Zimmer Biomet Holdings Inc. (NYSE: ZBH) kicked off on May 19, 2023, at the price of $135.21, down -0.01% from the previous trading day. During the day, the shares moved up to $136.54 and dropped to $133.96 before settling in for the closing price of $135.02. Over the past 52 weeks, ZBH has traded in a range of $100.39-$149.25.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -2.30%. While this was happening, its average annual earnings per share was recorded -34.80%. With a float of $208.34 million, this company’s outstanding shares have now reached $209.40 million.
Considering the fact that the conglomerate employs 18000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +62.52, operating margin of +17.34, and the pretax margin is +5.81.
Zimmer Biomet Holdings Inc. (ZBH) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Zimmer Biomet Holdings Inc. is 0.10%, while institutional ownership is 92.10%. The most recent insider transaction that took place on Mar 17, was worth 2,869,113. In this transaction Sr. VP/Gen Counsel/Secretary of this company sold 23,045 shares at a rate of $124.50, taking the stock ownership to the 43,671 shares. Before that another transaction happened on Feb 01, when Company’s 10% Owner sold 5,131,946 for $9.57, making the entire transaction worth $49,094,761. This insider now owns 0 shares in total.
Zimmer Biomet Holdings Inc. (ZBH) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $1.89 earnings per share (EPS), higher than consensus estimate (set at $1.64) by $0.25. This company achieved a net margin of +4.18 while generating a return on equity of 2.35. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -34.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.32% during the next five years compared to -12.30% drop over the previous five years of trading.
Zimmer Biomet Holdings Inc. (NYSE: ZBH) Trading Performance Indicators
Take a look at Zimmer Biomet Holdings Inc.’s (ZBH) current performance indicators. Last quarter, stock had a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.96. Likewise, its price to free cash flow for the trailing twelve months is 41.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.14, a number that is poised to hit 1.81 in the next quarter and is forecasted to reach 7.95 in one year’s time.
Technical Analysis of Zimmer Biomet Holdings Inc. (ZBH)
Compared to the last year’s volume of 1.4 million, its volume of 1.28 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.61%. Additionally, its Average True Range was 2.31.
During the past 100 days, Zimmer Biomet Holdings Inc.’s (ZBH) raw stochastic average was set at 50.79%, which indicates a significant increase from 10.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.97% in the past 14 days, which was higher than the 16.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $132.32, while its 200-day Moving Average is $121.26. Nevertheless, the first resistance level for the watch stands at $136.37 in the near term. At $137.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $138.95. If the price goes on to break the first support level at $133.79, it is likely to go to the next support level at $132.59. Should the price break the second support level, the third support level stands at $131.21.
Zimmer Biomet Holdings Inc. (NYSE: ZBH) Key Stats
The company with the Market Capitalisation of 28.16 billion has total of 208,569K Shares Outstanding. Its annual sales at the moment are 6,940 M in contrast with the sum of 231,400 K annual income. Company’s last quarter sales were recorded 1,831 M and last quarter income was 232,600 K.
