Equities analysts expect Zebra Technologies Corp. (NASDAQ:ZBRA) to post $982.79 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Zebra Technologies’ earnings, with the lowest sales estimate coming in at $972.30 million and the highest estimate coming in at $996.00 million. Zebra Technologies posted sales of $942.00 million in the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, February 22nd.
On average, analysts expect that Zebra Technologies will report full year sales of $982.79 million for the current financial year, with estimates ranging from $3.64 billion to $3.69 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.80 billion per share, with estimates ranging from $3.78 billion to $3.85 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Zebra Technologies.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $2.33 EPS for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.21. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $984.33 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. Zebra Technologies’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business posted $1.93 earnings per share.
A number of analysts have issued reports on the company. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $95.00 to $120.00 in a research report on Wednesday, November 29th. Zacks Investment Research downgraded Zebra Technologies from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research report on Saturday, February 10th. Finally, JPMorgan Chase & Co. raised their target price on Zebra Technologies to $132.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 7th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $121.43.
In other Zebra Technologies news, SVP Michael Cho sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at $1,148,423.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Greenleaf Trust boosted its holdings in shares of Zebra Technologies by 98.0% in the fourth quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 495 shares during the period. Advisor Group Inc. boosted its holdings in shares of 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 acquiring an additional 13 shares during the period. Zions Bancorporation bought a new position in shares of Zebra Technologies in the third quarter worth $180,000. ARP Americas LLC bought a new position in shares of Zebra Technologies in the third quarter worth $202,000. Finally, Stifel Financial Corp bought a new position in shares of Zebra Technologies in the third quarter worth $239,000. 89.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Zebra Technologies (NASDAQ:ZBRA) traded up $0.28 on Monday, hitting $120.35. The company had a trading volume of 645,800 shares, compared to its average volume of 354,369. The company has a quick ratio of 0.74, a current ratio of 1.22 and a debt-to-equity ratio of 3.01. Zebra Technologies has a one year low of $84.32 and a one year high of $137.56. The stock has a market capitalization of $6,386.40, a P/E ratio of 230.37, a price-to-earnings-growth ratio of 2.15 and a beta of 1.67.
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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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