Resideo Technologies (NYSE:REZI – Get Rating) issued its quarterly earnings results on Thursday. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.07, Briefing.com reports. Resideo Technologies had a return on equity of 14.00% and a net margin of 5.14%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the business earned $0.39 EPS. Resideo Technologies’s revenue was up 14.2% on a year-over-year basis. Resideo Technologies updated its FY 2022 guidance to EPS and its Q3 2022 guidance to EPS.
Resideo Technologies Stock Up 1.0 %
NYSE REZI traded up $0.23 during trading hours on Friday, hitting $22.89. 749,797 shares of the company were exchanged, compared to its average volume of 467,991. The company has a 50 day moving average of $21.33 and a two-hundred day moving average of $23.20. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.60. Resideo Technologies has a 52-week low of $18.36 and a 52-week high of $33.25. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 10.80 and a beta of 2.18.
Insiders Place Their Bets
In other Resideo Technologies news, insider Robert B. Aarnes sold 65,500 shares of the company’s stock in a transaction dated Wednesday, May 25th. The stock was sold at an average price of $23.03, for a total transaction of $1,508,465.00. Following the sale, the insider now owns 155,081 shares in the company, valued at approximately $3,571,515.43. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is owned by company insiders.
Institutional Inflows and Outflows
About Resideo Technologies
Resideo Technologies, Inc develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution.
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