$1.35 Earnings Per Share Expected for Zebra Technologies Corporation (NASDAQ:ZBRA) This Quarter
Equities analysts predict that Zebra Technologies Corporation (NASDAQ:ZBRA) will post earnings per share of $1.35 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Zebra Technologies Corporation’s earnings, with the lowest EPS estimate coming in at $1.34 and the highest estimate coming in at $1.37. Zebra Technologies Corporation reported earnings per share of $1.29 in the same quarter last year, which indicates a positive year-over-year growth rate of 4.7%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, August 8th.
According to Zacks, analysts expect that Zebra Technologies Corporation will report full-year earnings of $6.03 per share for the current financial year, with EPS estimates ranging from $5.87 to $6.12. For the next fiscal year, analysts forecast that the business will post earnings of $6.83 per share, with EPS estimates ranging from $6.70 to $7.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Zebra Technologies Corporation.
Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its earnings results on Tuesday, May 9th. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.07. The firm had revenue of $865 million during the quarter, compared to analyst estimates of $847.76 million. Zebra Technologies Corporation had a negative net margin of 2.98% and a positive return on equity of 37.96%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 earnings per share.
A number of equities analysts have recently weighed in on ZBRA shares. Zacks Investment Research cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Needham & Company LLC started coverage on Zebra Technologies Corporation in a report on Tuesday, March 28th. They set a “buy” rating and a $102.00 price target for the company. Morgan Stanley cut Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $95.00 to $100.00 in a report on Wednesday, May 31st. They noted that the move was a valuation call. Wells Fargo & Company cut Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Finally, ValuEngine upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $92.51.
In related news, SVP Michael H. Terzich sold 8,721 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $99.15, for a total transaction of $864,687.15. Following the completion of the transaction, the senior vice president now directly owns 30,511 shares in the company, valued at approximately $3,025,165.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Cho sold 1,572 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $107.76, for a total value of $169,398.72. Following the transaction, the senior vice president now owns 10,426 shares of the company’s stock, valued at $1,123,505.76. The disclosure for this sale can be found here. Insiders have sold a total of 27,602 shares of company stock valued at $2,819,641 over the last 90 days. 2.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Meadow Creek Investment Management LLC boosted its position in shares of Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock valued at $120,000 after buying an additional 48 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Zebra Technologies Corporation during the first quarter valued at about $140,000. Neuburgh Advisers LLC boosted its position in shares of Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock valued at $165,000 after buying an additional 66 shares during the last quarter. James Investment Research Inc. bought a new position in shares of Zebra Technologies Corporation during the first quarter valued at about $183,000. Finally, Acrospire Investment Management LLC boosted its position in shares of Zebra Technologies Corporation by 119.0% in the first quarter. Acrospire Investment Management LLC now owns 2,208 shares of the industrial products company’s stock valued at $201,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 94.72% of the company’s stock.
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Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) traded up 0.82% during mid-day trading on Tuesday, hitting $100.85. 111,398 shares of the stock were exchanged. Zebra Technologies Corporation has a 12 month low of $47.26 and a 12 month high of $109.30. The company has a 50-day moving average price of $103.76 and a 200-day moving average price of $92.11. The stock’s market cap is $5.32 billion.
Zebra Technologies Corporation Company Profile
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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