Analysts expect ResMed Inc. (NYSE:RMD) to announce sales of $500.75 million for the current quarter, according to Zacks. Two analysts have made estimates for ResMed’s earnings, with the highest sales estimate coming in at $503.50 million and the lowest estimate coming in at $498.00 million. ResMed posted sales of $465.45 million during the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The business is scheduled to issue its next quarterly earnings results on Tuesday, October 24th.

According to Zacks, analysts expect that ResMed will report full-year sales of $500.75 million for the current financial year, with estimates ranging from $2.21 billion to $2.34 billion. For the next fiscal year, analysts anticipate that the company will post sales of $2.42 billion per share, with estimates ranging from $2.34 billion to $2.57 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow ResMed.

ResMed (NYSE:RMD) last released its earnings results on Tuesday, August 1st. The medical equipment provider reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.02. The business had revenue of $556.69 million for the quarter, compared to analysts’ expectations of $557.68 million. ResMed had a return on equity of 21.99% and a net margin of 16.56%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 earnings per share.

A number of analysts have recently weighed in on RMD shares. BidaskClub upgraded shares of ResMed from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. Citigroup Inc. downgraded shares of ResMed from a “buy” rating to a “neutral” rating in a report on Friday, April 28th. Zacks Investment Research upgraded shares of ResMed from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Needham & Company LLC restated a “sell” rating on shares of ResMed in a report on Wednesday, August 2nd. Finally, Credit Suisse Group downgraded shares of ResMed from an “outperform” rating to a “neutral” rating in a report on Wednesday, August 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. ResMed has a consensus rating of “Hold” and an average target price of $65.63.

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ResMed (RMD) opened at 73.07 on Friday. The company has a 50-day moving average price of $75.87 and a 200-day moving average price of $72.42. The company has a market cap of $10.39 billion, a PE ratio of 30.45 and a beta of 0.83. ResMed has a 1-year low of $56.59 and a 1-year high of $79.63.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Thursday, August 17th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.92%. This is an increase from ResMed’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Tuesday, August 15th. ResMed’s dividend payout ratio is presently 58.09%.

In other news, insider Jr. Gregor K. Emmert purchased 424,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The shares were bought at an average cost of $0.06 per share, for a total transaction of $25,440.00. Also, CFO Brett Sandercock sold 1,250 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $71.02, for a total transaction of $88,775.00. The disclosure for this sale can be found here. Insiders have sold a total of 204,650 shares of company stock worth $15,516,845 over the last quarter. 1.97% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Korea Investment CORP increased its position in shares of ResMed by 305.2% in the first quarter. Korea Investment CORP now owns 49,439 shares of the medical equipment provider’s stock valued at $3,558,000 after buying an additional 37,239 shares during the last quarter. Crestwood Advisors Group LLC increased its position in shares of ResMed by 1.8% in the first quarter. Crestwood Advisors Group LLC now owns 204,965 shares of the medical equipment provider’s stock valued at $14,751,000 after buying an additional 3,653 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of ResMed by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,759 shares of the medical equipment provider’s stock valued at $253,000 after buying an additional 194 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of ResMed by 1.1% in the first quarter. Nationwide Fund Advisors now owns 236,511 shares of the medical equipment provider’s stock valued at $17,022,000 after buying an additional 2,477 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank increased its position in shares of ResMed by 0.6% in the first quarter. Cape Cod Five Cents Savings Bank now owns 48,166 shares of the medical equipment provider’s stock valued at $3,467,000 after buying an additional 299 shares during the last quarter. Institutional investors own 60.66% of the company’s stock.

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.

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Earnings History and Estimates for ResMed (NYSE:RMD)

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