ResMed - RMD Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ResMed in the last twelve months. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RMD shares.
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8 brokers have issued 1-year target prices for ResMed's stock. Their RMD share price forecasts range from $245.00 to $280.00. On average, they expect the company's stock price to reach $263.43 in the next year. This suggests a possible upside of 13.5% from the stock's current price.
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ResMed's stock was trading at $208.13 at the beginning of 2023. Since then, RMD shares have increased by 11.6% and is now trading at $232.17.
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ResMed saw a decline in short interest in January. As of January 15th, there was short interest totaling 850,000 shares, a decline of 15.8% from the December 31st total of 1,010,000 shares. Based on an average daily volume of 584,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the shares of the stock are sold short.
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ResMed Inc. (NYSE:RMD) issued its quarterly earnings data on Thursday, January, 26th. The medical equipment provider reported $1.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.04. The medical equipment provider had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $996.22 million. ResMed had a trailing twelve-month return on equity of 25.75% and a net margin of 21.70%. ResMed's revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.47 EPS.

ResMed declared a quarterly dividend on Thursday, January 26th. Investors of record on Thursday, February 9th will be given a dividend of $0.44 per share on Thursday, March 16th. This represents a $1.76 annualized dividend and a yield of 0.76%.
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 32.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RMD will have a dividend payout ratio of 24.24% 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 shareholders include Congress Asset Management Co. MA (0.37%), Ardevora Asset Management LLP (0.15%), Capital Investment Services of America Inc. (0.09%), Baillie Gifford & Co. (0.05%), Assenagon Asset Management S.A. (0.04%) and Massmutual Trust Co. FSB ADV (0.04%). 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.
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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 $232.17.

ResMed (NYSE:RMD) has a market capitalization of $34.01 billion and generates $3.58 billion in revenue each year. The medical equipment provider earns $779.44 million in net income (profit) each year or $5.35 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.