Zimmer Holdings (ZMH) Posts Quarterly Earnings, Misses Estimates By $0.26 EPS
Zimmer Holdings (NYSE:ZMH) released its earnings data on Friday. The company reported $1.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.62 by $0.26, StockRatingsNetwork reports. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion.
Zimmer Holdings (NYSE:ZMH) opened at 93.04 on Friday. Zimmer Holdings has a 1-year low of $72.24 and a 1-year high of $97.86. The stock’s 50-day moving average is $93.9 and its 200-day moving average is $87.08. The company has a market cap of $15.908 billion and a price-to-earnings ratio of 23.63.
A number of analysts have recently weighed in on ZMH shares. Analysts at Brean Capital raised their price target on shares of Zimmer Holdings from $90.00 to $111.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. On a related note, analysts at Argus raised their price target on shares of Zimmer Holdings from $98.00 to $110.00 in a research note to investors on Thursday, January 16th. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Zimmer Holdings from $100.00 to $110.00 in a research note to investors on Thursday, January 9th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $91.76.
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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