Jefferies Group Weighs in on Zimmer Biomet Holdings Inc’s FY2017 Earnings (ZBH)

Zimmer Biomet Holdings Inc (NYSE:ZBH) – Stock analysts at Jefferies Group dropped their FY2017 earnings estimates for Zimmer Biomet Holdings in a note issued to investors on Wednesday. Jefferies Group analyst R. Denhoy now expects that the medical equipment provider will post earnings of $8.03 per share for the year, down from their prior forecast of $8.24. Jefferies Group has a “Buy” rating and a $136.00 price objective on the stock. Jefferies Group also issued estimates for Zimmer Biomet Holdings’ Q4 2017 earnings at $2.10 EPS, Q1 2018 earnings at $2.04 EPS, Q2 2018 earnings at $2.02 EPS, Q3 2018 earnings at $1.94 EPS, Q4 2018 earnings at $2.25 EPS and FY2018 earnings at $8.25 EPS.

Zimmer Biomet Holdings (NYSE:ZBH) last posted its quarterly earnings data on Wednesday, November 1st. The medical equipment provider reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($0.02). Zimmer Biomet Holdings had a net margin of 8.36% and a return on equity of 16.29%. The firm had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter last year, the firm earned $1.79 EPS. The company’s revenue was down .8% on a year-over-year basis.

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A number of other analysts have also recently commented on the stock. Stifel Nicolaus restated a “hold” rating and set a $120.00 price target on shares of Zimmer Biomet Holdings in a research note on Friday. Morgan Stanley dropped their price target on shares of Zimmer Biomet Holdings from $146.00 to $136.00 and set an “overweight” rating on the stock in a research note on Thursday. BMO Capital Markets dropped their price target on shares of Zimmer Biomet Holdings from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday. Piper Jaffray Companies cut shares of Zimmer Biomet Holdings from an “overweight” rating to a “neutral” rating in a research note on Thursday. Finally, SunTrust Banks, Inc. set a $136.00 price target on shares of Zimmer Biomet Holdings and gave the company a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Zimmer Biomet Holdings has an average rating of “Hold” and an average target price of $134.75.

Zimmer Biomet Holdings (NYSE ZBH) opened at $109.25 on Thursday. The firm has a market cap of $22.09 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.80 and a current ratio of 1.47. Zimmer Biomet Holdings has a 1 year low of $95.63 and a 1 year high of $133.49.

Large investors have recently modified their holdings of the company. MARSHALL WACE ASIA Ltd bought a new position in shares of Zimmer Biomet Holdings in the 1st quarter worth $38,621,000. Ingalls & Snyder LLC boosted its stake in shares of Zimmer Biomet Holdings by 2.6% in the 3rd quarter. Ingalls & Snyder LLC now owns 19,675 shares of the medical equipment provider’s stock valued at $2,304,000 after purchasing an additional 507 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of Zimmer Biomet Holdings in the 1st quarter valued at $403,000. Koch Industries Inc. boosted its stake in shares of Zimmer Biomet Holdings by 49,697.3% in the 2nd quarter. Koch Industries Inc. now owns 1,040,764 shares of the medical equipment provider’s stock valued at $1,033,000 after purchasing an additional 1,038,674 shares in the last quarter. Finally, Jensen Investment Management Inc. boosted its stake in shares of Zimmer Biomet Holdings by 24.2% in the 2nd quarter. Jensen Investment Management Inc. now owns 5,850 shares of the medical equipment provider’s stock valued at $751,000 after purchasing an additional 1,140 shares in the last quarter. 85.26% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Stockholders of record on Friday, September 22nd were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Thursday, September 21st. Zimmer Biomet Holdings’s payout ratio is 29.91%.

Zimmer Biomet Holdings 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 and Estimates for Zimmer Biomet Holdings (NYSE:ZBH)

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