$0.63 EPS Expected for Zoetis Inc. (ZTS) This Quarter
Equities analysts predict that Zoetis Inc. (NYSE:ZTS) will announce earnings per share (EPS) of $0.63 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Zoetis’ earnings, with estimates ranging from $0.62 to $0.64. Zoetis reported earnings of $0.52 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 21.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.
On average, analysts expect that Zoetis will report full year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.30 to $2.37. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.68 per share, with EPS estimates ranging from $2.59 to $2.74. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Zoetis.
Zoetis (NYSE:ZTS) last announced its earnings results on Tuesday, August 8th. The company reported $0.53 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. Zoetis had a net margin of 17.50% and a return on equity of 62.49%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis.
A number of analysts have recently commented on the company. Cowen and Company set a $70.00 target price on Zoetis and gave the stock a “buy” rating in a research note on Monday, July 17th. BMO Capital Markets downgraded Zoetis from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $64.00 to $65.00 in a research note on Tuesday, June 13th. They noted that the move was a valuation call. Cantor Fitzgerald set a $75.00 price target on Zoetis and gave the stock a “buy” rating in a research report on Monday, August 14th. CL King began coverage on Zoetis in a research report on Friday, May 26th. They set a “buy” rating and a $71.00 price target on the stock. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $65.00 price target on shares of Zoetis in a research report on Friday, July 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $65.44.
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Zoetis (ZTS) traded down 0.23% during trading on Friday, reaching $64.70. 2,608,157 shares of the company were exchanged. The firm’s 50 day moving average price is $61.87 and its 200-day moving average price is $58.97. The stock has a market capitalization of $31.65 billion, a price-to-earnings ratio of 36.57 and a beta of 1.02. Zoetis has a one year low of $46.86 and a one year high of $65.12.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gladstone Capital Management LLP purchased a new position in Zoetis in the second quarter valued at $3,134,000. Swiss National Bank boosted its holdings in Zoetis by 8.1% in the second quarter. Swiss National Bank now owns 1,796,380 shares of the company’s stock valued at $112,058,000 after purchasing an additional 133,900 shares during the period. Harbour Capital Advisors LLC boosted its holdings in Zoetis by 19.8% in the first quarter. Harbour Capital Advisors LLC now owns 20,005 shares of the company’s stock valued at $1,068,000 after purchasing an additional 3,300 shares during the period. Hermes Investment Management Ltd. boosted its holdings in Zoetis by 80.3% in the second quarter. Hermes Investment Management Ltd. now owns 236,350 shares of the company’s stock valued at $14,744,000 after purchasing an additional 105,276 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Zoetis by 8.2% in the second quarter. Wells Fargo & Company MN now owns 5,113,948 shares of the company’s stock valued at $319,008,000 after purchasing an additional 389,260 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.
Zoetis Company Profile
Zoetis Inc is engaged in the discovery, development, manufacture and commercialization of animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company has a business, commercializing products across eight core species: cattle, swine, poultry, sheep and fish (collectively, livestock) and dogs, cats and horses (collectively, companion animals), and within five product categories: anti-infectives, vaccines, parasiticides, medicated feed additives and other pharmaceuticals.
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