Resideo Technologies (NYSE:REZI) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Resideo Technologies (NYSE:REZI) released its quarterly earnings results on Thursday. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.14, Briefing.com reports. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. Resideo Technologies had a net margin of 3.17% and a return on equity of 9.33%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.39 earnings per share. Resideo Technologies updated its Q2 guidance to $0.43-$0.53 EPS and its FY24 guidance to $1.90-$2.30 EPS.

Resideo Technologies Price Performance

NYSE:REZI traded up $0.76 on Friday, reaching $20.49. 1,152,301 shares of the company’s stock traded hands, compared to its average volume of 783,672. The firm has a market cap of $2.99 billion, a PE ratio of 15.41 and a beta of 2.13. The company has a quick ratio of 1.18, a current ratio of 1.80 and a debt-to-equity ratio of 0.51. The stock has a 50-day simple moving average of $21.51 and a 200-day simple moving average of $18.74. Resideo Technologies has a 12 month low of $14.19 and a 12 month high of $23.21.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Resideo Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, February 28th.

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.