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.
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.
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