Resideo Technologies (NYSE:REZI – Get Free Report) 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.
Check Out Our Latest Analysis on Resideo Technologies
Resideo Technologies Stock Down 2.5 %
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.
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