Resideo Technologies (REZI) Expected to Announce Quarterly Earnings on Tuesday

Resideo Technologies (NYSE:REZI) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.61 per share and revenue of $1.83 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Resideo Technologies (NYSE:REZI) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. The company had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.82 billion. Resideo Technologies had a net margin of 2.72% and a return on equity of 10.97%. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, analysts expect Resideo Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Resideo Technologies Trading Down 2.2 %

NYSE:REZI opened at $21.53 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.16 billion, a PE ratio of 19.39 and a beta of 2.15. The stock’s 50 day moving average price is $23.93 and its 200 day moving average price is $22.03. Resideo Technologies has a 52-week low of $16.91 and a 52-week high of $28.28.

Insider Activity

In related news, insider Robert B. Aarnes sold 98,829 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $26.16, for a total value of $2,585,366.64. Following the completion of the sale, the insider now owns 458,928 shares in the company, valued at $12,005,556.48. This trade represents a 17.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

About Resideo Technologies

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.