ResMed (RMD) Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ResMed in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RMD shares.
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11 equities research analysts have issued 12 month price targets for ResMed's shares. Their RMD share price forecasts range from $180.00 to $290.00. On average, they anticipate the company's stock price to reach $248.29 in the next year. This suggests a possible upside of 67.9% from the stock's current price.
View analysts price targets for RMD or view top-rated stocks among Wall Street analysts.

ResMed's stock was trading at $208.13 at the beginning of 2023. Since then, RMD shares have decreased by 29.0% and is now trading at $147.87.
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ResMed saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,820,000 shares, an increase of 20.9% from the August 31st total of 3,160,000 shares. Based on an average daily volume of 1,310,000 shares, the short-interest ratio is presently 2.9 days.
View ResMed's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our RMD earnings forecast.

ResMed Inc. (NYSE:RMD) posted its quarterly earnings data on Thursday, August, 3rd. The medical equipment provider reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.67 by $0.07. The medical equipment provider earned $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. ResMed had a trailing twelve-month return on equity of 24.94% and a net margin of 21.25%. The company's revenue was up 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 EPS.
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ResMed announced a quarterly dividend on Thursday, August 3rd. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.48 per share on Thursday, September 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, August 16th. This is a positive change from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for RMD.

ETFs with the largest weight of ResMed (NYSE:RMD) stock in their portfolio include First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), Motley Fool Mid-Cap Growth ETF (TMFM), Fidelity Digital Health ETF (FDHT), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), iShares U.S. Medical Devices ETF (IHI), Simplify Market Neutral Equity Long/Short ETF (EQLS), First Trust Indxx Medical Devices ETF (MDEV) and Capital Group Global Growth Equity ETF (CGGO).

ResMed (NYSE:RMD) pays an annual dividend of $1.92 per share and currently has a dividend yield of 1.30%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RMD will have a dividend payout ratio of 24.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RMD.

284 employees have rated ResMed Chief Executive Officer Mick Farrell on Glassdoor.com. Mick Farrell has an approval rating of 92% among the company's employees. This puts Mick Farrell in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other ResMed investors own include NVIDIA (NVDA), Walt Disney (DIS), Intel (INTC), AbbVie (ABBV), Netflix (NFLX), Adobe (ADBE), Visa (V), Alibaba Group (BABA), PayPal (PYPL) and QUALCOMM (QCOM).

ResMed trades on the New York Stock Exchange (NYSE) under the ticker symbol "RMD."

Shares of RMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RMD stock can currently be purchased for approximately $147.87.

ResMed (NYSE:RMD) has a market capitalization of $21.75 billion and generates $4.22 billion in revenue each year. The medical equipment provider earns $897.56 million in net income (profit) each year or $6.10 on an earnings per share basis.

The company employs 10,140 workers across the globe.

ResMed's mailing address is 9001 SPECTRUM CENTER BLVD., SAN DIEGO CA, 92123. The official website for the company is www.resmed.com. The medical equipment provider can be reached via phone at (858) 836-5000, via email at investorrelations@resmed.com, or via fax at 858-836-5501.