Zebra Technologies Corp. (ZBRA) Releases Q4 Earnings Guidance
Zebra Technologies Corp. (NASDAQ:ZBRA) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.72-0.82 for the period, compared to the Thomson Reuters consensus estimate of $0.71, StockRatingsNetwork.com reports. The company issued revenue guidance of $263-273 million, compared to the consensus revenue estimate of $261.07 million.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Zebra Technologies Corp. from an underperform rating to a neutral rating in a research note to investors on Thursday, October 17th. They now have a $48.20 price target on the stock. On a related note, analysts at Imperial Capital raised their price target on shares of Zebra Technologies Corp. from $45.00 to $49.00 in a research note to investors on Thursday, August 8th. Finally, analysts at Wellington Shields downgraded shares of Zebra Technologies Corp. from a buy rating to a hold rating in a research note to investors on Wednesday, August 7th. They now have a $51.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Zebra Technologies Corp. presently has a consensus rating of Hold and a consensus target price of $49.80.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 48.50 on Tuesday. Zebra Technologies Corp. has a 52 week low of $36.70 and a 52 week high of $49.38. The stock’s 50-day moving average is $46.60 and its 200-day moving average is $46.13. The company has a market cap of $2.462 billion and a P/E ratio of 21.52.
Zebra Technologies Corp. (NASDAQ:ZBRA) last released its earnings data on Tuesday, November 5th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.10. The company had revenue of $263.52 million for the quarter, compared to the consensus estimate of $258.13 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Zebra Technologies Corp. will post $2.39 earnings per share for the current fiscal year.
Zebra Technologies Corporation (NASDAQ:ZBRA) designs, manufactures and sells specialty printing devices that print variable information on demand at the point of issuance.
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