Zimmer Biomet (ZBH) Receiving Somewhat Favorable Press Coverage, Study Shows

Media stories about Zimmer Biomet (NYSE:ZBH) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Zimmer Biomet earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the medical equipment provider an impact score of 46.1826809880613 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

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Shares of ZBH traded up $1.58 during trading hours on Tuesday, hitting $108.82. 1,144,224 shares of the company were exchanged, compared to its average volume of 1,281,248. The firm has a market cap of $21,446.22, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.17. Zimmer Biomet has a fifty-two week low of $104.28 and a fifty-two week high of $133.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.81 and a current ratio of 1.50.

Zimmer Biomet (NYSE:ZBH) last released its earnings results on Tuesday, January 30th. The medical equipment provider reported $2.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.10. The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.03 billion. Zimmer Biomet had a return on equity of 15.45% and a net margin of 23.51%. Zimmer Biomet’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.14 EPS. research analysts predict that Zimmer Biomet will post 7.8 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, March 28th. Zimmer Biomet’s dividend payout ratio (DPR) is currently 11.96%.

A number of equities research analysts recently weighed in on ZBH shares. Canaccord Genuity restated a “hold” rating and issued a $125.00 price target on shares of Zimmer Biomet in a research note on Tuesday, December 19th. Goldman Sachs upgraded Zimmer Biomet from a “sell” rating to a “neutral” rating and set a $125.00 price target on the stock in a research note on Tuesday, December 19th. Citigroup dropped their price target on Zimmer Biomet from $132.00 to $121.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. ValuEngine upgraded Zimmer Biomet from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Oppenheimer reiterated a “buy” rating on shares of Zimmer Biomet in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Zimmer Biomet presently has a consensus rating of “Buy” and a consensus target price of $138.80.

In related news, insider Bryan C. Hanson bought 25,077 shares of Zimmer Biomet stock in a transaction dated Tuesday, February 20th. The shares were bought at an average cost of $119.68 per share, with a total value of $3,001,215.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Chad F. Phipps sold 20,826 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $115.95, for a total value of $2,414,774.70. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.

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About Zimmer Biomet

Zimmer Biomet Holdings, Inc, together with its subsidiaries, designs, manufactures, and markets musculoskeletal healthcare products and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates through four segments: Spine, less Asia Pacific; Office Based Technologies; Craniomaxillofacial and Thoracic; and Dental.

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