Zimmer Holdings Sees Large Drop in Short Interest (ZMH)
Shares of Zimmer Holdings (NYSE:ZMH) saw a large drop in short interest in April. As of April 30th, there was short interest totalling 2,471,377 shares, a drop of 38.0% from the April 15th total of 3,984,759 shares, American Banking & Market News reports. Based on an average daily volume of 3,049,244 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.5% of the shares of the company are sold short.
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, May 19th. They now have a $133.00 price target on the stock. Separately, 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Zimmer Holdings currently has a consensus rating of “Buy” and an average target price of $107.20.
Zimmer Holdings (NYSE:ZMH) opened at 101.84 on Tuesday. 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 $97.47 and its 200-day moving average is $94.40. The company has a market cap of $17.091 billion and a P/E ratio of 22.92.
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.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 25th. Stockholders of record on Friday, June 27th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, June 25th.
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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