Zoetis Inc. (ZTS) Plans Quarterly Dividend of $0.11
Zoetis Inc. (NYSE:ZTS) declared a quarterly dividend on Thursday, October 5th, RTT News reports. Stockholders of record on Thursday, November 9th will be given a dividend of 0.105 per share on Friday, December 1st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.66%.
Zoetis has raised its dividend by an average of 24.9% annually over the last three years and has raised its dividend every year for the last 3 years. Zoetis has a dividend payout ratio of 17.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Zoetis to earn $2.68 per share next year, which means the company should continue to be able to cover its $0.42 annual dividend with an expected future payout ratio of 15.7%.
Zoetis (NYSE:ZTS) traded up 0.28% during trading on Thursday, hitting $63.75. The stock had a trading volume of 2,345,538 shares. The company has a market cap of $31.18 billion, a P/E ratio of 36.04 and a beta of 1.02. The firm has a 50 day moving average of $63.27 and a 200-day moving average of $60.40. Zoetis has a one year low of $46.86 and a one year high of $65.83.
Zoetis (NYSE:ZTS) last posted its earnings results on Tuesday, August 8th. The company reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. Zoetis had a return on equity of 62.49% and a net margin of 17.50%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts anticipate that Zoetis will post $2.34 earnings per share for the current fiscal year.
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A number of equities research analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Zoetis in a research note on Wednesday, September 6th. Hilliard Lyons assumed coverage on Zoetis in a research note on Tuesday, June 20th. They issued a “buy” rating and a $77.00 price objective for the company. Zacks Investment Research cut Zoetis from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $62.00 price objective on shares of Zoetis in a research note on Monday, August 7th. Finally, Piper Jaffray Companies set a $73.00 price objective on Zoetis and gave the company a “buy” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Zoetis presently has an average rating of “Buy” and a consensus target price of $65.44.
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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