NYSE:RMD

ResMed - RMD Stock Forecast, Price & News

$218.30

-0.16 (-0.07%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $217.71
▼
$223.13
50-Day Range: $212.32
▼
$243.58
52-Week Range: $189.40
▼
$275.66

Volume: 521,200 shs
Average Volume: 424,531 shs
Market Capitalization: $31.97 billion

P/E Ratio: 41.11
Dividend Yield: 0.81%
Price Target: $266.40

ResMed MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 22.0% Upside
$266.40 Price Target
Short Interest: Healthy
1.04% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.86
Upright™ Environmental Score
News Sentiment: 0.20
Based on 9 Articles This Week
Insider Trading: Selling Shares
$8.24 M Sold Last Quarter
Proj. Earnings Growth: 14.33%
From $6.56 to $7.50 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Medical Sector

180th out of 1,093 stocks

Surgical & Medical Instruments Industry

17th out of 106 stocks

2.3

Analyst's Opinion

Consensus Rating
ResMed has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $266.40, ResMed has a forecasted upside of 22.0% from its current price of $218.30.
Amount of Analyst Coverage
ResMed has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.04% of the float of ResMed has been sold short.
Short Interest Ratio / Days to Cover
ResMed has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in ResMed has recently increased by 17.97%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
ResMed has a dividend yield of 0.81%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
ResMed has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of ResMed is 33.15%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, ResMed will have a dividend payout ratio of 23.47% next year. This indicates that ResMed will be able to sustain or increase its dividend.

3.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
ResMed has received a 49.00% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is driven by its "Personal health record software" and "Medical ventilators" products. See details.
Environmental Sustainability
The Environmental Impact score for ResMed is -0.86.

2.3

News and Social Media Coverage

News Sentiment
ResMed has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for ResMed this week, compared to 5 articles on an average week.
MarketBeat Follows
14 people have added ResMed to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ResMed insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,241,549.00 in company stock.
Percentage Held by Insiders
Only 1.42% of the stock of ResMed is held by insiders.
Percentage Held by Institutions
65.50% of the stock of ResMed is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for ResMed are expected to grow by 14.33% in the coming year, from $6.56 to $7.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of ResMed is 41.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of ResMed is 41.11, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 78.56.
Price to Earnings Growth Ratio
ResMed has a PEG Ratio of 3.14. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ResMed has a P/B Ratio of 9.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About ResMed (NYSE:RMD) Stock

ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets. The company operates in two segments, Sleep and Respiratory Care, and Software as a Service. It offers various products and solutions for a range of respiratory disorders, including technologies to be applied in medical and consumer products, ventilation devices, diagnostic products, mask systems for use in the hospital and home, headgear and other accessories, dental devices, and cloud-based software informatics solutions to manage patient outcomes, as well as provides customer and business processes. The company also provides AirView, a cloud-based system that enables remote monitoring and changing of patients' device settings; myAir, a personalized therapy management application for patients with sleep apnea that provides support, education, and troubleshooting tools for increased patient engagement and improved compliance; U-Sleep, a compliance monitoring solution that enables home medical equipment (HME)to streamline their sleep programs; connectivity module and propeller solutions; and Propeller portal. It offers out-of-hospital software solution, such as Brightree business management software and service solutions to providers of HME, pharmacy, home infusion, orthotics, and prosthetics services; MatrixCare care management and related ancillary solutions to senior living, skilled nursing, life plan communities, home health, home care, and hospice organizations, as well as related accountable care organizations; and HEALTHCAREfirst that offers electronic health record, software, billing and coding services, and analytics for home health and hospice agencies. The company markets its products primarily to sleep clinics, home healthcare dealers, and hospitals through a network of distributors and direct sales force in approximately 140 countries. ResMed Inc. was founded in 1989 and is headquartered in San Diego, California.

