Resideo Technologies (NYSE:REZI) Updates FY 2024 Earnings Guidance

Resideo Technologies (NYSE:REZI) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 2.150-2.350 for the period, compared to the consensus earnings per share estimate of 2.170. The company issued revenue guidance of $6.7 billion-$6.8 billion, compared to the consensus revenue estimate of $6.2 billion. Resideo Technologies also updated its FY24 guidance to $2.15-2.35 EPS.

Analyst Ratings Changes

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

Resideo Technologies Stock Down 2.5 %

NYSE:REZI traded down $0.48 during trading hours on Friday, hitting $18.74. 2,673,579 shares of the company traded hands, compared to its average volume of 668,079. The company has a quick ratio of 1.26, a current ratio of 1.93 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.74 billion, a PE ratio of 14.09 and a beta of 2.12. The firm’s 50-day simple moving average is $20.33 and its 200-day simple moving average is $20.62. Resideo Technologies has a one year low of $14.19 and a one year high of $23.43.

Insiders Place Their Bets

In other Resideo Technologies news, CAO Tina M. Beskid sold 7,057 shares of Resideo Technologies stock in a transaction 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 transaction, the chief accounting officer now directly owns 52,824 shares of the company’s stock, valued at approximately $1,144,696.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.