Oppenheimer Research Analysts Lift Earnings Estimates for Resideo Technologies Inc (NYSE:REZI)

Resideo Technologies Inc (NYSE:REZI) – Research analysts at Oppenheimer increased their Q4 2019 EPS estimates for shares of Resideo Technologies in a research note issued on Monday, August 12th. Oppenheimer analyst I. Zaffino now expects that the company will post earnings per share of $0.70 for the quarter, up from their previous forecast of $0.62. Oppenheimer currently has a “Outperform” rating and a $20.00 target price on the stock.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Resideo Technologies from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Imperial Capital reaffirmed an “outperform” rating and set a $25.00 price target (down from $26.00) on shares of Resideo Technologies in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $23.25.

Shares of Resideo Technologies stock opened at $14.01 on Wednesday. The firm has a market capitalization of $1.91 billion and a PE ratio of 5.67. The company has a current ratio of 1.18, a quick ratio of 0.72 and a debt-to-equity ratio of 0.73. The firm’s 50 day moving average is $19.41 and its 200 day moving average is $21.16. Resideo Technologies has a 1 year low of $13.93 and a 1 year high of $28.67.

Resideo Technologies (NYSE:REZI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Resideo Technologies had a net margin of 7.39% and a return on equity of 9.67%.

In other Resideo Technologies news, insider Masi Niccolo De bought 4,837 shares of Resideo Technologies stock in a transaction on Wednesday, June 12th. The shares were purchased at an average cost of $20.68 per share, with a total value of $100,029.16. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael G. Nefkens bought 4,964 shares of Resideo Technologies stock in a transaction on Thursday, May 23rd. The shares were acquired at an average cost of $20.26 per share, for a total transaction of $100,570.64. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,306 shares of company stock worth $407,385 over the last three months. Insiders own 0.09% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of REZI. Quadrant Capital Group LLC boosted its stake in shares of Resideo Technologies by 132.2% in the 1st quarter. Quadrant Capital Group LLC now owns 1,860 shares of the company’s stock valued at $32,000 after purchasing an additional 1,059 shares during the last quarter. Israel Discount Bank of New York bought a new stake in shares of Resideo Technologies in the 1st quarter valued at $32,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Resideo Technologies in the 2nd quarter valued at $33,000. Machina Capital S.A.S. boosted its stake in shares of Resideo Technologies by 828.1% in the 2nd quarter. Machina Capital S.A.S. now owns 1,550 shares of the company’s stock valued at $34,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Employers Holdings Inc. bought a new stake in shares of Resideo Technologies in the 2nd quarter valued at $35,000. 75.67% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Resideo Technologies (NYSE:REZI)

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