Zoetis (NYSE:ZTS) issued its earnings results on Thursday. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03, Bloomberg Earnings reports. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Zoetis had a net margin of 18.29% and a return on equity of 62.39%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Zoetis updated its FY18 guidance to $2.96-3.10 EPS.
Zoetis (NYSE:ZTS) opened at $78.71 on Thursday. The firm has a market cap of $35,688.99, a price-to-earnings ratio of 39.19, a P/E/G ratio of 1.62 and a beta of 1.07. The company has a debt-to-equity ratio of 2.45, a current ratio of 2.80 and a quick ratio of 1.95. Zoetis has a one year low of $52.00 and a one year high of $80.60.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, April 20th will be paid a $0.126 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, April 19th. Zoetis’s payout ratio is presently 26.32%.
A number of hedge funds and other institutional investors have recently made changes to their positions in ZTS. Shelton Capital Management acquired a new position in shares of Zoetis during the 2nd quarter worth about $232,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Zoetis during the 2nd quarter worth about $917,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Zoetis by 51.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,041 shares of the company’s stock worth $1,936,000 after buying an additional 10,539 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its stake in shares of Zoetis by 7.3% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 5,901 shares of the company’s stock worth $368,000 after buying an additional 401 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in shares of Zoetis by 82.4% during the 2nd quarter. Advisory Services Network LLC now owns 3,829 shares of the company’s stock worth $239,000 after buying an additional 1,730 shares during the last quarter. 93.72% of the stock is owned by hedge funds and other institutional investors.
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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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