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.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability