Resideo Technologies (REZI) to Release Quarterly Earnings on Thursday

Resideo Technologies (NYSE:REZI) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.14. Resideo Technologies had a return on equity of 8.99% and a net margin of 3.36%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the business posted $0.26 earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, analysts expect Resideo Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Resideo Technologies Stock Performance

Resideo Technologies stock opened at $19.81 on Thursday. The stock has a 50-day simple moving average of $21.81 and a 200 day simple moving average of $18.52. The company has a quick ratio of 1.18, a current ratio of 1.80 and a debt-to-equity ratio of 0.51. Resideo Technologies has a 12-month low of $14.19 and a 12-month high of $23.21. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 13.95 and a beta of 2.13.

Analysts Set New Price Targets

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

Resideo Technologies Company Profile

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.