Zoetis Inc (NYSE:ZTS) shares, rose in value on Friday, April 05, with the stock price up by 1.76% to the previous day’s close as strong demand from buyers drove the stock to $168.43.
Actively observing the price movement in the recent trading, the stock is buoying the session at $165.52. The value of beta (5-year monthly) is 0.87 whereas the PE ratio is 33.22 over 12-month period. Referring to stock’s 52-week performance, its high was $201.92, and the low was $151.03. On the whole, ZTS has fluctuated by -8.23% over the past month.
With the market capitalization of Zoetis Inc currently standing at about $77.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024. The company’s Forward Dividend Ratio is 1.56, with its dividend yield at 0.92%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.35, which is expected to increase to $1.58 for fiscal year $5.8 and then to about $6.48 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.00% in 2025, while the next year’s EPS growth is forecast to be 11.70%.
Analysts have estimated the company’s revenue for the quarter at $2.15 billion, with a low estimate of $2.11 billion and a high estimate of $2.18 billion. According to the average forecast, sales growth in current quarter could jump up 6.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $9.19 billion, representing an increase of 7.50% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ZTS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.41, with the price of ZTS currently trading nearly -1.93% and -8.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.10, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 2.31%. Furthermore, Zoetis Inc (ZTS)’s beta value is 0.85, and its average true range (ATR) is 4.14.
A comparison of Zoetis Inc (ZTS) with its peers suggests the former has fared considerably weaker in the market. ZTS showed an intraday change of 1.76% in today’s session so far, and over the past year, it grew by 0.81%%.
Data on historical trading for Zoetis Inc (NYSE:ZTS) indicates that the trading volumes over the past 10 days have averaged 3.19 million and over the past 3 months, they’ve averaged 2.79 million. According to company’s latest data on outstanding shares, there are 458.37 million shares outstanding.
Nearly 0.09% of Zoetis Inc’s shares belong to company insiders and institutional investors own 95.53% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.57 million shares as on Mar 15, 2024, resulting in a short ratio of 1.04. According to the data, the short interest in Zoetis Inc (ZTS) stood at 0.78% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.41 million. The stock has fallen by -14.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZTS stock heading into the next quarter.
