Resideo Technologies (NYSE:REZI) Announces Quarterly Earnings Results

Resideo Technologies (NYSE:REZIGet 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

A number of hedge funds have recently made changes to their positions in the business. Polar Capital Holdings Plc increased its holdings in shares of Resideo Technologies by 39.0% in the 1st quarter. Polar Capital Holdings Plc now owns 58,805 shares of the company’s stock valued at $1,401,000 after acquiring an additional 16,500 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its holdings in shares of Resideo Technologies by 17.5% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 29,390 shares of the company’s stock valued at $700,000 after acquiring an additional 4,373 shares during the last quarter. Eaton Vance Management increased its holdings in shares of Resideo Technologies by 3.6% in the 1st quarter. Eaton Vance Management now owns 26,148 shares of the company’s stock valued at $623,000 after acquiring an additional 913 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of Resideo Technologies in the 1st quarter valued at about $266,000. Finally, Captrust Financial Advisors increased its holdings in shares of Resideo Technologies by 30.1% in the 1st quarter. Captrust Financial Advisors now owns 6,238 shares of the company’s stock valued at $149,000 after acquiring an additional 1,443 shares during the last quarter. Hedge funds and other institutional investors own 92.91% of the company’s stock.

About Resideo Technologies

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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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Earnings History for Resideo Technologies (NYSE:REZI)

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