Zebra Technologies (NASDAQ:ZBRA) posted its quarterly earnings results on Tuesday. The industrial products company reported $2.88 EPS for the quarter, beating the consensus estimate of $2.60 by $0.28, MarketWatch Earnings reports. Zebra Technologies had a return on equity of 49.48% and a net margin of 4.33%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $1.87 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Zebra Technologies updated its Q4 2018 guidance to $2.80-3.00 EPS and its Q4 guidance to $2.80-3.00 EPS.
Shares of Zebra Technologies stock opened at $178.74 on Wednesday. The company has a market capitalization of $9.02 billion, a P/E ratio of 27.93 and a beta of 1.55. Zebra Technologies has a fifty-two week low of $101.49 and a fifty-two week high of $184.75. The company has a quick ratio of 0.64, a current ratio of 1.09 and a debt-to-equity ratio of 1.78.
Several brokerages recently weighed in on ZBRA. BidaskClub upgraded Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Northcoast Research set a $200.00 price objective on Zebra Technologies and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Needham & Company LLC increased their price objective on Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Zacks Investment Research lowered Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 16th. Finally, JPMorgan Chase & Co. set a $170.00 price objective on Zebra Technologies and gave the stock a “buy” rating in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Zebra Technologies currently has an average rating of “Buy” and an average target price of $166.22.
In other news, Director Michael A. Smith sold 633 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $164.84, for a total transaction of $104,343.72. Following the completion of the transaction, the director now directly owns 59,829 shares in the company, valued at $9,862,212.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Anders Gustafsson sold 24,916 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $163.15, for a total value of $4,065,045.40. Following the transaction, the chief executive officer now owns 314,092 shares of the company’s stock, valued at $51,244,109.80. The disclosure for this sale can be found here. Insiders sold 59,538 shares of company stock valued at $9,817,605 over the last quarter. 2.30% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ZBRA. Wells Fargo & Company MN boosted its position in shares of Zebra Technologies by 65.0% during the third quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock worth $269,919,000 after buying an additional 601,225 shares during the period. Columbus Circle Investors boosted its position in shares of Zebra Technologies by 76.3% during the second quarter. Columbus Circle Investors now owns 586,742 shares of the industrial products company’s stock worth $84,051,000 after buying an additional 253,867 shares during the period. FMR LLC boosted its position in shares of Zebra Technologies by 2,416.1% during the second quarter. FMR LLC now owns 226,445 shares of the industrial products company’s stock worth $32,438,000 after buying an additional 217,445 shares during the period. First Trust Advisors LP boosted its position in shares of Zebra Technologies by 1,330.4% during the second quarter. First Trust Advisors LP now owns 196,692 shares of the industrial products company’s stock worth $28,176,000 after buying an additional 182,941 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Zebra Technologies by 3.8% during the second quarter. BlackRock Inc. now owns 4,634,346 shares of the industrial products company’s stock worth $663,870,000 after buying an additional 167,854 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.
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Zebra Technologies Company Profile
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
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