Zebra Technologies Corp. (ZBRA) to Post FY2017 Earnings of $6.42 Per Share, Northcoast Research Forecasts

Zebra Technologies Corp. (NASDAQ:ZBRA) – Northcoast Research lifted their FY2017 earnings per share estimates for Zebra Technologies in a note issued to investors on Wednesday. Northcoast Research analyst K. Housum now anticipates that the industrial products company will post earnings per share of $6.42 for the year, up from their prior estimate of $6.41. Northcoast Research has a “Buy” rating on the stock.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.14. The company had revenue of $935.00 million during the quarter, compared to analyst estimates of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.43 EPS.

Several other equities analysts have also issued reports on ZBRA. Zacks Investment Research lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. JPMorgan Chase & Co. boosted their target price on Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. Wellington Shields upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, November 8th. Robert W. Baird restated a “buy” rating and set a $125.00 target price on shares of Zebra Technologies in a research report on Friday, November 10th. Finally, Imperial Capital upgraded Zebra Technologies from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $95.00 to $120.00 in a report on Wednesday, November 29th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $114.88.

Zebra Technologies (NASDAQ:ZBRA) opened at $118.80 on Thursday. The stock has a market capitalization of $6,320.00, a PE ratio of 208.42, a PEG ratio of 2.08 and a beta of 1.67. Zebra Technologies has a 12-month low of $84.32 and a 12-month high of $126.49. 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, SVP Michael Cho sold 1,000 shares of Zebra Technologies stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $110.15, for a total transaction of $110,150.00. Following the transaction, the senior vice president now owns 10,426 shares in the company, valued at approximately $1,148,423.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Greenleaf Trust lifted its stake in Zebra Technologies by 98.0% in the 4th quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 495 shares in the last quarter. Advisor Group Inc. lifted its stake in Zebra Technologies by 0.8% in the 2nd quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after acquiring an additional 13 shares in the last quarter. Zions Bancorporation bought a new stake in Zebra Technologies in the 3rd quarter valued at approximately $180,000. ARP Americas LLC bought a new stake in Zebra Technologies in the 3rd quarter valued at approximately $202,000. Finally, Stifel Financial Corp bought a new stake in Zebra Technologies in the 3rd quarter valued at approximately $239,000. Hedge funds and other institutional investors own 89.51% 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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