ResMed - RMD Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ResMed in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RMD shares.
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7 brokers have issued 12 month price objectives for ResMed's shares. Their RMD share price forecasts range from $245.00 to $280.00. On average, they anticipate the company's share price to reach $263.17 in the next year. This suggests a possible upside of 17.2% 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 start of the year. Since then, RMD stock has increased by 7.9% and is now trading at $224.59.
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ResMed saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 850,000 shares, a decrease of 15.8% from the December 31st total of 1,010,000 shares. Based on an average trading volume of 584,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.6% of the company's stock are short sold.
View ResMed's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our RMD earnings forecast.

ResMed Inc. (NYSE:RMD) issued its quarterly earnings results on Thursday, January, 26th. The medical equipment provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.04. The medical equipment provider earned $1.03 billion during the quarter, compared to analysts' expectations of $996.22 million. ResMed had a net margin of 21.51% and a trailing twelve-month return on equity of 26.18%. ResMed's revenue was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $1.47 EPS.
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ResMed announced a quarterly dividend on Thursday, January 26th. Investors of record on Thursday, February 9th will be paid a dividend of $0.44 per share on Thursday, March 16th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, February 8th.
Read our dividend analysis for RMD.

ResMed (NYSE:RMD) pays an annual dividend of $1.76 per share and currently has a dividend yield of 0.76%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RMD will have a dividend payout ratio of 24.31% 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."

ResMed's stock is owned by a variety of retail and institutional investors. Top institutional investors include Congress Asset Management Co. MA (0.37%), Ardevora Asset Management LLP (0.15%), New York State Teachers Retirement System (0.11%), Capital Investment Services of America Inc. (0.09%), Natixis Advisors L.P. (0.08%) and Baillie Gifford & Co. (0.05%). Insiders that own company stock include Brett Sandercock, Carol Burt, Dave Michaud, David Pendarvis, James Hollingshead, Justin Leong, Lucile Blaise, Michael J Farrell, Peter C Farrell, Rajwant Sodhi, Robert Andrew Douglas and Ronald R Taylor.
View institutional ownership trends.

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 $224.59.

ResMed (NYSE:RMD) has a market capitalization of $32.90 billion and generates $3.62 billion in revenue each year. The medical equipment provider earns $779.44 million in net income (profit) each year or $5.51 on an earnings per share basis.

The company employs 8,160 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.