a “buy” rating to a “sell” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $25.00.

In related news, Director Roger Fradin acquired 25,000 shares of Resideo Technologies stock in a transaction on Tuesday, March 12th. The shares were bought at an average price of $20.41 per share, for a total transaction of $510,250.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 25,938 shares of company stock worth $531,174.

Several large investors have recently added to or reduced their stakes in the stock. Financial Advocates Investment Management acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $698,000. Blume Capital Management Inc. acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $25,000. Pflug Koory LLC acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $26,000. Fort L.P. acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $27,000. Finally, Bedel Financial Consulting Inc. acquired a new position in shares of Resideo Technologies in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 72.86% of the company’s stock.

REZI stock traded up $0.24 during trading on Monday, reaching $19.29. 1,930,369 shares of the stock traded hands, compared to its average volume of 1,831,294. Resideo Technologies has a 52-week low of $17.60 and a 52-week high of $28.67. The company has a current ratio of 1.21, a quick ratio of 0.79 and a debt-to-equity ratio of 0.77. The company has a market cap of $2.34 billion and a PE ratio of 7.81.

About Resideo Technologies

Resideo Technologies, Inc provides critical residential comfort and security solutions in the United States, Europe, and internationally. It operates through two segments, Production and Distribution. The company offers comfort and care products, including temperature and humidity control, thermal, water, air, remote patient monitoring software, and software solutions; and security and safety products, such as security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, and installation and maintenance tools and software products.

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