Gabelli Research Analysts Boost Earnings Estimates for Zoetis Inc (ZTS)

Zoetis Inc (NYSE:ZTS) – Investment analysts at Gabelli increased their FY2018 earnings per share (EPS) estimates for Zoetis in a report released on Tuesday, Zacks Investment Research reports. Gabelli analyst K. Kedra now anticipates that the company will earn $3.00 per share for the year, up from their previous forecast of $2.75. Gabelli also issued estimates for Zoetis’ FY2019 earnings at $3.45 EPS, FY2020 earnings at $3.85 EPS and FY2021 earnings at $4.30 EPS.

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

Other analysts also recently issued reports about the company. Cantor Fitzgerald restated a “buy” rating and issued a $75.00 target price on shares of Zoetis in a research note on Tuesday, September 26th. BidaskClub downgraded Zoetis from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 20th. Zacks Investment Research upgraded Zoetis from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Thursday, October 12th. Stifel Nicolaus restated a “buy” rating and issued a $65.00 target price on shares of Zoetis in a research note on Tuesday, October 24th. Finally, Jefferies Group restated a “buy” rating on shares of Zoetis in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.00.

Shares of Zoetis (NYSE:ZTS) traded up $1.47 on Wednesday, hitting $77.01. The stock had a trading volume of 1,520,000 shares, compared to its average volume of 1,960,000. 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 has a market cap of $37,530.00, a P/E ratio of 40.53, a PEG ratio of 1.90 and a beta of 1.06. Zoetis has a 12 month low of $52.00 and a 12 month high of $77.02.

A number of hedge funds have recently added to or reduced their stakes in ZTS. Northwestern Mutual Wealth Management Co. boosted its stake in 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 purchasing an additional 230 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Zoetis in the 3rd quarter worth approximately $114,000. Harfst & Associates Inc. boosted its stake in shares of Zoetis by 16.1% in the 2nd quarter. Harfst & Associates Inc. now owns 1,878 shares of the company’s stock worth $117,000 after buying an additional 260 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of Zoetis by 251.9% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,900 shares of the company’s stock worth $121,000 after buying an additional 1,360 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. boosted its stake in shares of Zoetis by 86.5% in the 3rd quarter. Shine Investment Advisory Services Inc. now owns 2,242 shares of the company’s stock worth $143,000 after buying an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, January 19th will be paid a dividend of $0.126 per share. The ex-dividend date is Thursday, January 18th. This represents a $0.50 dividend on an annualized basis and a yield of 0.65%. This is an increase from Zoetis’s previous quarterly dividend of $0.11. Zoetis’s payout ratio is 22.11%.

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About Zoetis

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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