ResMed (NYSE:RMD) posted its quarterly earnings results on Monday. The medical equipment provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.22, Bloomberg Earnings reports. ResMed had a net margin of 16.58% and a return on equity of 21.53%. The business had revenue of $601.27 million during the quarter, compared to analyst estimates of $583.77 million. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis.
ResMed (NYSE:RMD) traded down $1.17 during trading on Monday, hitting $87.51. 1,087,658 shares of the stock were exchanged, compared to its average volume of 518,377. The company has a current ratio of 4.72, a quick ratio of 3.86 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $12,584.04, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.24 and a beta of 0.79. ResMed has a one year low of $62.64 and a one year high of $89.72.
Several research firms have issued reports on RMD. Zacks Investment Research lowered shares of ResMed from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets upped their price target on shares of ResMed to $82.00 and gave the company a “market perform” rating in a research report on Tuesday, December 12th. JPMorgan Chase & Co. upped their price target on shares of ResMed from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Barclays upped their price target on shares of ResMed from $68.00 to $70.00 and gave the company an “underweight” rating in a research report on Friday, October 27th. Finally, Northland Securities restated a “sell” rating and set a $55.00 price target on shares of ResMed in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. ResMed presently has an average rating of “Hold” and a consensus price target of $70.57.
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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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