Equities Analysts Offer Predictions for Zimmer Biomet Holdings Inc’s FY2017 Earnings (ZBH)

Zimmer Biomet Holdings Inc (NYSE:ZBH) – Stock analysts at Cantor Fitzgerald issued their FY2017 earnings estimates for shares of Zimmer Biomet in a research note issued on Sunday. Cantor Fitzgerald analyst C. Bijou expects that the medical equipment provider will post earnings of $8.03 per share for the year. Cantor Fitzgerald has a “Overweight” rating on the stock. Cantor Fitzgerald also issued estimates for Zimmer Biomet’s FY2018 earnings at $8.15 EPS.

Zimmer Biomet (NYSE:ZBH) last announced its quarterly earnings data on Wednesday, November 1st. The medical equipment provider reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.02). The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.83 billion. Zimmer Biomet had a net margin of 8.36% and a return on equity of 16.29%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter last year, the firm posted $1.79 EPS.

A number of other brokerages have also recently weighed in on ZBH. Canaccord Genuity restated a “hold” rating and issued a $132.00 price objective on shares of Zimmer Biomet in a report on Friday, January 5th. Morgan Stanley dropped their price objective on shares of Zimmer Biomet from $146.00 to $136.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. BMO Capital Markets dropped their price objective on shares of Zimmer Biomet from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Piper Jaffray Companies cut shares of Zimmer Biomet from an “overweight” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, SunTrust Banks set a $136.00 price objective on shares of Zimmer Biomet and gave the company a “buy” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Zimmer Biomet has an average rating of “Buy” and an average target price of $137.42.

Zimmer Biomet (NYSE:ZBH) opened at $124.19 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.47 and a debt-to-equity ratio of 0.88. The firm has a market cap of $25,150.00, a P/E ratio of 38.69, a P/E/G ratio of 1.96 and a beta of 1.15. Zimmer Biomet has a twelve month low of $108.03 and a twelve month high of $133.49.

A number of institutional investors have recently modified their holdings of the stock. QUANTRES ASSET MANAGEMENT Ltd lifted its stake in Zimmer Biomet by 547.4% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 12,300 shares of the medical equipment provider’s stock worth $1,484,000 after acquiring an additional 10,400 shares during the last quarter. Atlantic Trust Group LLC lifted its stake in Zimmer Biomet by 32.2% in the third quarter. Atlantic Trust Group LLC now owns 28,171 shares of the medical equipment provider’s stock worth $3,298,000 after acquiring an additional 6,860 shares during the last quarter. AXA lifted its stake in Zimmer Biomet by 26.3% in the third quarter. AXA now owns 412,845 shares of the medical equipment provider’s stock worth $48,340,000 after acquiring an additional 85,861 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Zimmer Biomet in the third quarter worth approximately $140,000. Finally, Jana Partners LLC lifted its stake in Zimmer Biomet by 16.6% in the third quarter. Jana Partners LLC now owns 4,662,497 shares of the medical equipment provider’s stock worth $545,932,000 after acquiring an additional 662,497 shares during the last quarter. Institutional investors own 85.92% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.96 dividend on an annualized basis and a yield of 0.77%. Zimmer Biomet’s dividend payout ratio is currently 29.91%.

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Zimmer Biomet Company Profile

Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.

Earnings History and Estimates for Zimmer Biomet (NYSE:ZBH)

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