Zimmer Holdings, Inc. Declares Quarterly Dividend of $0.22 (ZMH)
Zimmer Holdings (NYSE:ZMH) announced a quarterly dividend on Friday, May 23rd, Analyst Ratings News reports. Shareholders of record on Friday, June 27th will be paid a dividend of 0.22 per share on Friday, July 25th. This represents a $0.88 annualized dividend and a dividend yield of 0.86%.
A number of research firms have recently commented on ZMH. Analysts at Summer Street upgraded shares of Zimmer Holdings from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $133.00 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Zimmer Holdings from $110.00 to $125.00 in a research note on Friday, May 16th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings in a research note on Thursday, May 15th. They now have a $106.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $107.20.
Shares of Zimmer Holdings (NYSE:ZMH) opened at 101.77 on Friday. Zimmer Holdings has a 52 week low of $74.55 and a 52 week high of $108.33. The stock’s 50-day moving average is $97.32 and its 200-day moving average is $94.3. The company has a market cap of $17.079 billion and a P/E ratio of 22.86. Zimmer Holdings also saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 2,471,377 shares, a decrease of 38.0% from the April 15th total of 3,984,759 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 3,049,244 shares, the short-interest ratio is currently 0.8 days.
Zimmer Holdings (NYSE:ZMH) last announced its earnings results on Thursday, April 24th. The company reported $1.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.47 by $0.03. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. On average, analysts predict that Zimmer Holdings will post $6.12 earnings per share for the current fiscal year.
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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