On February 15th Zoetis Inc. (ZTS) reported on the fourth quarter and FY 2020 ending December 31st. For the period, the company reported net earnings of $359 million on revenue of $1,807 million with an EPS of $0.75.  For the comparable fourth quarter in 2019, Zoetis earned $384 million on revenue of $1,674 million with an EPS of $0.80.

For fiscal 2020, Zoetis earned $1,638 million on revenue of $6,675 million with an EPS of $3.42.  In FY 2019 net earnings amounted to $1,500 million on revenue of $6,620 million with an EPS of $3.11. 

For the quarter, livestock represented 44 percent of revenue with companion animal species 54 percent.  U.S. sales represented 53 percent of revenue and poultry-related products and services accounted for 15 percent of revenue.  In comparing Q4 2020 with Q4 2019, livestock revenue declined by 7 percent and international revenue by 15 percent.

Zoetis has a market capitalization of $76.1 billion and has traded over a 52-week period in a range of $90.14 to $176.64 with a 50-day moving average of $162.08.  On Friday February 19th following release of earnings, ZTS closed at $160.00 down 4.7 percent.

Zoetis trades with a forward P/E of 38.2.  The 12-month trailing operational margin was 34.5 percent and profit margin 24.5 percent.  The company generated a return on assets of 11.4 percent and 50.5 percent on equity.

Zoetis provided guidance for fiscal 2021 projecting sales ranging from $7.40 billion to $7.55 billion with net earnings $2.08 billion to $2.13 billion and an EPS range of $4.36 to $4.46.