ResMed (NYSE:RMD) will be issuing its quarterly earnings data after the market closes on Thursday, April 26th. Analysts expect the company to announce earnings of $0.84 per share for the quarter.
ResMed (NYSE:RMD) last issued its quarterly earnings results on Monday, January 22nd. The medical equipment provider reported $1.00 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.22. The firm had revenue of $601.27 million for the quarter, compared to analyst estimates of $583.77 million. ResMed had a net margin of 12.98% and a return on equity of 22.75%. ResMed’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $0.73 EPS. On average, analysts expect ResMed to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of ResMed stock opened at $96.56 on Wednesday. The stock has a market capitalization of $14,121.20, a P/E ratio of 34.24 and a beta of 0.90. ResMed has a twelve month low of $67.04 and a twelve month high of $104.78.
RMD has been the topic of a number of research reports. Zacks Investment Research raised shares of ResMed from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, February 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of ResMed in a research note on Wednesday, March 7th. Finally, BMO Capital Markets raised their price target on shares of ResMed to $90.00 and gave the company a “market perform” rating in a research note on Tuesday, January 23rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. ResMed presently has an average rating of “Hold” and an average price target of $74.83.
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ResMed Inc is a holding company. The Company is engaged in the development, manufacturing, distribution and marketing of medical devices and cloud-based software applications that diagnose, treat and manage respiratory disorders, including sleep disordered breathing (SDB), chronic obstructive pulmonary disease (COPD), neuromuscular disease and other diseases.
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