Zacks: Analysts Anticipate Resideo Technologies, Inc. (NYSE:REZI) Will Post Earnings of $0.57 Per Share

Analysts expect Resideo Technologies, Inc. (NYSE:REZIGet Rating) to report earnings per share of $0.57 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Resideo Technologies’ earnings. The highest EPS estimate is $0.62 and the lowest is $0.51. Resideo Technologies reported earnings of $0.39 per share in the same quarter last year, which would indicate a positive year over year growth rate of 46.2%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Resideo Technologies will report full year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.49. For the next financial year, analysts forecast that the firm will report earnings of $2.67 per share, with EPS estimates ranging from $2.56 to $2.83. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Resideo Technologies.

Resideo Technologies (NYSE:REZIGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.14. Resideo Technologies had a net margin of 4.72% and a return on equity of 12.62%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year.

A number of brokerages have weighed in on REZI. Zacks Investment Research upgraded shares of Resideo Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Morgan Stanley cut their price target on Resideo Technologies from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 16th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in REZI. Hexagon Capital Partners LLC increased its stake in Resideo Technologies by 115.4% during the fourth quarter. Hexagon Capital Partners LLC now owns 952 shares of the company’s stock worth $25,000 after acquiring an additional 510 shares during the last quarter. Concord Wealth Partners boosted its position in shares of Resideo Technologies by 864.1% during the 4th quarter. Concord Wealth Partners now owns 993 shares of the company’s stock worth $26,000 after purchasing an additional 890 shares during the period. CWM LLC purchased a new position in shares of Resideo Technologies during the 4th quarter worth approximately $26,000. West Bancorporation Inc. increased its holdings in Resideo Technologies by 134.0% in the 1st quarter. West Bancorporation Inc. now owns 1,163 shares of the company’s stock valued at $28,000 after purchasing an additional 666 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Resideo Technologies by 296.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,430 shares of the company’s stock valued at $37,000 after purchasing an additional 1,069 shares during the period. 92.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of REZI stock opened at $23.15 on Friday. Resideo Technologies has a twelve month low of $21.20 and a twelve month high of $33.25. The stock has a market cap of $3.37 billion, a P/E ratio of 12.31 and a beta of 2.22. The stock has a 50 day moving average of $23.84 and a 200 day moving average of $25.07. The company has a current ratio of 1.51, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60.

About Resideo Technologies (Get Rating)

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 and Estimates for Resideo Technologies (NYSE:REZI)

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