Zimmer Holdings Inc. (ZMH) Updates FY13 Earnings Guidance
Zimmer Holdings Inc. (NYSE:ZMH) updated its FY13 earnings guidance on Thursday. The company provided earnings per share guidance of ~$5.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.74, AnalystRatings.NET reports.
Zimmer Holdings Inc. (NYSE:ZMH) opened at 89.90 on Thursday. Zimmer Holdings Inc. has a 1-year low of $61.58 and a 1-year high of $85.08. The stock’s 50-day moving average is $81.18 and its 200-day moving average is $77.98. The company has a market cap of $15.242 billion and a price-to-earnings ratio of 22.13.
Zimmer Holdings (NYSE:ZMH) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.01. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that Zimmer Holdings Inc. will post $5.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Investors of record on Friday, September 27th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, September 25th.
A number of analysts have recently weighed in on ZMH shares. Analysts at Credit Suisse upgraded shares of Zimmer Holdings from a neutral rating to an outperform rating in a research note to investors on Tuesday. They now have a $100.00 price target on the stock, up previously from $90.00. On a related note, analysts at RBC Capital upgraded shares of Zimmer Holdings from a sector perform rating to an outperform rating in a research note to investors on Monday, September 23rd. They now have a $98.00 price target on the stock, up previously from $88.00. They noted that the move was a valuation call. Finally, analysts at Barclays reiterated an overweight rating on shares of Zimmer Holdings in a research note to investors on Wednesday, August 14th. They now have a $90.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. Zimmer Holdings currently has a consensus rating of Hold and an average target price of $84.82.
Zimmer Holdings, Inc (NYSE:ZMH) designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, biologics, dental implants and related surgical products.
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