Zoetis Inc. (ZTS) Releases FY17 Earnings Guidance
Zoetis Inc. (NYSE:ZTS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.34-$2.39 for the period, compared to the Thomson Reuters consensus estimate of $2.34. The company issued revenue guidance of $5.225-$5.275 billion, compared to the consensus revenue estimate of $5.20 billion.
Zoetis (NYSE:ZTS) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.03. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Zoetis had a return on equity of 62.49% and a net margin of 17.50%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 9th will be paid a $0.105 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.42 annualized dividend and a dividend yield of 0.66%. Zoetis’s payout ratio is currently 23.73%.
Several analysts recently weighed in on ZTS shares. Cowen and Company set a $60.00 price target on Zoetis and gave the stock a buy rating in a research note on Tuesday, July 11th. Deutsche Bank AG restated a buy rating and issued a $65.00 price target (up previously from $62.00) on shares of Zoetis in a research note on Monday, July 17th. Stifel Nicolaus restated a buy rating and issued a $65.00 price target on shares of Zoetis in a research note on Friday, July 21st. Goldman Sachs Group, Inc. (The) restated a neutral rating and issued a $62.00 price target on shares of Zoetis in a research note on Monday, August 7th. Finally, Cantor Fitzgerald set a $75.00 price target on Zoetis and gave the stock a buy rating in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $65.76.
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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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