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RMD Stock News Headlines

September 30, 2022 | americanbankingnews.com

Delcath Systems (NASDAQ:DCTH) & ResMed (NYSE:RMD) Critical Survey

September 28, 2022 | americanbankingnews.com

Zacks Research Weighs in on ResMed Inc.'s Q3 2023 Earnings (NYSE:RMD)

September 26, 2022 | finance.yahoo.com

ResMed (RMD) Gains on Product Uptake Even as Expenses Rise

September 25, 2022 | fool.com.au

Not all ASX 200 shares are getting hammered today. Here are some winners - The Motley Fool Australia

September 25, 2022 | fool.com.au

Experts names the blue chip ASX 200 shares to buy - The Motley Fool Australia

September 22, 2022 | benzinga.com

Hopeful Golden Cross Forms On ResMed's Chart - ResMed (NYSE:RMD) - Benzinga

September 21, 2022 | fool.com.au

Experts name 2 outstanding ASX 200 shares to buy right now - The Motley Fool Australia

September 15, 2022 | finance.yahoo.com

Insights on the Respiratory Devices Global Market to 2028 - Featuring Philips Healthcare, ResMed, Medtronic and Masimo Among Others - Yahoo Finance

September 9, 2022 | globenewswire.com

Connected Health and Wellness Solutions Global Market Report 2022 - GlobeNewswire

September 6, 2022 | benzinga.com

Resmed Inc. (RMD) – ResMed Announces Participation in the 20th Annual Morgan Stanley Global Healthcare Conference - Benzinga

September 6, 2022 | nasdaq.com

A Look At The Intrinsic Value Of ResMed Inc. (NYSE:RMD) - Nasdaq

September 4, 2022 | globenewswire.com

Over 480 Million People Estimated to Have COPD, World's - GlobeNewswire

September 4, 2022 | benzinga.com

Resmed Inc. (RMD) – Over 480 Million People Estimated to Have COPD, World's Third Deadliest Disease, ResM - Benzinga

August 31, 2022 | fool.com

ResMed (NYSE: RMD)

August 31, 2022 | nasdaq.com

Reasons Why You Should Retain ResMed (RMD) Stock For Now - Nasdaq

August 30, 2022 | marketwatch.com

ResMed Inc. stock falls Tuesday, still outperforms market - MarketWatch

August 29, 2022 | seekingalpha.com

ResMed Stock: Further Downside Is Warranted (NYSE:RMD) - Seeking Alpha

August 29, 2022 | seekingalpha.com

ResMed Stock: Rate Buy For Compelling Value (NYSE:RMD) - Seeking Alpha

August 17, 2022 | fool.com.au

Why 'the outlook is very bullish' for the Resmed share price: Tribeca - The Motley Fool Australia

August 16, 2022 | fool.com.au

Why this broker sees plenty of upside for the ResMed share price - The Motley Fool Australia

August 13, 2022 | au.finance.yahoo.com

Competitor Recall Continues To Show Opportunities For ResMed - Yahoo Finance Australia

August 12, 2022 | finance.yahoo.com

Competitor Recall Continues To Show Opportunities For ResMed

August 12, 2022 | benzinga.com

Competitor Recall Continues To Show Opportunities For ResMed - Benzinga

August 12, 2022 | finance.yahoo.com

ResMed (RMD) Q4 Earnings Beat Estimates, Gross Margin Up

August 12, 2022 | in.investing.com

ResMed Tops Q4 EPS by 4c By Investing.com - Investing.com India

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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RMD Company Calendar

Last Earnings: 8/11/2022
Ex-Dividend for 9/22 Dividend: 8/17/2022
Dividend Payable: 9/22/2022
Today: 10/01/2022
Next Earnings (Estimated): 10/27/2022
Fiscal Year End: 6/30/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Surgical & medical instruments
Sub-Industry: Health Care Equipment
Sector: Medical
Current Symbol: NYSE:RMD
CUSIP: 76115210
CIK: 943819
Web: www.resmed.com
Phone: (858) 836-5000
Fax: 858-836-5501
Employees: 8,160
Year Founded: 1989

Price Target and Rating

Average Stock Price Forecast: $266.40
High Stock Price Forecast: $280.00
Low Stock Price Forecast: $250.00
Forecasted Upside/Downside: +22.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.31
Trailing P/E Ratio: 41.11
Forward P/E Ratio: 33.28
P/E Growth: 3.14
Net Income: $779.44 million
Net Margins: 21.78%
Pretax Margin: 26.84%
Return on Equity: 26.56%
Return on Assets: 17.48%

