Resideo Technologies (NYSE:REZI) Issues FY24 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $2.15-2.35 for the period, compared to the consensus earnings per share estimate of $2.00. The company issued revenue guidance of $6.68-6.76 billion, compared to the consensus revenue estimate of $6.16 billion. Resideo Technologies also updated its FY 2024 guidance to 2.150-2.350 EPS.

Resideo Technologies Stock Performance

NYSE REZI traded down $0.48 on Friday, hitting $18.74. 2,673,579 shares of the company’s stock were exchanged, compared to its average volume of 668,079. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.93 and a quick ratio of 1.26. The firm’s 50-day moving average price is $20.33 and its two-hundred day moving average price is $20.65. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 14.09 and a beta of 2.12. Resideo Technologies has a fifty-two week low of $14.19 and a fifty-two week high of $23.43.

Wall Street Analyst Weigh In

Separately, Evercore ISI began coverage on Resideo Technologies in a report on Friday. They issued an outperform rating and a $25.00 target price for the company.

Insider Activity

In other news, CAO Tina M. Beskid sold 7,057 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $21.67, for a total transaction of $152,925.19. Following the completion of the transaction, the chief accounting officer now directly owns 52,824 shares of the company’s stock, valued at approximately $1,144,696.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.50% of the company’s stock.

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.