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Zimmer Holdings Reports Increased Profits; Beats Q4 Estimates (ZMH)
Surgical product company, Zimmer Holdings, Inc.(ZMH
) saw an increase in earnings for the Q4, beating analysts expectations on Thursday.
The Warsaw, IN based company reported fourth quarter earnings of $152.8 million, or 88 cents per share, up from $156.6 million, or 87 cents per share last year. Excluding special items, earnings were $1.51 per share, beating analysts estimate of $1.49 per share.
Revenue came in at $1.18 billion up from $1.17 billion last year. Analysts expected revenue of $1.17 billion.
Looking ahead, the company expects to see FY2013 earnings in the range of $5.05 to $5.25 per share. Adjusted earnings are expected to see in the range of $5.65 to $5.85 per share. Revenue is expected to grow by 2.5% to 4.5%. Analysts are estimating FY2013 earnings of $5.74 per share and $4.63 in revenue.
Zimmer shares were mostly flat during premarket trading Thursday. The stock has increased 23% in the past year.
The Bottom Line
Shares of Zimmer Holdings, Inc.(ZMH) have a 0.97% yield, based on Wednesday’s closing price of $74.43.
Zimmer Holdings, Inc.(ZMH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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