Zoetis Inc Stock Price, News & Analysis

Zoetis Inc. (NYSE:ZTS) has announced a $3.5 billion share repurchase program to enhance shareholder value, extending over multiple years and potentially cancellable. This follows the completion of a previous $2.0 billion buyback program set for 2022. Additionally, the company declared a $0.325 per share dividend for Q1 2022, marking a 30% increase from 2021. These actions reflect Zoetis' strong financial performance and commitment to returning capital to shareholders.

Zoetis reported a strong financial performance for Q3 2021, with revenue of $2.0 billion, an 11% increase year-over-year, and net income of $552 million, up 15%. Adjusted net income rose to $597 million, or $1.25 per diluted share, marking a 14% increase. The company is optimistic, raising its full-year revenue guidance to $7.700 - $7.750 billion and diluted EPS to $4.23 - $4.29. Key growth drivers included strong sales in petcare products and new monoclonal antibodies, despite facing challenges in livestock product sales.

Zoetis Inc. (NYSE:ZTS) announced the appointment of Robert J. Polzer, PhD, as Executive Vice President and President of Research & Development effective January 1, 2022. He succeeds Dr. Catherine Knupp, who plans to retire after leading Zoetis' R&D efforts since the company's inception in 2013. Under her guidance, Zoetis launched over 1,100 new products in five years and established a strong portfolio in animal health. Polzer, previously Senior VP of Global Therapeutics, brings over 20 years of R&D experience and aims to drive continuous innovation in Zoetis' diverse product pipeline.

Zoetis Inc. (NYSE:ZTS) has declared a fourth quarter 2021 dividend of $0.25 per share, payable on December 1, 2021, to stockholders on record as of October 29, 2021. As a leader in animal health, Zoetis generated revenue of $6.7 billion in 2020, supported by a workforce of approximately 11,300 employees. The company focuses on advancing animal care through innovations in medicines, vaccines, and diagnostics globally.

Zoetis Inc (NYSE:ZTS) will host a webcast on November 4, 2021, at 8:30 a.m. ET to discuss its third quarter 2021 financial results. CEO Kristin Peck and CFO Wetteny Joseph will present the results and address questions from analysts. Interested parties can access the live webcast on the Zoetis investor relations website. A replay will be available after the event. Zoetis generated $6.7 billion in revenue in 2020 and has a strong portfolio of animal health products.

Zoetis has been recognized for the eighth consecutive year as one of Seramount’s 100 Best Companies, underscoring its commitment to family-friendly benefits and flexible work arrangements. Notably, Kristy Earley-Murray was named Working Mother of the Year, and Chip Dorsey is the first recipient of Working Father of the Year. These honors highlight Zoetis' dedication to supporting working parents, particularly during the ongoing challenges posed by the COVID-19 pandemic, as stated by Executive VP Roxanne Lagano.

Zoetis (NYSE:ZTS) will participate in the Jefferies Virtual Pet Care Summit on September 16, 2021. Executive Vice President Glenn David will represent the company during the presentation at 11:00 a.m. ET. Investors can access a live audio webcast of the presentation at investor.zoetis.com/events-presentations. A replay will be available afterward. Zoetis, a leader in animal health, generated $6.7 billion in revenue in 2020, employs approximately 11,300 individuals, and operates in over 100 countries.

Zoetis reported a strong Q2 2021, with revenue of $1.9 billion, a 26% increase year-over-year, and net income up 36% to $512 million. Adjusted net income rose 33% to $566 million ($1.19 per share). U.S. revenue grew 22%, driven by a 34% rise in companion animal products, while international sales surged 31%. The company raised its full-year guidance, projecting revenue between $7.625 billion and $7.700 billion, reflecting strong growth drivers despite expectations of modest growth in H2 2021.