Debt

Debt-to-Equity Ratio: 0.23
Current Ratio: 2.80
Quick Ratio: 1.72

Sales & Book Value

Annual Sales: $3.58 billion
Price / Sales: 8.93
Cash Flow: $7.14 per share
Price / Cash Flow: 30.59
Book Value: $22.97 per share
Price / Book: 9.50

Miscellaneous

Outstanding Shares: 146,430,000
Free Float: 144,346,000
Market Cap: $31.97 billion
Optionable: Optionable
Beta: 0.50

Social Links

Key Executives

Dr. Peter C. Farrell A.M. (Age 80)
AM, B.E., BE (Hons), Ph.D., ScD, Founder & Non-Exec. Chairman
Comp: $441.46k

Mr. Michael J. Farrell BE (Age 50)
MBA, SM, CEO & Director
Comp: $2.69M

Mr. Robert A. Douglas (Age 62)
Pres, COO and Interim Pres of Sleep & Respiratory Care
Comp: $1.94M

Mr. Brett A. Sandercock (Age 55)
Chief Financial Officer
Comp: $1.01M

Ms. Urvashi Tyagi
Chief Technology Officer

Mr. David B. Pendarvis (Age 63)
Chief Admin. Officer, Global Gen. Counsel & Corp. Sec.

Ms. Constance C. Bienfait
Director of Investor Relations

Ms. Amy Wakeham
VP of Investor Relations & Corp. Communications

Ms. Vered Keisar
Chief People Officer

Mr. Hemanth Reddy
Chief Strategy Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RMD Stock - Frequently Asked Questions

Should I buy or sell ResMed stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ResMed in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RMD shares.
View RMD analyst ratings or view top-rated stocks.
What is ResMed's stock price forecast for 2022?: 9 Wall Street analysts have issued 1 year price targets for ResMed's shares. Their RMD share price forecasts range from $250.00 to $280.00. On average, they anticipate the company's stock price to reach $266.40 in the next year. This suggests a possible upside of 22.0% from the stock's current price.
View analysts price targets for RMD or view top-rated stocks among Wall Street analysts.
How have RMD shares performed in 2022?: ResMed's stock was trading at $260.48 at the beginning of the year. Since then, RMD shares have decreased by 16.2% and is now trading at $218.30.
View the best growth stocks for 2022 here.
When is ResMed's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our RMD earnings forecast.
How were ResMed's earnings last quarter?: ResMed Inc. (NYSE:RMD) announced its quarterly earnings data on Thursday, August, 11th. The medical equipment provider reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.48 by $0.01. The medical equipment provider had revenue of $914.74 million for the quarter, compared to the consensus estimate of $912.53 million. ResMed had a net margin of 21.78% and a trailing twelve-month return on equity of 26.56%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.35 earnings per share.
Read the conference call transcript.
How often does ResMed pay dividends? What is the dividend yield for ResMed?: ResMed announced a quarterly dividend on Friday, August 12th. Investors of record on Thursday, August 18th will be paid a dividend of $0.44 per share on Thursday, September 22nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, August 17th. This is a positive change from the stock's previous quarterly dividend of $0.42.
Read our dividend analysis for RMD.

Is ResMed a good dividend stock?: ResMed (NYSE:RMD) pays an annual dividend of $1.76 per share and currently has a dividend yield of 0.81%. 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 33.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RMD will have a dividend payout ratio of 23.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RMD.
What is Mick Farrell's approval rating as ResMed's CEO?: 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.
What other stocks do shareholders of ResMed own?: 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).
What is ResMed's stock symbol?: ResMed trades on the New York Stock Exchange (NYSE) under the ticker symbol "RMD."
How do I buy shares of ResMed?: 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.
Compare Top Brokerages Here.
What is ResMed's stock price today?: One share of RMD stock can currently be purchased for approximately $218.30.
How much money does ResMed make?: ResMed (NYSE:RMD) has a market capitalization of $31.97 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 $5.31 on an earnings per share basis.
How many employees does ResMed have?: The company employs 8,160 workers across the globe.
How can I contact ResMed?: 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.

This page (NYSE:RMD) was last updated on 10/1/2022 by MarketBeat.com Staff

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ResMed - RMD Stock Forecast, Price & News

ResMed MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability