Zebra Technologies Corporation (ZBRA) Forecasted to Post FY2017 Earnings of $6.37 Per Share
Zebra Technologies Corporation (NASDAQ:ZBRA) – Analysts at Barrington Research boosted their FY2017 earnings per share (EPS) estimates for Zebra Technologies Corporation in a note issued to investors on Tuesday. Barrington Research analyst M. Gall now expects that the industrial products company will post earnings per share of $6.37 for the year, up from their prior forecast of $6.18. Barrington Research currently has a “Outperform” rating and a $125.00 target price on the stock. Barrington Research also issued estimates for Zebra Technologies Corporation’s Q4 2017 earnings at $1.97 EPS and FY2018 earnings at $7.25 EPS.
Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. Zebra Technologies Corporation had a return on equity of 41.17% and a net margin of 0.82%. The company had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $914.98 million. During the same quarter in the prior year, the business posted $1.43 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Zebra Technologies Corporation (ZBRA) Forecasted to Post FY2017 Earnings of $6.37 Per Share” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/11/17/zebra-technologies-corporation-zbra-forecasted-to-post-fy2017-earnings-of-6-37-per-share.html.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $125.00 price objective on shares of Zebra Technologies Corporation in a research note on Friday, November 10th. Wellington Shields upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. J P Morgan Chase & Co upped their price objective on Zebra Technologies Corporation to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Finally, Northcoast Research upgraded Zebra Technologies Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $111.75.
Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded up $0.90 during trading on Friday, hitting $108.76. The stock had a trading volume of 471,237 shares, compared to its average volume of 337,228. Zebra Technologies Corporation has a one year low of $72.73 and a one year high of $117.44. The company has a market cap of $5,740.00, a PE ratio of 16.88, a P/E/G ratio of 2.21 and a beta of 1.62. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01.
In other news, Director Frank Blaise Modruson acquired 1,540 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average cost of $103.88 per share, with a total value of $159,975.20. Following the acquisition, the director now directly owns 12,556 shares in the company, valued at approximately $1,304,317.28. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of Zebra Technologies Corporation during the 2nd quarter worth $100,000. Fieldpoint Private Securities LLC acquired a new stake in shares of Zebra Technologies Corporation during the 2nd quarter worth $136,000. Advisor Group Inc. grew its holdings in shares of 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 in the last quarter. Zions Bancorporation acquired a new stake in shares of Zebra Technologies Corporation during the 3rd quarter worth $180,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Zebra Technologies Corporation by 3.9% during the 2nd 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 in the last quarter. 90.93% 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.
Receive News & Ratings for Zebra Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.