$1.22 Billion in Sales Expected for Resideo Technologies Inc (REZI) This Quarter

Share on StockTwits

Brokerages expect Resideo Technologies Inc (NYSE:REZI) to announce $1.22 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Resideo Technologies’ earnings. The lowest sales estimate is $1.22 billion and the highest is $1.23 billion. The firm is scheduled to announce its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Resideo Technologies will report full-year sales of $5.00 billion for the current financial year, with estimates ranging from $5.00 billion to $5.01 billion. For the next fiscal year, analysts forecast that the business will post sales of $5.21 billion, with estimates ranging from $5.18 billion to $5.23 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Resideo Technologies.

Resideo Technologies (NYSE:REZI) last announced its earnings results on Wednesday, May 8th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.19 billion.

Several brokerages have recently weighed in on REZI. Imperial Capital reissued an “outperform” rating and issued a $26.00 price objective (up from $24.00) on shares of Resideo Technologies in a research report on Friday, May 10th. Zacks Investment Research lowered shares of Resideo Technologies from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 8th. Bank of America reaffirmed a “buy” rating and set a $24.00 price target (down from $28.00) on shares of Resideo Technologies in a research report on Friday, March 8th. Finally, Oppenheimer set a $30.00 price target on shares of Resideo Technologies and gave the stock a “buy” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $25.50.

NYSE REZI traded down $0.95 on Friday, hitting $22.02. 784,500 shares of the stock were exchanged, compared to its average volume of 1,184,925. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 0.74. Resideo Technologies has a 52 week low of $17.60 and a 52 week high of $28.67. The firm has a market capitalization of $2.82 billion and a P/E ratio of 8.91.

In other Resideo Technologies news, Director Roger Fradin acquired 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was acquired at an average price of $20.41 per share, for a total transaction of $510,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders purchased 26,503 shares of company stock valued at $541,539. 0.09% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Blume Capital Management Inc. bought a new position in Resideo Technologies during the 4th quarter worth approximately $25,000. Pflug Koory LLC acquired a new stake in Resideo Technologies in the 4th quarter valued at $26,000. Bedel Financial Consulting Inc. purchased a new position in Resideo Technologies during the 4th quarter worth $27,000. Private Capital Group LLC purchased a new position in Resideo Technologies during the 4th quarter worth $27,000. Finally, Fort L.P. purchased a new position in Resideo Technologies during the 4th quarter worth $27,000. Hedge funds and other institutional investors own 72.01% of the company’s stock.

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.

Featured Story: Google Finance Portfolio Workaround

Get a free copy of the Zacks research report on Resideo Technologies (REZI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Resideo Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resideo Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Citizens Financial Group  Releases Quarterly  Earnings Results
Citizens Financial Group Releases Quarterly Earnings Results
Autoliv  Releases Quarterly  Earnings Results, Beats Expectations By $0.01 EPS
Autoliv Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
American Express  Posts Quarterly  Earnings Results, Beats Expectations By $0.02 EPS
American Express Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Regions Financial  Announces Quarterly  Earnings Results, Meets Estimates
Regions Financial Announces Quarterly Earnings Results, Meets Estimates
IBERIABANK  Posts Quarterly  Earnings Results, Beats Expectations By $0.05 EPS
IBERIABANK Posts Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Kansas City Southern  Releases  Earnings Results, Beats Estimates By $0.04 EPS
Kansas City Southern Releases Earnings Results, Beats Estimates By $0.04 EPS


© 2006-2019 Ticker Report