Zimmer Holdings Receives “Buy” Rating from Argus (ZMH)
Zimmer Holdings (NYSE: ZMH) traded down 0.76% on Thursday, hitting $72.65. Zimmer Holdings has a 1-year low of $57.46 and a 1-year high of $76.75. The stock’s 50-day moving average is currently $74.80. The company has a market cap of $12.304 billion and a price-to-earnings ratio of 17.07.
Zimmer Holdings (NYSE: ZMH) last released its earnings data on Thursday, January 31st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $1.36 earnings per share. Zimmer Holdings’s revenue was up 1.2% compared to the same quarter last year. Zimmer Holdings has set its FY13 guidance at $5.65-5.85 EPS. On average, analysts predict that Zimmer Holdings will post $5.76 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ZMH. Analysts at Mizuho reiterated a “neutral” rating on shares of Zimmer Holdings in a research note to investors on Wednesday, March 13th. They now have a $75.00 price target on the stock. Separately, 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. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Zimmer Holdings in a research note to investors on Monday, February 4th. They now have a $77.00 price target on the stock.
Fourteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Zimmer Holdings presently has a consensus rating of “Hold” and a consensus target price of $75.05.
The company also recently declared a quarterly dividend, which is scheduled for Friday, April 26th. Shareholders of record on Friday, March 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, March 26th. This is a positive change from Zimmer Holdings’s previous quarterly dividend of $0.18.
Zimmer Holdings, Inc. (NYSE: ZMH) designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, biologics, dental implants and related surgical products.
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