ResMed (RMD) to Release Quarterly Earnings on Thursday

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.

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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.

In other ResMed news, Director John P. Wareham sold 25,934 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $102.25, for a total value of $2,651,751.50. Following the transaction, the director now directly owns 38,934 shares of the company’s stock, valued at approximately $3,981,001.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard Mchale sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $100.12, for a total transaction of $200,240.00. Following the completion of the transaction, the insider now directly owns 62,002 shares in the company, valued at $6,207,640.24. The disclosure for this sale can be found here. Insiders sold a total of 42,004 shares of company stock worth $4,209,303 over the last three months. Corporate insiders own 1.77% of the company’s stock.

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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About ResMed

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.

Earnings History for ResMed (NYSE:RMD)

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