Wall Street analysts predict that Resideo Technologies Inc (NYSE:REZI) will post $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Resideo Technologies’ earnings, with estimates ranging from $0.21 to $0.33. Resideo Technologies posted earnings per share of $0.31 during the same quarter last year, which indicates a negative year over year growth rate of 9.7%. The business is expected to report its next earnings results on Thursday, March 5th.

On average, analysts expect that Resideo Technologies will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.87 to $1.03. For the next financial year, analysts expect that the company will report earnings of $1.23 per share, with EPS estimates ranging from $0.81 to $1.75. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Resideo Technologies.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Wednesday, November 6th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.04). Resideo Technologies had a net margin of 1.23% and a return on equity of 7.63%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the company posted $2.53 EPS. The company’s revenue was up 2.2% compared to the same quarter last year.

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Resideo Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 25th. Bank of America upgraded Resideo Technologies from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, January 7th. ValuEngine upgraded Resideo Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Oppenheimer downgraded Resideo Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 23rd. Finally, Imperial Capital lowered their price target on Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $17.75.

REZI stock traded down $0.33 during trading on Thursday, hitting $12.22. The company had a trading volume of 623,806 shares, compared to its average volume of 1,326,499. The company has a quick ratio of 0.72, a current ratio of 1.19 and a debt-to-equity ratio of 0.74. Resideo Technologies has a 52-week low of $8.60 and a 52-week high of $26.40. The company has a 50 day simple moving average of $11.68 and a 200-day simple moving average of $13.81. The firm has a market capitalization of $1.54 billion, a P/E ratio of 24.94, a PEG ratio of 4.03 and a beta of 1.40.

In other Resideo Technologies news, Director Sharon L. Wienbar purchased 4,900 shares of Resideo Technologies stock in a transaction on Friday, November 15th. The stock was bought at an average price of $10.32 per share, for a total transaction of $50,568.00. Following the transaction, the director now owns 4,900 shares of the company’s stock, valued at approximately $50,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Joseph Douglas Ragan III sold 11,109 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $9.87, for a total value of $109,645.83. The disclosure for this sale can be found here. Insiders have purchased a total of 35,469 shares of company stock valued at $332,651 in the last 90 days. Insiders own 0.09% of the company’s stock.

A number of hedge funds have recently made changes to their positions in REZI. Charles Schwab Investment Management Inc. boosted its position in Resideo Technologies by 6.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 552,925 shares of the company’s stock worth $12,121,000 after acquiring an additional 35,765 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Resideo Technologies by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 1,357,331 shares of the company’s stock valued at $29,753,000 after buying an additional 75,290 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Resideo Technologies in the second quarter valued at $7,104,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Resideo Technologies by 37.7% in the second quarter. Parametric Portfolio Associates LLC now owns 626,040 shares of the company’s stock valued at $13,723,000 after buying an additional 171,486 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Resideo Technologies by 84.6% in the second quarter. Captrust Financial Advisors now owns 1,663 shares of the company’s stock valued at $36,000 after buying an additional 762 shares during the period. Institutional investors own 85.30% of the company’s stock.

Resideo Technologies Company Profile

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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Earnings History and Estimates for Resideo Technologies (NYSE:REZI)

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