Zimmer Holdings Given “Neutral” Rating at Mizuho (ZMH)
Shares of Zimmer Holdings traded down 0.12% during mid-day trading on Wednesday, hitting $76.11. Zimmer Holdings has a one year low of $57.46 and a one year high of $76.75. The stock’s 50-day moving average is currently $74.92. The company has a market cap of $12.890 billion and a P/E ratio of 17.76.
Zimmer Holdings last released its earnings data on Thursday, January 31st. The company reported $1.51 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.49 by $0.02. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Zimmer Holdings has set its FY13 guidance at $5.65-5.85 EPS. Analysts expect that Zimmer Holdings will post $5.76 EPS for the current fiscal year.
A number of other firms have also recently commented on ZMH. Analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings in a research note to investors on Friday, February 15th. They now have a $80.00 price target on the stock. Separately, analysts at Argus upgraded shares of Zimmer Holdings from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, February 13th. They now have a $90.00 price target on the stock.
Ten investment analysts have rated the stock with a buy rating, two have assigned an overweight rating, twenty-one have assigned a hold rating, and one has assigned a sell rating to the company. The company currently has an average rating of “overweight” and an average target price of $77.96.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 26th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, March 26th. This is a positive change from Zimmer Holdings’s previous quarterly dividend of $0.18.
Zimmer Holdings, Inc. (Zimmer) designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, biologics, dental implants and related surgical products.
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