Wall Street brokerages expect Zebra Technologies Corporation (NASDAQ:ZBRA) to report sales of $980.59 million for the current quarter, according to Zacks. Six analysts have issued estimates for Zebra Technologies’ earnings, with the highest sales estimate coming in at $990.14 million and the lowest estimate coming in at $972.30 million. Zebra Technologies reported sales of $942.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.1%. The business is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Zebra Technologies will report full year sales of $980.59 million for the current financial year, with estimates ranging from $3.64 billion to $3.69 billion. For the next fiscal year, analysts forecast that the company will post sales of $3.79 billion per share, with estimates ranging from $3.76 billion to $3.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $914.98 million. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue was up 3.4% on a year-over-year basis.

Several research analysts have commented on the stock. Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $95.00 to $120.00 in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Robert W. Baird reissued a “buy” rating and set a $125.00 price objective on shares of Zebra Technologies in a report on Friday, November 10th. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. Finally, J P Morgan Chase & Co increased their price objective on shares of Zebra Technologies to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $114.88.

Zebra Technologies (ZBRA) opened at $106.43 on Wednesday. Zebra Technologies has a 1-year low of $80.61 and a 1-year high of $117.44. The company has a market cap of $5,730.00, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.25 and a beta of 1.59. 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 Zebra Technologies news, Director Frank Blaise Modruson purchased 1,540 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $103.88 per share, with a total value of $159,975.20. Following the acquisition, the director now owns 12,556 shares in the company, valued at $1,304,317.28. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Cho sold 1,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $110.15, for a total transaction of $110,150.00. Following the completion of the transaction, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Inc. lifted its stake in Zebra Technologies 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 lifted its stake in Zebra Technologies 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. Teacher Retirement System of Texas lifted its stake in Zebra Technologies by 2.2% in the second quarter. Teacher Retirement System of Texas now owns 4,276 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 92 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Zebra Technologies by 3.0% in the second quarter. PNC Financial Services Group Inc. now owns 6,235 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 179 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in Zebra Technologies by 0.9% in the second quarter. Arizona State Retirement System now owns 22,200 shares of the industrial products company’s stock worth $2,232,000 after purchasing an additional 200 shares during the last quarter. 89.68% of the stock is owned by institutional investors and hedge funds.

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About Zebra Technologies

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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Earnings History and Estimates for Zebra Technologies (NASDAQ:ZBRA)

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