Zebra Technologies Corporation (ZBRA) Expected to Post Earnings of $1.72 Per Share
Analysts forecast that Zebra Technologies Corporation (NASDAQ:ZBRA) will report earnings of $1.72 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Zebra Technologies Corporation’s earnings, with estimates ranging from $1.69 to $1.75. Zebra Technologies Corporation posted earnings of $1.43 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20.3%. The business is scheduled to issue its next earnings report on Tuesday, November 21st.
On average, analysts expect that Zebra Technologies Corporation will report full-year earnings of $6.66 per share for the current financial year, with EPS estimates ranging from $6.56 to $6.71. For the next fiscal year, analysts forecast that the business will report earnings of $7.59 per share, with EPS estimates ranging from $6.98 to $7.99. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Zebra Technologies Corporation.
Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.17. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The firm had revenue of $897 million during the quarter, compared to analyst estimates of $876.90 million. During the same period in the previous year, the company earned $1.34 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis.
Several research analysts recently commented on ZBRA shares. Barrington Research increased their price target on Zebra Technologies Corporation from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Needham & Company LLC reissued a “buy” rating and set a $107.00 price target on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. ValuEngine cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Zacks Investment Research cut Zebra Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Finally, Morgan Stanley cut Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $103.57.
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In related news, CEO Anders Gustafsson sold 25,000 shares of Zebra Technologies Corporation stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the completion of the sale, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Hugh K. Gagnier sold 20,682 shares of Zebra Technologies Corporation stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total value of $2,200,978.44. Following the sale, the senior vice president now directly owns 39,072 shares of the company’s stock, valued at $4,158,042.24. The disclosure for this sale can be found here. Company insiders own 2.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Meadow Creek Investment Management LLC lifted its holdings in Zebra Technologies Corporation by 3.8% during the 1st quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 48 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in Zebra Technologies Corporation during the 2nd quarter worth approximately $136,000. Quantbot Technologies LP acquired a new stake in Zebra Technologies Corporation during the 1st quarter worth approximately $140,000. Advisor Group Inc. lifted its holdings in Zebra Technologies Corporation by 0.8% during the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the last quarter. Finally, Neuburgh Advisers LLC lifted its holdings in Zebra Technologies Corporation by 3.8% during the 1st quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 66 shares during the last quarter. 90.02% of the stock is owned by institutional investors and hedge funds.
Zebra Technologies Corporation (ZBRA) traded down 0.98% during midday trading on Friday, reaching $99.76. The company had a trading volume of 155,179 shares. The company’s 50-day moving average is $101.80 and its 200 day moving average is $97.76. Zebra Technologies Corporation has a 52-week low of $62.91 and a 52-week high of $109.30. The company’s market cap is $5.30 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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