Zimmer Biomet (ZBH) to Release Earnings on Monday

Zimmer Biomet (NYSE:ZBH) is scheduled to release its earnings data on Monday, January 29th. Zimmer Biomet has set its Q4 guidance at $2.08-$2.14 EPS and its FY17 guidance at $8.01-$8.07 EPS.

Zimmer Biomet (NYSE:ZBH) last issued its earnings results on Wednesday, November 1st. The medical equipment provider reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.02). The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Zimmer Biomet had a return on equity of 16.29% and a net margin of 8.36%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $1.79 earnings per share. On average, analysts expect Zimmer Biomet to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Zimmer Biomet (ZBH) opened at $123.48 on Monday. The stock has a market capitalization of $25,001.37, a P/E ratio of 38.83, a PEG ratio of 1.92 and a beta of 1.15. Zimmer Biomet has a one year low of $108.03 and a one year high of $133.49. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.78 and a current ratio of 1.47.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, December 28th. Zimmer Biomet’s dividend payout ratio is currently 30.19%.

ZBH has been the topic of a number of research reports. Deutsche Bank upgraded Zimmer Biomet from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Tuesday, November 14th. Edward Jones upgraded Zimmer Biomet from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. SunTrust Banks set a $136.00 price target on Zimmer Biomet and gave the stock a “buy” rating in a report on Wednesday, November 1st. Jefferies Group restated a “buy” rating and issued a $136.00 price target on shares of Zimmer Biomet in a report on Friday, November 3rd. Finally, BMO Capital Markets restated a “buy” rating and issued a $142.00 price target on shares of Zimmer Biomet in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $137.42.

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Zimmer Biomet Company Profile

Zimmer Biomet Holdings, Inc is engaged in designing, manufacturing and marketing of orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants, and related surgical products.

Earnings History for Zimmer Biomet (NYSE:ZBH)

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