Zoetis Inc. (ZTS) Issues FY17 Earnings Guidance

Zoetis Inc. (NYSE:ZTS) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $2.34-$2.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.34. The company issued revenue guidance of $5.225-$5.275 billion, compared to the consensus revenue estimate of $5.20 billion.

Shares of Zoetis Inc. (NYSE:ZTS) traded up $3.94 during mid-day trading on Friday, hitting $68.46. The stock had a trading volume of 2,697,292 shares, compared to its average volume of 2,443,592. The company has a market cap of $32,799.38, a P/E ratio of 30.88 and a beta of 1.02.

Zoetis (NYSE:ZTS) last announced its earnings results on Thursday, November 2nd. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Zoetis had a return on equity of 66.15% and a net margin of 18.29%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. analysts predict that Zoetis Inc. will post 2.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Wednesday, November 8th. Zoetis’s payout ratio is presently 22.11%.

Several analysts have recently commented on ZTS shares. Stifel Nicolaus restated a buy rating and set a $65.00 target price on shares of Zoetis in a report on Friday, July 21st. Deutsche Bank AG restated a buy rating and set a $65.00 target price (up previously from $62.00) on shares of Zoetis in a report on Monday, July 17th. Cowen and Company set a $70.00 target price on Zoetis and gave the stock a buy rating in a report on Monday, July 17th. Cantor Fitzgerald reiterated a buy rating and issued a $75.00 price target on shares of Zoetis in a report on Wednesday, September 6th. Finally, Piper Jaffray Companies set a $73.00 price target on Zoetis and gave the company a buy rating in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $65.76.

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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.

Earnings History and Estimates for Zoetis (NYSE:ZTS)

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