Zebra Technologies Corp. (ZBRA) Issues Q3 Earnings Guidance
Zebra Technologies Corp. (NASDAQ:ZBRA) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.81-0.91 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.88, American Banking News.com reports. The company issued revenue guidance of $285-295 million, compared to the consensus revenue estimate of $291.57 million.
A number of research firms have recently commented on ZBRA. Analysts at Imperial Capital downgraded shares of Zebra Technologies Corp. from an outperform rating to an in-line rating in a research note on Tuesday, July 8th. They now have a $85.00 price target on the stock. On a related note, analysts at Northcoast Research downgraded shares of Zebra Technologies Corp. from a buy rating to a neutral rating in a research note on Friday, June 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Zebra Technologies Corp. presently has a consensus rating of Hold and an average price target of $65.85.
Shares of Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 7.49% during mid-day trading on Tuesday, hitting $76.37. The stock had a trading volume of 481,511 shares. Zebra Technologies Corp. has a 1-year low of $43.92 and a 1-year high of $87.53. The stock’s 50-day moving average is $81.75 and its 200-day moving average is $71.02. The company has a market cap of $3.856 billion and a price-to-earnings ratio of 27.57.
Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.02. The company had revenue of $288.42 million for the quarter, compared to the consensus estimate of $285.64 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts predict that Zebra Technologies Corp. will post $3.59 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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