EGG‑NEWS.com

On May 6th, Zoetis Inc (ZTS) reported on the first quarter of fiscal 2021 ending March 31st.  For the period, net profit increased 32 percent compared to the corresponding quarter in FY2020 to $559 million.  Revenue increased by 22 percent to $1,871 million.  EPS increased by 33 percent to $1.17.  U.S. sales of companion animal products attained $658 million with $275 million for livestock.  For international sales, companion animals represented $418 million compared to food animals at $504 million.  Within the livestock segment, poultry represented sales of $131 million, down 11 percent from Q1 of 2021 and comprising 16.8 percent of food animal sales or 7.0 percent of total company sales.

In commenting on results, Kristin Peck, CEO stated, "we are off to a very strong start in 2021- our best quarter ever - with growth of 21 percent in operational revenue as we continue to build on our innovative pet care portfolio, expand in key markets outside the U.S. and accelerate sales of diagnostic products".

Zoetis has a market capitalization of $80.9 billion.  The company has traded over 52-weeks in a range of $121.50 to $176.64 with a 50-day moving average of $164.56. On a twelve-month trailing basis, the company posted an operating margin of 35.9 percent and a profit margin of 25.3 percent.  The company achieved a return on assets of 12.4 percent and 51.8 percent on equity.