This represents a $0.96 dividend on an annualized basis and a yield of 0.86%. The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023. Use these ten stocks to generate a safe and reliable source of investment income. Fourth quarter net sales from continuing operations of $1.825 billion increased 2.7% and 8.3% on a constant currency1 basis Fourth quarter diluted loss per share from continuing operations was $0.62; …
- In addition, insurance and hospital reimbursement policy changes could also impact the demand for Zimmer Biomet’s products.
- The company has reported increased revenue and profit margin for the past several years while also reporting a debt-to-equity ratio indicating a relatively low debt level.
- Over the past few years, Zimmer Biomet has reported steady financial performance.
- Fourth quarter net sales from continuing operations of $1.825 billion increased 2.7% and 8.3% on a constant currency1 basis Fourth quarter diluted loss per share from continuing operations was $0.62; …
- A great way to understand a company’s financial strength is by looking at its cash-to-debt ratio and interest coverage.
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Sales & Book Value
DaVita, sporting a Zacks Rank #1 (Strong Buy) at present, has an estimated long-term growth rate of 12.7%. DVA’s earnings surpassed estimates in three of the trailing four quarters and missed once, with an average surprise of 21.4%. The orthopedic industry is highly competitive, with a few major players dominating the market. Zimmer Biomet is one of the largest forex trading for beginners companies in the industry, with a strong presence in the joint reconstruction, spine, dental, and sports medicine markets. The industry is also highly regulated, with various regulatory bodies overseeing the safety and efficacy of medical devices. Zimmer Biomet has a track record of complying with regulatory requirements and maintaining high-quality standards.
Another risk facing Zimmer Biomet is the potential for increased competition. While the company is one of the most significant players in the orthopedic industry, it faces competition from other established companies and new entrants. To maintain its market position, Zimmer Biomet must continue to innovate and invest in research and development.
Approximately 70% of its revenue comes from sales of large joints, while the remaining quarter is derived from extremities, trauma, and related surgical products. Over the past few years, Zimmer Biomet has reported forex trading tools steady financial performance. The company has reported increased revenue and profit margin for the past several years while also reporting a debt-to-equity ratio indicating a relatively low debt level.
Is Zimmer Biomet Holdings Modestly Undervalued? A Comprehensive Analysis
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Stock Money Flow
Integer Holdings, carrying a Zacks Rank #2 at present, has an estimated long-term growth rate of 12.1%. ITGR’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 8.4%. HealthEquity, carrying a Zacks Rank #2 (Buy) at present, has an estimated long-term growth rate of 23.5%. HQY’s earnings surpassed estimates in all the trailing four quarters, with an average of 13%. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries.
Open to Public Investing is a wholly-owned subsidiary of Public Holdings, Inc. (“Public Holdings”). This is not an offer, solicitation of an offer, or advice to buy or sell securities or open a brokerage account in any jurisdiction where Open to the Public Investing is not registered. Securities products offered by Open to the Public Investing are not FDIC insured. Apex Clearing Corporation, our clearing firm, has additional insurance coverage in excess of the regular SIPC limits. GuruFocus research has found that growth is closely correlated with the long-term stock performance of a company.
Zimmer Biomet to Present at Goldman Sachs CEOs Unscripted Conference and 41st Annual J.P. Morgan Healthcare Conference
In 2021, the company also announced a share repurchase program of up to $1 billion, demonstrating its commitment to returning value to shareholders. Investing in profitable companies, Trading central especially those with consistent profitability over the long term, is less risky. Companies with high-profit margins are usually safer investments than those with low-profit margins.
Additionally, Zimmer Biomet’s executive team includes Chief Financial Officer Suketu Upadhyay and Chief Operating Officer Ivan Tornos. Some of the biggest medical device companies’ stocks have dropped to attractive prices due to the current COVID-19 pandemic. First quarter net sales of $1.831 billion increased 10.1% and 13.2% on a constant currency1 basis First quarter diluted earnings per share were $1.11; adjusted1 diluted earnings per share were $1.89 C… Second quarter net sales of $1.870 billion increased 4.9% and 6.0% on a constant currency1 basis Second quarter diluted earnings per share were $1.00; adjusted1 diluted earnings per share were $1.82 C… Zimmer Biomet (ZBH Quick QuoteZBH – Free Report) is well-poised for growth in the coming quarters, backed by a strong recovery in its business. Zimmer Biomet’s Knee business to drive pricing stability, mix benefit and competitive conversions.
The company’s hip and knee replacement products continue to enjoy solid demand. In the past year, this Zacks Rank #3 (Hold) stock has increased 7.6% compared with the 1.2% rise of the industry and the 20.3% rise of the S&P 500 composite. Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. To find high-quality companies that may deliver above-average returns, please check out the GuruFocus High Quality Low Capex Screener. Stockholders of record on Friday, September 29th will be paid a dividend of $0.24 per share on Tuesday, October 31st.
Zimmer Biomet Holdings, Inc., together with its subsidiaries, operates as a medical technology company in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company’s products and solutions are used to treat patients suffering from disorders of, or injuries to, bones, joints, or supporting soft tissues. It serves orthopaedic surgeons, neurosurgeons, hospitals, stocking distributors, healthcare dealers, and other specialists, as well as agents, healthcare purchasing organizations, or buying groups. The company was formerly known as Zimmer Holdings, Inc. and changed its name to Zimmer Biomet Holdings, Inc. in June 2015.
A faster-growing company creates more value for shareholders, especially if the growth is profitable. However, the 3-year average annual revenue growth of Zimmer Biomet Holdings is -5.1%, ranking worse than 78.11% of 731 companies in the Medical Devices & Instruments industry. Its 3-year average EBITDA growth rate is -11.8%, ranking worse than 78.46% of 738 companies in the same industry. Zimmer Biomet Holdings is a leading player in the design, manufacture, and marketing of orthopedic reconstructive implants, alongside supplies and surgical equipment for orthopedic surgery. With its acquisitions of Centerpulse in 2003 and Biomet in 2015, the company holds a commanding share of the reconstructive market in the United States, Europe, and Japan.