Zacks: Analysts Anticipate ResMed Inc. (RMD) to Post $0.76 EPS

Equities analysts expect ResMed Inc. (NYSE:RMD) to post earnings of $0.76 per share for the current quarter, according to Zacks. Two analysts have made estimates for ResMed’s earnings. The lowest EPS estimate is $0.72 and the highest is $0.81. ResMed reported earnings of $0.73 per share during the same quarter last year, which would indicate a positive year over year growth rate of 4.1%. The firm is expected to report its next earnings report on Monday, January 22nd.

According to Zacks, analysts expect that ResMed will report full-year earnings of $3.00 per share for the current financial year, with EPS estimates ranging from $2.87 to $3.16. For the next year, analysts expect that the firm will post earnings of $3.35 per share, with EPS estimates ranging from $3.18 to $3.71. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover ResMed.

ResMed (NYSE:RMD) last issued its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $523.66 million for the quarter, compared to analysts’ expectations of $506.08 million. ResMed had a return on equity of 21.53% and a net margin of 16.58%. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS.

Several research firms recently issued reports on RMD. Credit Suisse Group cut ResMed from an “outperform” rating to a “neutral” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut ResMed from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Northland Securities reaffirmed a “sell” rating and issued a $55.00 price objective on shares of ResMed in a research report on Friday, October 27th. Jefferies Group LLC reaffirmed a “sell” rating and issued a $56.00 price objective on shares of ResMed in a research report on Thursday, October 12th. Finally, BMO Capital Markets upped their price objective on ResMed from $61.00 to $70.00 and gave the company a “market perform” rating in a research report on Wednesday, August 2nd. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $67.57.

ResMed (NYSE RMD) traded up $0.01 during mid-day trading on Monday, reaching $84.64. The company had a trading volume of 162,365 shares, compared to its average volume of 867,633. The company has a market cap of $12,009.33, a PE ratio of 29.49, a PEG ratio of 1.88 and a beta of 0.79. ResMed has a fifty-two week low of $57.45 and a fifty-two week high of $87.81. The company has a debt-to-equity ratio of 0.50, a current ratio of 4.72 and a quick ratio of 3.86.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.35 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.40 annualized dividend and a dividend yield of 1.65%. ResMed’s payout ratio is 56.68%.

In other news, Director Peter C. Farrell sold 118,392 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $82.70, for a total value of $9,791,018.40. Following the completion of the sale, the director now directly owns 306,615 shares in the company, valued at approximately $25,357,060.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett Sandercock sold 1,250 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $77.56, for a total value of $96,950.00. Following the completion of the sale, the chief financial officer now owns 65,941 shares of the company’s stock, valued at $5,114,383.96. The disclosure for this sale can be found here. Insiders sold a total of 201,234 shares of company stock valued at $16,339,637 over the last 90 days. 1.77% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. Crestwood Advisors Group LLC increased its stake in ResMed by 1.1% in the 3rd quarter. Crestwood Advisors Group LLC now owns 212,264 shares of the medical equipment provider’s stock worth $16,336,000 after buying an additional 2,375 shares in the last quarter. Wealthsource Partners LLC increased its stake in ResMed by 17.8% in the 3rd quarter. Wealthsource Partners LLC now owns 7,150 shares of the medical equipment provider’s stock worth $550,000 after buying an additional 1,080 shares in the last quarter. Coastline Trust Co increased its stake in ResMed by 39.4% in the 3rd quarter. Coastline Trust Co now owns 14,615 shares of the medical equipment provider’s stock worth $1,125,000 after buying an additional 4,130 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in ResMed in the 3rd quarter worth $341,000. Finally, California Public Employees Retirement System increased its stake in ResMed by 1.4% in the 3rd quarter. California Public Employees Retirement System now owns 299,798 shares of the medical equipment provider’s stock worth $23,072,000 after buying an additional 4,098 shares in the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.

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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.

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