Wall Street brokerages expect that Zoetis Inc (NYSE:ZTS) will post earnings per share (EPS) of $0.66 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Zoetis’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.69. Zoetis reported earnings per share of $0.47 during the same quarter last year, which would suggest a positive year-over-year growth rate of 40.4%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, February 15th.

On average, analysts expect that Zoetis will report full-year earnings of $2.37 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.40. For the next year, analysts expect that the firm will post earnings of $2.81 per share, with EPS estimates ranging from $2.69 to $3.06. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Zoetis.

Zoetis (NYSE:ZTS) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Zoetis had a net margin of 18.29% and a return on equity of 62.39%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Zoetis from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Thursday, October 12th. BidaskClub downgraded shares of Zoetis from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. BMO Capital Markets lifted their target price on shares of Zoetis to $78.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 9th. Craig Hallum reaffirmed a “buy” rating and issued a $85.00 target price (up previously from $77.00) on shares of Zoetis in a research report on Tuesday, January 2nd. Finally, Cantor Fitzgerald set a $85.00 target price on shares of Zoetis and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $71.94.

Several hedge funds have recently modified their holdings of ZTS. Northwestern Mutual Wealth Management Co. grew its position in shares of Zoetis by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,598 shares of the company’s stock valued at $100,000 after acquiring an additional 230 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Zoetis during the 3rd quarter valued at $114,000. Harfst & Associates Inc. grew its position in shares of Zoetis by 16.1% during the 2nd quarter. Harfst & Associates Inc. now owns 1,878 shares of the company’s stock valued at $117,000 after acquiring an additional 260 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its position in shares of Zoetis by 251.9% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the company’s stock valued at $121,000 after acquiring an additional 1,360 shares during the period. Finally, Shine Investment Advisory Services Inc. lifted its stake in shares of Zoetis by 86.5% during the 3rd quarter. Shine Investment Advisory Services Inc. now owns 2,242 shares of the company’s stock valued at $143,000 after buying an additional 1,040 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Zoetis (NYSE:ZTS) traded up $0.80 during midday trading on Monday, reaching $75.39. 1,902,500 shares of the company were exchanged, compared to its average volume of 1,960,000. Zoetis has a 52 week low of $52.00 and a 52 week high of $75.69. The stock has a market cap of $36,740.00, a price-to-earnings ratio of 39.68, a P/E/G ratio of 1.90 and a beta of 1.06. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.95 and a current ratio of 2.80.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, January 19th will be given a dividend of $0.126 per share. This is an increase from Zoetis’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.67%. Zoetis’s payout ratio is presently 22.11%.

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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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Earnings History and Estimates for Zoetis (NYSE:ZTS)

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