With 2.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.3 million shares. The 52-week range on ZBH shows that it touched its highest point at $120.13 and its lowest point at $89.92 during that stretch. It currently has a 1-year price target of $106.80. With its current market cap of 18.14 billion, ZBH has annualized dividend of $0.96 while the current yield stands at 1.05%. Beta for the stock currently stands at 0.74.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZBH was down-trending over the past week, with a drop of -5.23%, but this was down by -7.82% over a month. Three-month performance dropped to -12.55% while six-month performance fell -18.89%. The stock lost -23.00% in the past year, while it has lost -13.22% so far this year. A look at the trailing 12-month EPS for ZBH yields 4.51 with Next year EPS estimates of 8.32. For the next quarter, that number is 1.98. This implies an EPS growth rate of -0.28% for this year and 4.27% for next year. EPS is expected to grow by 4.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.13%.
Float and Shares Shorts:
At present, 197.90 million ZBH shares are outstanding with a float of 197.57 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZBH since 16 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 12 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $8.01335 being high and $7.9434 being low. For ZBH, this leads to a yearly average estimate of $7.98337.
