Previous close | 19.29 |
Open | 19.49 |
Bid | 18.00 x 1000 |
Ask | 22.50 x 1000 |
Day's range | 19.16 - 19.83 |
52-week range | 14.20 - 23.21 |
Volume | |
Avg. volume | 1,036,232 |
Market cap | 2.881B |
Beta (5Y monthly) | 2.12 |
PE ratio (TTM) | 13.89 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Resideo Technologies (REZI) delivered earnings and revenue surprises of 42.42% and 0.10%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
Despite a Decline in Revenue, Gross Margin Improvements Signal Resilience
The $10.75-per-share cash deal for Snap One, a maker of security solutions such as surveillance cameras and thermostats, represents a 32.1% premium to the stock's last close. The acquisition will help Resideo's ADI unit, a global distributor of audio-visual and low-voltage products, benefit from Snap One's smart-living solutions. "ADI and Snap One are highly complementary businesses and together will meaningfully enhance our strategic and operational capabilities," Resideo CEO Jay Geldmacher said.