Zoetis Inc. (NYSE:ZTS) – Research analysts at Jefferies Group reduced their FY2018 earnings estimates for shares of Zoetis in a research note issued to investors on Thursday. Jefferies Group analyst J. Holford now expects that the firm will post earnings per share of $2.78 for the year, down from their prior forecast of $2.79. Jefferies Group has a “Buy” rating and a $63.00 price target on the stock. Jefferies Group also issued estimates for Zoetis’ FY2019 earnings at $3.18 EPS and FY2020 earnings at $3.59 EPS.
Other analysts also recently issued research reports about the company. Argus increased their target price on Zoetis from $54.00 to $58.00 and gave the company a “below average” rating in a research note on Friday, September 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $58.00 price objective on shares of Zoetis in a research report on Wednesday, October 12th. Bank of America Corp. started coverage on Zoetis in a research report on Thursday, September 29th. They issued a “buy” rating and a $60.00 price objective for the company. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective on shares of Zoetis in a research report on Monday, July 18th. Finally, Barclays PLC raised their price objective on Zoetis from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 4th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.50.
Zoetis (NYSE:ZTS) opened at 50.18 on Monday. Zoetis has a 1-year low of $38.26 and a 1-year high of $53.14. The stock has a 50 day moving average price of $51.25 and a 200 day moving average price of $49.01. The company has a market cap of $24.84 billion, a PE ratio of 39.08 and a beta of 1.00.
Zoetis (NYSE:ZTS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. Zoetis had a return on equity of 77.58% and a net margin of 13.15%. The company earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in ZTS. NEXT Financial Group Inc boosted its stake in shares of Zoetis by 9.5% in the second quarter. NEXT Financial Group Inc now owns 2,136 shares of the company’s stock worth $101,000 after buying an additional 186 shares during the period. Kelly Lawrence W & Associates Inc. CA boosted its stake in shares of Zoetis by 113.4% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 2,446 shares of the company’s stock worth $116,000 after buying an additional 1,300 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Zoetis by 22.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,566 shares of the company’s stock worth $121,000 after buying an additional 476 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Zoetis during the first quarter worth approximately $118,000. Finally, Glenmede Trust Co. NA boosted its stake in shares of Zoetis by 4.4% in the second quarter. Glenmede Trust Co. NA now owns 2,950 shares of the company’s stock worth $139,000 after buying an additional 124 shares during the period. 93.14% of the stock is owned by institutional investors.
In other news, insider Andrew Fenton sold 13,870 shares of Zoetis stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $51.25, for a total value of $710,837.50. Following the completion of the sale, the insider now directly owns 17,719 shares of the company’s stock, valued at approximately $908,098.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael B. Mccallister bought 2,000 shares of the stock in a transaction dated Tuesday, September 6th. The stock was purchased at an average cost of $51.34 per share, with a total value of $102,680.00. The disclosure for this purchase can be found here. 0.05% of the stock is owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 3rd will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, November 1st. This represents a $0.38 dividend on an annualized basis and a yield of 0.76%. Zoetis’s dividend payout ratio is 29.69%.