Resideo Technologies (NYSE:REZI) Issues Q4 2024 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.510-0.610 for the period, compared to the consensus 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 started coverage on Resideo Technologies in a report on Friday, August 9th. They issued an “outperform” rating and a $25.00 price target on the stock.

Resideo Technologies Price Performance

Resideo Technologies stock traded down $0.18 during mid-day trading on Thursday, hitting $21.72. 889,295 shares of the company traded hands, compared to its average volume of 851,057. The stock has a fifty day moving average price of $19.84 and a 200-day moving average price of $20.19. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 18.43 and a beta of 2.09. Resideo Technologies has a one year low of $15.44 and a one year high of $23.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.81.

Resideo Technologies (NYSE:REZI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.20. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.53 billion. Resideo Technologies had a net margin of 2.85% and a return on equity of 10.32%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. On average, equities analysts predict that Resideo Technologies will post 1.92 earnings per share for the current fiscal year.

About Resideo Technologies

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.