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.

Zoetis Inc. (NYSE:ZTS) traded down $0.17 during mid-day trading on Friday, hitting $69.13. The stock had a trading volume of 1,905,700 shares, compared to its average volume of 2,817,385. The company has a quick ratio of 1.95, a current ratio of 2.80 and a debt-to-equity ratio of 2.45. The stock has a market capitalization of $33,769.08, a price-to-earnings ratio of 31.79, a PEG ratio of 2.03 and a beta of 1.02. Zoetis Inc. has a 1-year low of $48.24 and a 1-year high of $70.48.

Zoetis (NYSE:ZTS) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The business 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 revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. equities research analysts forecast that Zoetis Inc. will post 2.36 earnings per share for the current fiscal year.

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

A number of research analysts have commented on ZTS shares. Zacks Investment Research upgraded Zoetis from a hold rating to a buy rating and set a $71.00 price target on the stock in a research note on Thursday, October 12th. Cantor Fitzgerald restated a buy rating and set a $75.00 price target on shares of Zoetis in a research note on Wednesday, September 6th. BidaskClub cut Zoetis from a hold rating to a sell rating in a research note on Friday, October 6th. Morgan Stanley upped their price target on Zoetis from $61.00 to $70.00 and gave the stock an equal weight rating in a research note on Friday, November 3rd. Finally, Goldman Sachs Group, Inc. (The) restated a neutral rating and set a $62.00 price target on shares of Zoetis in a research note on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Zoetis presently has an average rating of Buy and a consensus target price of $67.06.

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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.

Earnings History and Estimates for Zoetis (NYSE:ZTS)

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