Canaccord Genuity Raising PT and Estimates on ResMed (RMD); Solid Q4
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Price: $50.02 +0.60%
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
3 Buy, 5 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade RMD Now!
Canaccord Genuity maintains a 'Hold' on ResMed (NYSE: RMD) price target of $36.00 (from $32.00).
Analyst, Jason R. Mills, said, "While total revenue narrowly missed our estimate, it matched consensus. Most notably, operating performance was outstanding in FQ4, highlighted by the strongest GM in several quarters, solid OpEx control and announcement of a $0.17 dividend...Revising F2013 sales estimate to $1,506.9M from $1,509.5M but raising our EPS estimate to $2.01 (+13%) from $1.94. We’re also initiating quarterly F2013 EPS estimates of $0.43, $0.48, $0.52, and $0.58 and setting a F2014 EPS estimate of $2.24 (+11% Y/Y)."
For an analyst ratings summary and ratings history on ResMed click here. For more ratings news on ResMed click here.
Shares of ResMed closed at $31.83 yesterday, with a 52 week range of $23.37-$35.13.
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Analyst, Jason R. Mills, said, "While total revenue narrowly missed our estimate, it matched consensus. Most notably, operating performance was outstanding in FQ4, highlighted by the strongest GM in several quarters, solid OpEx control and announcement of a $0.17 dividend...Revising F2013 sales estimate to $1,506.9M from $1,509.5M but raising our EPS estimate to $2.01 (+13%) from $1.94. We’re also initiating quarterly F2013 EPS estimates of $0.43, $0.48, $0.52, and $0.58 and setting a F2014 EPS estimate of $2.24 (+11% Y/Y)."
For an analyst ratings summary and ratings history on ResMed click here. For more ratings news on ResMed click here.
Shares of ResMed closed at $31.83 yesterday, with a 52 week range of $23.37-$35.13.
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Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Dividend, Canaccord Genuity
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