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- Some of the biggest medical device companies’ stocks have dropped to attractive prices due to the current COVID-19 pandemic.
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Zimmer Biomet issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $7.40-$7.50 for the period, compared to the consensus estimate of $7.06. The company issued revenue guidance of $7.29 billion-$7.36 billion, compared to the consensus revenue estimate of $7.14 billion. As of June 15th, there was short interest totaling 3,810,000 shares, an increase of 27.0% from the May 31st total of 3,000,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the short-interest ratio is currently 2.7 days. The company’s leadership team is led by President and CEO Bryan Hanson, who has been in his current role since 2017.
Zimmer Biomet Announces Webcast and Conference Call of Second Quarter 2023 Financial Results
15 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Zimmer Biomet in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should “hold” ZBH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ZBH, but not buy additional shares or sell existing shares. Additional information about your broker can be found by clicking here.
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Where Zimmer Biomet Holdings Stands With Analysts
The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
Bryan Hanson has an approval rating of 87% among the company’s employees. 66.0% of employees surveyed would recommend working at Zimmer Biomet to a friend. Sign-up to receive the latest news and ratings for Zimmer Biomet and its competitors with MarketBeat’s FREE daily newsletter. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The musculoskeletal healthcare company continues to try to turn things around, with limited success in the first quarter.
The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals. Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. One of the most significant risks facing Zimmer Biomet is the potential for regulatory changes that could impact the industry.
Is It Time to Sell ZBH? Shares are down today.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Third quarter net sales from continuing operations of $1.670 billion decreased 0.9% and increased 5.0% on a constant currency1 basis Third quarter diluted earnings per share from continuing operations…
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- Zimmer Biomet’s mission is to help people alleviate pain, regain mobility and improve the quality of life for patients worldwide.
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The orthopedic industry is highly competitive, with a few major players dominating the market. Zimmer Biomet is one of the largest companies in the industry, with a strong presence in the joint reconstruction, spine, dental, and sports medicine markets. The industry is also highly regulated, with various regulatory bodies overseeing the safety and efficacy of medical devices. Zimmer Biomet has a track record of complying with regulatory requirements and maintaining high-quality standards. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account.
An indication of interest to purchase securities involves no obligation or commitment of any kind. All investments involve the risk of loss and the past performance of a security or a financial product does not guarantee future results or returns. You should consult your legal, tax, or financial advisors before making any financial decisions.
Its other product category primarily includes its robotic, surgical and bone cement products. Its products and solutions help treat patients suffering from disorders of, or injuries to, bones, joints or supporting soft tissues. Its knee brands include the Persona Knee, NexGen Knee Implants, Vanguard Knee, and Oxford Partial Knee. Its hip brands include the Taperloc Hip System, Avenir Complete Hip System, Arcos Modular Hip System, and G7 Acetabular System. Its S.E.T. product category includes sports medicine, biologics, foot and others.
Hanson has over 30 years of experience in the medical device industry and has held various executive positions in leading medical device companies. Additionally, Zimmer Biomet’s executive team includes Chief Financial Officer Suketu Upadhyay and Chief Operating Officer Ivan Tornos. Zimmer Biomet Holdings Inc is a medical technology company that designs, develops and manufactures a wide range of orthopedic and musculoskeletal products. With headquarters in Warsaw, Indiana, the company was formed in 2015 after the merger of Zimmer Holdings and Biomet Inc, two of the world’s leading companies in the orthopedic industry. Zimmer Biomet’s mission is to help people alleviate pain, regain mobility and improve the quality of life for patients worldwide. Some of the biggest medical device companies’ stocks have dropped to attractive prices due to the current COVID-19 pandemic.
Provides a general description of the business conducted by this company.
Zimmer Biomet upgraded to outperform from market perform at Raymond James
Changes in regulatory requirements could increase the costs and time required to bring new products to market, affecting Zimmer Biomet’s ability to innovate and compete. In addition, insurance and hospital reimbursement policy changes could also impact the demand for Zimmer Biomet’s products. Over the past few years, Zimmer Biomet has reported steady financial performance. The company has reported increased revenue and profit margin for the past several years while also reporting a debt-to-equity ratio indicating a relatively low debt level. In 2021, the company also announced a share repurchase program of up to $1 billion, demonstrating its commitment to returning value to shareholders.
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New daily records for COVID-19 cases and hospitalizations mean these stocks are probably headed in opposite directions. As elective surgery candidates return to operating rooms, revenue will ramp up. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment.
Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. You can find your newly purchased ZBH stock in your portfolio—alongside the rest of your stocks, ETFs, crypto, treasuries, and alternative assets. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Zimmer Biomet’s stock is owned by a number of retail and institutional investors. Top institutional shareholders include Centre Asset Management LLC (0.04%), Thomasville National Bank (0.04%), Brookstone Capital Management (0.02%), Jacobs & Co. CA (0.02%), DnB Asset Management AS (0.02%) and DNB Asset Management AS (0.02%). Insiders that own company stock include Arthur J Higgins, Chad F Phipps, Sang Yi and Zuilen Wilfred Van.
One share of ZBH stock can currently be purchased for approximately $142.65. Click the link below and we’ll send you MarketBeat’s guide to pot stock investing and which pot companies show the most promise. The Barchart Technical Opinion rating is a 88% Buy with a Average short term outlook on maintaining the current direction. Get this delivered to your inbox, and more info about our products and services. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.