Zimmer Biomet Holdings, Inc. (ZBH) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS
Zimmer Biomet Holdings, Inc. (NYSE:ZBH) announced its quarterly earnings data on Monday. The medical equipment provider reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Zimmer Biomet Holdings had a net margin of 9.12% and a return on equity of 16.70%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the company posted $1.79 EPS.
Zimmer Biomet Holdings (ZBH) traded down 4.48% on Wednesday, hitting $116.17. 2,680,500 shares of the stock were exchanged. Zimmer Biomet Holdings has a 1-year low of $95.63 and a 1-year high of $133.49. The company’s 50 day moving average is $118.31 and its 200 day moving average is $120.47. The stock has a market cap of $23.49 billion, a PE ratio of 33.09 and a beta of 1.19.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 22nd were given a $0.24 dividend. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. Zimmer Biomet Holdings’s payout ratio is currently 27.59%.
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Several equities analysts recently commented on ZBH shares. Zacks Investment Research lowered shares of Zimmer Biomet Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $136.00 price target on shares of Zimmer Biomet Holdings in a research report on Tuesday, July 11th. Wells Fargo & Company reaffirmed a “market weight” rating on shares of Zimmer Biomet Holdings in a research report on Friday, July 14th. Morgan Stanley upped their price target on shares of Zimmer Biomet Holdings from $137.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $125.00 price target on shares of Zimmer Biomet Holdings in a research report on Friday, July 14th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $136.55.
About Zimmer Biomet Holdings
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.
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