Resideo Technologies (NYSE:REZI) Issues Quarterly Earnings Results

Resideo Technologies (NYSE:REZI) announced its quarterly earnings results on Tuesday. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04, FiscalAI reports. Resideo Technologies had a positive return on equity of 15.15% and a negative net margin of 7.27%.The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.87 billion. Resideo Technologies updated its FY 2026 guidance to 3.000-3.200 EPS and its Q2 2026 guidance to 0.710-0.750 EPS.

Resideo Technologies Stock Performance

REZI stock traded down $0.71 during trading hours on Tuesday, hitting $36.77. 1,750,484 shares of the stock were exchanged, compared to its average volume of 1,274,254. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $5.57 billion, a P/E ratio of -9.12 and a beta of 1.75. The company has a 50-day simple moving average of $36.96 and a two-hundred day simple moving average of $36.21. Resideo Technologies has a 12 month low of $19.65 and a 12 month high of $45.29.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC increased its position in Resideo Technologies by 85.8% during the 4th quarter. Corient Private Wealth LLC now owns 32,802 shares of the company’s stock worth $1,144,000 after buying an additional 15,149 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Resideo Technologies by 35.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,559 shares of the company’s stock worth $265,000 after buying an additional 1,975 shares during the period. Vident Advisory LLC increased its position in Resideo Technologies by 17.3% during the 4th quarter. Vident Advisory LLC now owns 7,228 shares of the company’s stock worth $254,000 after buying an additional 1,068 shares during the period. EP Wealth Advisors LLC bought a new position in Resideo Technologies during the 4th quarter worth $526,000. Finally, Empowered Funds LLC bought a new position in Resideo Technologies during the 4th quarter worth $152,000. Institutional investors own 91.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on REZI. Oppenheimer reaffirmed an “outperform” rating on shares of Resideo Technologies in a report on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Resideo Technologies in a report on Tuesday, April 21st. Finally, Morgan Stanley raised their price target on Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.67.

About Resideo Technologies

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.