Zebra Technologies Corporation (NASDAQ:ZBRA) Updates Q3 Earnings Guidance
Zebra Technologies Corporation (NASDAQ:ZBRA) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.67. The company issued revenue guidance of $897-924 million, compared to the consensus revenue estimate of $905.76 million.
Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at 97.25 on Tuesday. The stock has a 50 day moving average of $101.81 and a 200-day moving average of $94.57. The stock’s market capitalization is $5.13 billion. Zebra Technologies Corporation has a 1-year low of $56.20 and a 1-year high of $109.30.
Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 2.98% and a positive return on equity of 37.96%. The firm had revenue of $897 million for the quarter, compared to analyst estimates of $876.90 million. During the same quarter last year, the firm posted $1.34 earnings per share. Zebra Technologies Corporation’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts predict that Zebra Technologies Corporation will post $6.45 earnings per share for the current fiscal year.
A number of analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Zebra Technologies Corporation from a buy rating to a hold rating in a research note on Thursday, July 20th. BidaskClub lowered shares of Zebra Technologies Corporation from a buy rating to a hold rating in a research note on Monday, July 24th. ValuEngine upgraded shares of Zebra Technologies Corporation from a hold rating to a buy rating in a research note on Friday, June 2nd. Barrington Research lifted their price objective on shares of Zebra Technologies Corporation from $105.00 to $110.00 and gave the company an outperform rating in a research note on Thursday, May 11th. Finally, Needham & Company LLC reiterated a buy rating and set a $107.00 price objective on shares of Zebra Technologies Corporation in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $94.82.
In other Zebra Technologies Corporation news, SVP Hugh K. Gagnier sold 9,388 shares of Zebra Technologies Corporation stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $100.42, for a total value of $942,742.96. Following the completion of the transaction, the senior vice president now owns 48,460 shares of the company’s stock, valued at $4,866,353.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard L. Keyser sold 6,132 shares of Zebra Technologies Corporation stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $106.26, for a total transaction of $651,586.32. Following the completion of the transaction, the director now directly owns 23,632 shares of the company’s stock, valued at approximately $2,511,136.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,602 shares of company stock valued at $2,819,641. Insiders own 2.50% of the company’s stock.
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About Zebra Technologies Corporation
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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