Brokerages Anticipate Resideo Technologies Inc (NYSE:REZI) to Announce $0.35 EPS

Resideo Technologies Inc (NYSE:REZI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price objective of $22.00 for the company and are anticipating that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned Resideo Technologies an industry rank of 178 out of 256 based on the ratings given to its competitors.

REZI has been the subject of a number of research reports. Oppenheimer decreased their target price on Resideo Technologies from $30.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Imperial Capital reaffirmed an “outperform” rating and set a $25.00 target price (down previously from $26.00) on shares of Resideo Technologies in a report on Thursday, July 18th. Finally, Zacks Investment Research downgraded Resideo Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 11th.

In related news, insider Masi Niccolo De purchased 4,837 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was bought at an average cost of $20.68 per share, with a total value of $100,029.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen Montgomery Kelly purchased 2,530 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was bought at an average cost of $19.67 per share, with a total value of $49,765.10. The disclosure for this purchase can be found here. Insiders have purchased 20,306 shares of company stock valued at $407,385 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

A number of large investors have recently made changes to their positions in REZI. Quadrant Capital Group LLC increased its position in shares of Resideo Technologies by 132.2% during the first quarter. Quadrant Capital Group LLC now owns 1,860 shares of the company’s stock worth $32,000 after purchasing an additional 1,059 shares in the last quarter. Israel Discount Bank of New York purchased a new stake in shares of Resideo Technologies during the first quarter worth approximately $32,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Resideo Technologies during the second quarter worth approximately $33,000. Machina Capital S.A.S. increased its position in shares of Resideo Technologies by 828.1% during the second quarter. Machina Capital S.A.S. now owns 1,550 shares of the company’s stock worth $34,000 after purchasing an additional 1,383 shares in the last quarter. Finally, Employers Holdings Inc. purchased a new stake in shares of Resideo Technologies during the second quarter worth approximately $35,000. 75.67% of the stock is owned by institutional investors.

Shares of Resideo Technologies stock traded up $0.66 on Friday, reaching $14.67. 1,122,300 shares of the stock were exchanged, compared to its average volume of 1,501,661. The company has a quick ratio of 0.72, a current ratio of 1.18 and a debt-to-equity ratio of 0.73. Resideo Technologies has a twelve month low of $13.93 and a twelve month high of $28.67. The firm has a market capitalization of $1.72 billion and a price-to-earnings ratio of 5.94. The business has a 50 day moving average price of $19.29 and a two-hundred day moving average price of $21.13.

Resideo Technologies (NYSE:REZI) last released its earnings results on Wednesday, August 7th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.01). Resideo Technologies had a return on equity of 9.67% and a net margin of 7.39%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Research analysts forecast that Resideo Technologies will post 1.37 EPS for the current year.

Resideo Technologies Company Profile

Resideo Technologies, Inc provides critical comfort, thermal, and security solutions primarily in residential environments in the United States, Europe, and internationally. The company operates in two segments, Products and Solutions, and Global Distribution. It offers home products, services, and technologies, including temperature and humidity control, water, air, remote patient monitoring software, and software solutions; and residential thermal solutions, such as boiler products, storage gas water heating solutions, ducted solutions, and thermal adjacency solutions.

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