Analysts Anticipate Zebra Technologies Corp. (ZBRA) Will Announce Quarterly Sales of $981.93 Million

Analysts forecast that Zebra Technologies Corp. (NASDAQ:ZBRA) will post $981.93 million in sales for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Zebra Technologies’ earnings. The lowest sales estimate is $972.30 million and the highest is $990.14 million. Zebra Technologies reported sales of $942.00 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Zebra Technologies will report full year sales of $981.93 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 $3.80 billion per share, with estimates ranging from $3.78 billion to $3.85 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Zebra Technologies.

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

Several research firms have commented on ZBRA. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday. ValuEngine cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a report on Saturday. JPMorgan Chase & Co. upped their target price on shares of Zebra Technologies to $132.00 and gave the company an “overweight” rating in a report on Tuesday, November 7th. Finally, Robert W. Baird restated a “buy” rating and issued a $125.00 target price on shares of Zebra Technologies in a report on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $114.63.

Zebra Technologies (ZBRA) opened at $123.15 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01. Zebra Technologies has a twelve month low of $81.02 and a twelve month high of $123.66. The company has a market cap of $6,550.23, a P/E ratio of 208.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59.

In other Zebra Technologies news, Director Frank Blaise Modruson purchased 1,540 shares of Zebra Technologies stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $103.88 per share, for a total transaction of $159,975.20. Following the transaction, the director now directly 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 is available at the SEC website. Also, SVP Michael Cho sold 1,000 shares of the company’s stock in a transaction on 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 sale, the senior vice president now 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. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ZBRA. JPMorgan Chase & Co. raised its position in Zebra Technologies by 124.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 85,463 shares of the industrial products company’s stock valued at $8,591,000 after purchasing an additional 47,399 shares during the last quarter. Riverhead Capital Management LLC raised its position in Zebra Technologies by 248.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,405 shares of the industrial products company’s stock worth $945,000 after buying an additional 6,705 shares during the last quarter. Teachers Advisors LLC raised its position in Zebra Technologies by 39.9% during the 2nd quarter. Teachers Advisors LLC now owns 76,420 shares of the industrial products company’s stock worth $7,682,000 after buying an additional 21,782 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Zebra Technologies by 23.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 230,105 shares of the industrial products company’s stock worth $23,130,000 after buying an additional 43,646 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in Zebra Technologies by 100.6% during the 2nd quarter. Nationwide Fund Advisors now owns 177,123 shares of the industrial products company’s stock worth $17,804,000 after buying an additional 88,840 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

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Zebra Technologies 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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