Equities analysts expect that Zoetis Inc (NYSE:ZTS) will post $1.41 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Zoetis’ earnings. The lowest sales estimate is $1.39 billion and the highest is $1.42 billion. Zoetis reported sales of $1.28 billion in the same quarter last year, which indicates a positive year over year growth rate of 10.2%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 15th.

On average, analysts expect that Zoetis will report full-year sales of $1.41 billion for the current year, with estimates ranging from $5.24 billion to $5.27 billion. For the next year, analysts forecast that the firm will post sales of $5.63 billion per share, with estimates ranging from $5.57 billion to $5.69 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Zoetis.

Zoetis (NYSE:ZTS) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Zoetis had a return on equity of 62.39% and a net margin of 18.29%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company posted $0.52 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis.

ZTS has been the topic of a number of research reports. Morgan Stanley raised Zoetis from an “equal weight” rating to an “overweight” rating and set a $80.00 price target on the stock in a report on Wednesday, November 29th. Jefferies Group reaffirmed a “buy” rating on shares of Zoetis in a report on Friday, November 10th. Zacks Investment Research lowered Zoetis from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. BidaskClub raised Zoetis from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, Cantor Fitzgerald set a $80.00 price objective on Zoetis and gave the company a “buy” rating in a report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.00.

Zoetis (NYSE ZTS) opened at $75.54 on Wednesday. The company has a current ratio of 2.80, a quick ratio of 1.95 and a debt-to-equity ratio of 2.45. Zoetis has a twelve month low of $52.00 and a twelve month high of $76.40. The stock has a market capitalization of $36,810.00, a PE ratio of 39.76, a P/E/G ratio of 1.90 and a beta of 1.06.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, January 19th will be paid a dividend of $0.126 per share. This is a positive change from Zoetis’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, January 18th. This represents a $0.50 annualized dividend and a dividend yield of 0.67%. Zoetis’s payout ratio is 22.11%.

Several large investors have recently made changes to their positions in ZTS. Franklin Resources Inc. boosted its stake in shares of Zoetis by 7.7% during the 2nd quarter. Franklin Resources Inc. now owns 11,349 shares of the company’s stock worth $708,000 after acquiring an additional 816 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Zoetis by 16.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,598 shares of the company’s stock worth $100,000 after acquiring an additional 230 shares in the last quarter. Fiera Capital Corp purchased a new stake in shares of Zoetis during the 2nd quarter worth approximately $1,184,000. BT Investment Management Ltd purchased a new stake in shares of Zoetis during the 2nd quarter worth approximately $565,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Zoetis by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 188,266 shares of the company’s stock worth $11,745,000 after acquiring an additional 8,528 shares in the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.

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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.

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Earnings History and Estimates for Zoetis (NYSE:ZTS)

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