Resideo Technologies (NYSE:REZI – Get Rating) released its earnings results on Thursday. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.07, Briefing.com reports. Resideo Technologies had a net margin of 5.14% and a return on equity of 14.00%. The company had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the previous year, the company earned $0.39 EPS. Resideo Technologies’s revenue for the quarter was up 14.2% on a year-over-year basis. Resideo Technologies updated its FY 2022 guidance to EPS and its Q3 2022 guidance to EPS.
Resideo Technologies Price Performance
Shares of NYSE REZI traded up $0.23 during mid-day trading on Friday, hitting $22.89. 749,797 shares of the company’s stock traded hands, compared to its average volume of 467,991. The company’s 50-day moving average is $21.33 and its two-hundred day moving average is $23.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.51 and a quick ratio of 0.92. The company has a market capitalization of $3.33 billion, a P/E ratio of 10.80 and a beta of 2.18. Resideo Technologies has a 1 year low of $18.36 and a 1 year high of $33.25.
In related news, insider Robert B. Aarnes sold 65,500 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were sold at an average price of $23.03, for a total transaction of $1,508,465.00. Following the transaction, the insider now directly owns 155,081 shares in the company, valued at approximately $3,571,515.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.
Institutional Investors Weigh In On Resideo Technologies
About Resideo Technologies
Resideo Technologies, Inc develops, manufactures, and sells comfort, residential thermal, and security solutions to the commercial and residential end markets in the United States, Europe, and internationally. The company operates in two segments, Products & Solutions, and ADI Global Distribution.
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