Zebra Technologies Corp. to Post Q3 2016 Earnings of $1.32 Per Share, Imperial Capital Forecasts (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) – Equities researchers at Imperial Capital issued their Q3 2016 earnings per share estimates for Zebra Technologies Corp. in a report released on Monday. Imperial Capital analyst J. Kessler anticipates that the firm will earn $1.32 per share for the quarter. Imperial Capital has a “Outperform” rating and a $75.00 price objective on the stock. Imperial Capital also issued estimates for Zebra Technologies Corp.’s Q4 2016 earnings at $1.60 EPS, FY2016 earnings at $5.09 EPS, Q1 2017 earnings at $1.24 EPS, Q2 2017 earnings at $1.32 EPS, Q3 2017 earnings at $1.56 EPS, Q4 2017 earnings at $1.69 EPS and FY2017 earnings at $5.80 EPS.
Zebra Technologies Corp. (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.28. The company had revenue of $879 million for the quarter, compared to analysts’ expectations of $869.19 million. Zebra Technologies Corp. had a positive return on equity of 29.18% and a negative net margin of 3.16%. Zebra Technologies Corp.’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.05 earnings per share.
ZBRA has been the topic of a number of other research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of Zebra Technologies Corp. in a report on Tuesday, September 20th. Vetr lowered Zebra Technologies Corp. from a “sell” rating to a “strong sell” rating and set a $59.55 price target on the stock. in a research report on Monday, August 22nd. Zacks Investment Research lowered Zebra Technologies Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Barrington Research reaffirmed an “outperform” rating and set a $75.00 price target on shares of Zebra Technologies Corp. in a research report on Wednesday, August 10th. Finally, Northcoast Research lowered Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Zebra Technologies Corp. presently has an average rating of “Hold” and an average price target of $76.17.
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Zebra Technologies Corp. (NASDAQ:ZBRA) traded down 2.07% during mid-day trading on Thursday, hitting $65.19. The company had a trading volume of 243,495 shares. The stock’s market capitalization is $3.44 billion. Zebra Technologies Corp. has a 1-year low of $46.13 and a 1-year high of $83.02. The stock has a 50 day moving average price of $68.81 and a 200-day moving average price of $60.55.
In other Zebra Technologies Corp. news, SVP Michael Cho sold 1,850 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $68.56, for a total value of $126,836.00. Following the completion of the transaction, the senior vice president now directly owns 11,004 shares in the company, valued at $754,434.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jim L. Kaput sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $64.83, for a total value of $324,150.00. Following the completion of the transaction, the senior vice president now owns 30,103 shares of the company’s stock, valued at $1,951,577.49. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. LS Investment Advisors LLC increased its position in Zebra Technologies Corp. by 71.0% in the second quarter. LS Investment Advisors LLC now owns 3,160 shares of the company’s stock worth $158,000 after buying an additional 1,312 shares in the last quarter. Pacer Advisors Inc. bought a new position in Zebra Technologies Corp. during the second quarter worth $160,000. Cambridge Investment Research Advisors Inc. increased its position in Zebra Technologies Corp. by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,034 shares of the company’s stock worth $202,000 after buying an additional 30 shares in the last quarter. King Luther Capital Management Corp bought a new position in Zebra Technologies Corp. during the second quarter worth $225,000. Finally, LaSalle Street Capital Management LLC increased its position in Zebra Technologies Corp. by 3.5% in the second quarter. LaSalle Street Capital Management LLC now owns 4,507 shares of the company’s stock worth $226,000 after buying an additional 152 shares in the last quarter.
Zebra Technologies Corp. Company Profile
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.
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