Resideo Technologies (NYSE:REZI) Updates Q3 Earnings Guidance

Resideo Technologies (NYSE:REZI) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.49-0.59 for the period, compared to the consensus estimate of $0.56. The company issued revenue guidance of $1.79-1.83 billion, compared to the consensus revenue estimate of $1.57 billion. Resideo Technologies also updated its FY24 guidance to $2.15-2.35 EPS.

Resideo Technologies Trading Up 2.1 %

Shares of Resideo Technologies stock traded up $0.40 on Thursday, reaching $19.22. The company had a trading volume of 486,310 shares, compared to its average volume of 818,659. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.26 and a current ratio of 1.93. The firm’s 50 day moving average price is $20.44 and its two-hundred day moving average price is $20.63. Resideo Technologies has a 52-week low of $14.19 and a 52-week high of $23.43. The firm has a market cap of $2.81 billion, a PE ratio of 14.16 and a beta of 2.12.

Insiders Place Their Bets

In other news, CAO Tina M. Beskid sold 7,057 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $21.67, for a total value of $152,925.19. Following the sale, the chief accounting officer now directly owns 52,824 shares in the company, valued at approximately $1,144,696.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Resideo Technologies Company Profile

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.