Northcoast Research Weighs in on Zebra Technologies Corp.’s FY2018 Earnings (ZBRA)

Zebra Technologies Corp. (NASDAQ:ZBRA) – Northcoast Research upped their FY2018 EPS estimates for Zebra Technologies in a report released on Tuesday. Northcoast Research analyst K. Housum now forecasts that the industrial products company will earn $8.00 per share for the year, up from their prior forecast of $7.52. Northcoast Research currently has a “Buy” rating on the stock.

Several other research firms also recently weighed in on ZBRA. Zacks Investment Research downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Imperial Capital raised shares of Zebra Technologies from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $95.00 to $120.00 in a research note on Wednesday, November 29th. JPMorgan Chase & Co. boosted their price target on shares of Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 7th. Finally, Robert W. Baird reissued a “buy” rating and issued a $125.00 price target on shares of Zebra Technologies in a research note on Friday, November 10th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $114.88.

Zebra Technologies (NASDAQ ZBRA) traded up $0.76 during trading on Thursday, reaching $114.78. 402,900 shares of the company’s stock traded hands, compared to its average volume of 325,357. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. The company has a market capitalization of $6,320.00, a P/E ratio of 201.37, a PEG ratio of 1.99 and a beta of 1.59. Zebra Technologies has a 1-year low of $81.02 and a 1-year high of $117.44.

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

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 price of $103.88 per share, for a total transaction of $159,975.20. Following the completion of the transaction, the director now owns 12,556 shares of the company’s stock, valued at $1,304,317.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michael Cho sold 1,000 shares of the business’s 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 owns 10,426 shares in the company, 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 insiders.

Hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Zebra Technologies by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after buying an additional 71 shares during the period. Principal Financial Group Inc. increased its position in shares of Zebra Technologies by 4.2% during the second quarter. Principal Financial Group Inc. now owns 225,896 shares of the industrial products company’s stock valued at $22,707,000 after buying an additional 9,039 shares during the period. Swiss National Bank increased its position in shares of Zebra Technologies by 1.0% during the second quarter. Swiss National Bank now owns 88,146 shares of the industrial products company’s stock valued at $8,860,000 after buying an additional 900 shares during the period. JPMorgan Chase & Co. increased its position in shares of Zebra Technologies by 124.5% during the second quarter. JPMorgan Chase & Co. now owns 85,463 shares of the industrial products company’s stock valued at $8,591,000 after buying an additional 47,399 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Zebra Technologies by 19.8% during the second quarter. Franklin Resources Inc. now owns 686,840 shares of the industrial products company’s stock valued at $69,041,000 after buying an additional 113,650 shares during the period. Hedge funds and other institutional investors own 89.64% 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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