Resideo Technologies Inc (NYSE:REZI) has earned an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation. Resideo Technologies’ rating score has declined by 200% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price objective of $11.25 for the company and are predicting that the company will post $0.30 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Resideo Technologies an industry rank of 148 out of 255 based on the ratings given to its competitors.
A number of brokerages recently weighed in on REZI. Bank of America downgraded shares of Resideo Technologies from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Zacks Investment Research cut shares of Resideo Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, October 26th. Oppenheimer cut shares of Resideo Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 23rd. ValuEngine upgraded shares of Resideo Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Finally, Imperial Capital decreased their target price on shares of Resideo Technologies from $25.00 to $12.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th.
In other news, CFO Robert P. Ryder bought 22,900 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was purchased at an average price of $8.81 per share, for a total transaction of $201,749.00. Following the transaction, the chief financial officer now owns 22,900 shares in the company, valued at $201,749. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC bought a new position in Resideo Technologies in the 2nd quarter worth about $33,000. Machina Capital S.A.S. grew its position in Resideo Technologies by 828.1% in the 2nd 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 during the last quarter. Employers Holdings Inc. bought a new position in Resideo Technologies in the 2nd quarter worth about $35,000. Captrust Financial Advisors grew its position in Resideo Technologies by 84.6% in the 2nd quarter. Captrust Financial Advisors now owns 1,663 shares of the company’s stock worth $36,000 after purchasing an additional 762 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Resideo Technologies in the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.
Shares of NYSE:REZI traded up $0.84 during trading on Friday, reaching $10.29. 2,208,015 shares of the company’s stock traded hands, compared to its average volume of 1,301,231. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.19 and a quick ratio of 0.72. Resideo Technologies has a 12 month low of $8.60 and a 12 month high of $26.40. The company has a 50 day moving average of $12.06 and a 200-day moving average of $17.15. The stock has a market capitalization of $1.08 billion and a P/E ratio of 4.17.
Resideo Technologies (NYSE:REZI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Resideo Technologies had a net margin of 1.23% and a return on equity of 7.63%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company earned $2.53 EPS. Resideo Technologies’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that Resideo Technologies will post 0.85 earnings per share for the current fiscal year.
About Resideo Technologies
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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