$1.25 Billion in Sales Expected for Resideo Technologies Inc (REZI) This Quarter

Equities research analysts predict that Resideo Technologies Inc (NYSE:REZI) will post $1.25 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Resideo Technologies’ earnings. The company is expected to announce its next earnings report on Tuesday, February 12th.

According to Zacks, analysts expect that Resideo Technologies will report full year sales of $4.81 billion for the current year. For the next fiscal year, analysts forecast that the firm will report sales of $5.00 billion, with estimates ranging from $5.00 billion to $5.01 billion. Zacks Investment Research’s sales averages 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 quarterly earnings data on Tuesday, November 13th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.41. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year.

Several analysts recently issued reports on the stock. Oppenheimer set a $35.00 price target on shares of Resideo Technologies and gave the company a “buy” rating in a report on Tuesday, November 13th. Bank of America assumed coverage on shares of Resideo Technologies in a research report on Thursday, December 6th. They set a “buy” rating and a $28.00 price target for the company. Zacks Investment Research upgraded shares of Resideo Technologies from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research report on Wednesday, December 26th. Finally, ValuEngine upgraded shares of Resideo Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd.

Resideo Technologies stock opened at $21.90 on Friday. Resideo Technologies has a 1 year low of $18.77 and a 1 year high of $28.67.

In other Resideo Technologies news, insider Stephen Montgomery Kelly acquired 2,300 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The shares were purchased at an average price of $21.60 per share, with a total value of $49,680.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael G. Nefkens acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 29th. The shares were acquired at an average cost of $20.46 per share, for a total transaction of $204,600.00. The disclosure for this purchase can be found here. Insiders have acquired 24,609 shares of company stock valued at $515,961 over the last ninety days.

A number of hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama bought a new position in Resideo Technologies in the fourth quarter worth $7,566,000. State of Alaska Department of Revenue bought a new position in shares of Resideo Technologies in the fourth quarter valued at about $352,000. Sit Investment Associates Inc. bought a new position in shares of Resideo Technologies in the fourth quarter valued at about $184,000. Louisiana State Employees Retirement System acquired a new stake in Resideo Technologies in the fourth quarter worth about $672,000. Finally, Gateway Investment Advisers LLC acquired a new stake in Resideo Technologies in the fourth quarter worth about $1,732,000. Institutional investors own 0.01% of the company’s stock.

Resideo Technologies Company Profile

Resideo Technologies, Inc provides critical residential comfort and security solutions in the United States, Europe, and internationally. It operates through two segments, Production and Distribution. The company offers comfort and care products, including temperature and humidity control, thermal, water, air, remote patient monitoring software, and software solutions; and security and safety products, such as security panels, sensors, peripherals, wires and cables, communication devices, video cameras, awareness solutions, cloud infrastructure, and installation and maintenance tools.

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