Tag Archives: zts

Zoetis Backslides After Spiking On Valeant Approach

Shares of Zoetis (ZTS) are backsliding Friday following a 11.4% surge the day before on talk that Valeant was eyeing the animal-health company. Zoetis shares plummeted 9.7% to 50.01 in the stock market today. Activist investor Bill Ackman’s hedge fund, Pershing Square, is the company’s largest shareholder, with an 8.5% stake. Valeant Pharmaceuticals (VRX) reportedly made a preliminary approach to acquire the animal-health company, said the Wall

Zoetis 2015 Guidance Misses As Buyout Theories Abound

Animal-health giant Zoetis (ZTS) offered 2015 guidance below the Street’s consensus along with longer-term financial goals at its analyst day Tuesday. After a brief halt in trading for the early-afternoon announcement, the stock was down more than 1% in afternoon trading on the stock market today. Zoetis said it expects EPS of $1.61 to $1.68 next year, up from an estimated $1.53 this year but below analysts’ consensus of $1.71, according to

Zoetis Q4 Beats Estimates, But Guidance Hammers Stock

Animal-health company Zoetis (ZTS) early Tuesday beat analysts’ Q4 estimates but guided 2014 below consensus, sending shares down in early trading Tuesday. Zoetis said sales rose 7% over the year-earlier quarter to $1.25 billion, vs. analyst consensus of $1.21 billion. Adjusted net income was 36 cents a share, beating estimates by 2 cents. The company did not offer a year-ago comparison for the latter, likely because it was then still part of