Zebra Technologies Corporation Expected to Post Q1 2018 Earnings of $1.52 Per Share (ZBRA)
Zebra Technologies Corporation (NASDAQ:ZBRA) – Equities researchers at Northcoast Research issued their Q1 2018 EPS estimates for shares of Zebra Technologies Corporation in a research report issued to clients and investors on Tuesday. Northcoast Research analyst K. Housum anticipates that the industrial products company will earn $1.52 per share for the quarter. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for Zebra Technologies Corporation’s Q2 2018 earnings at $1.80 EPS and Q4 2018 earnings at $2.32 EPS.
Zebra Technologies Corporation (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The firm had revenue of $897.00 million during the quarter, compared to the consensus estimate of $876.90 million. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share.
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Several other research firms also recently commented on ZBRA. Zacks Investment Research upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $118.00 price objective (up previously from $107.00) on shares of Zebra Technologies Corporation in a report on Thursday, August 10th. Barrington Research reiterated an “outperform” rating and issued a $125.00 price objective (up previously from $110.00) on shares of Zebra Technologies Corporation in a report on Tuesday, August 15th. Finally, BidaskClub downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $105.29.
In related news, CEO Anders Gustafsson sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total value of $2,651,000.00. Following the sale, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at $31,294,100.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Hugh K. Gagnier sold 20,682 shares of the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president now directly owns 39,072 shares in the company, valued at $4,158,042.24. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC bought a new stake in shares of Zebra Technologies Corporation in the second quarter worth about $100,000. Fieldpoint Private Securities LLC bought a new stake in shares of Zebra Technologies Corporation in the second quarter worth about $136,000. Advisor Group Inc. grew its stake in shares of Zebra Technologies Corporation by 0.8% in the second 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. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Zebra Technologies Corporation by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock worth $189,000 after purchasing an additional 71 shares during the last quarter. Finally, ARP Americas LLC bought a new stake in shares of Zebra Technologies Corporation in the third quarter worth about $202,000. 90.17% of the stock is currently owned by institutional investors.
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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