ResMed Inc. (NYSE:RMD) is set to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect ResMed to post earnings of $0.75 per share for the quarter.

ResMed (NYSE:RMD) last announced its quarterly earnings data on Thursday, April 27th. The medical equipment provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.70 by $0.01. The company had revenue of $514.20 million during the quarter, compared to the consensus estimate of $525.84 million. ResMed had a net margin of 15.96% and a return on equity of 22.53%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. On average, analysts expect ResMed to post $2.8 EPS for the current fiscal year and $3.12 EPS for the next fiscal year.

Shares of ResMed Inc. (NYSE RMD) traded down 0.32% during mid-day trading on Thursday, hitting $77.41. 434,095 shares of the stock traded hands. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 33.95 and a beta of 0.84. ResMed Inc. has a 52 week low of $56.59 and a 52 week high of $79.44. The firm’s 50-day moving average is $76.83 and its 200-day moving average is $71.43.

A number of equities analysts recently commented on RMD shares. J P Morgan Chase & Co downgraded ResMed from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $72.00 to $71.00 in a report on Thursday, April 20th. Zacks Investment Research raised ResMed from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. William Blair reaffirmed an “outperform” rating on shares of ResMed in a research note on Thursday, April 13th. BMO Capital Markets reaffirmed a “hold” rating on shares of ResMed in a research note on Friday, May 12th. Finally, Citigroup Inc. cut ResMed from a “buy” rating to a “neutral” rating in a research note on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $64.50.

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In other news, Director Peter C. Farrell sold 20,000 shares of the stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $68.75, for a total value of $1,375,000.00. Following the sale, the director now directly owns 321,557 shares of the company’s stock, valued at $22,107,043.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brett Sandercock sold 1,250 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $68.60, for a total value of $85,750.00. Following the completion of the sale, the chief financial officer now directly owns 62,783 shares in the company, valued at $4,306,913.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,261 shares of company stock worth $13,560,373. 1.97% of the stock is owned by insiders.

ResMed Company Profile

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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