Zebra Technologies Corp. (ZBRA) Releases Q1 Earnings Guidance
Zebra Technologies Corp. (NASDAQ:ZBRA) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.88-0.91 for the period, compared to the Thomson Reuters consensus estimate of $0.83, Analyst Ratings Network.com reports. The company issued revenue guidance of $287-289 million, compared to the consensus revenue estimate of $281.42 million.
ZBRA has been the subject of a number of recent research reports. Analysts at Sidoti initiated coverage on shares of Zebra Technologies Corp. in a research note on Monday. They set a buy rating on the stock. On a related note, analysts at Zacks downgraded shares of Zebra Technologies Corp. from an outperform rating to a neutral rating in a research note on Monday, February 24th. They now have a $68.90 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Zebra Technologies Corp. from $52.00 to $70.00 in a research note on Thursday, February 20th. They now have an in-line rating on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Zebra Technologies Corp. presently has a consensus rating of Hold and a consensus target price of $62.10.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 68.28 on Tuesday. Zebra Technologies Corp. has a 52-week low of $42.51 and a 52-week high of $72.76. The stock has a 50-day moving average of $69.29 and a 200-day moving average of $56.38. The company has a market cap of $3.439 billion and a price-to-earnings ratio of 25.37.
Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its earnings results on Wednesday, February 19th. The company reported $0.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.05. The company had revenue of $284.50 million for the quarter, compared to the consensus estimate of $268.03 million. Analysts expect that Zebra Technologies Corp. will post $3.44 EPS 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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