Zebra Technologies (NASDAQ:ZBRA) – Research analysts at Northcoast Research raised their Q3 2019 earnings estimates for shares of Zebra Technologies in a research note issued on Tuesday, October 15th. Northcoast Research analyst K. Housum now forecasts that the industrial products company will post earnings per share of $3.18 for the quarter, up from their prior forecast of $3.14. Northcoast Research also issued estimates for Zebra Technologies’ FY2019 earnings at $12.26 EPS, Q1 2020 earnings at $3.01 EPS, Q2 2020 earnings at $3.10 EPS, Q3 2020 earnings at $3.47 EPS, Q4 2020 earnings at $3.84 EPS and FY2020 earnings at $13.42 EPS.
Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, beating the Zacks’ consensus estimate of $2.70 by $0.32. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $2.48 EPS.
Other research analysts have also issued reports about the company. Imperial Capital reiterated an “outperform” rating and issued a $245.00 price objective (up from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. Morgan Stanley increased their price objective on Zebra Technologies from $189.00 to $205.00 and gave the company an “equal weight” rating in a research report on Monday, September 16th. Zacks Investment Research lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday. Atlantic Securities assumed coverage on Zebra Technologies in a research report on Tuesday, August 27th. They issued an “overweight” rating and a $230.00 price objective on the stock. Finally, BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 17th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Zebra Technologies has a consensus rating of “Hold” and a consensus target price of $227.00.
Shares of ZBRA opened at $202.15 on Wednesday. The firm has a market capitalization of $10.53 billion, a price-to-earnings ratio of 19.76 and a beta of 1.62. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 0.99. The business’s fifty day moving average price is $201.94 and its two-hundred day moving average price is $201.82. Zebra Technologies has a 52 week low of $140.95 and a 52 week high of $237.15.
In other news, CEO Anders Gustafsson sold 19,650 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $211.36, for a total value of $4,153,224.00. Following the transaction, the chief executive officer now directly owns 283,533 shares in the company, valued at approximately $59,927,534.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Colleen M. O’sullivan sold 1,549 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $196.00, for a total value of $303,604.00. Following the completion of the transaction, the chief accounting officer now owns 4,664 shares in the company, valued at $914,144. The disclosure for this sale can be found here. Insiders sold a total of 23,177 shares of company stock worth $4,865,483 over the last 90 days. 1.77% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Three Peaks Capital Management LLC boosted its position in shares of Zebra Technologies by 26.9% in the 3rd quarter. Three Peaks Capital Management LLC now owns 25,919 shares of the industrial products company’s stock worth $5,349,000 after purchasing an additional 5,488 shares during the last quarter. Wambolt & Associates LLC acquired a new stake in Zebra Technologies during the 3rd quarter worth $301,000. Nwam LLC acquired a new stake in Zebra Technologies during the 3rd quarter worth $346,000. Varma Mutual Pension Insurance Co raised its stake in Zebra Technologies by 33.3% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 40,000 shares of the industrial products company’s stock worth $8,254,000 after buying an additional 10,000 shares during the period. Finally, We Are One Seven LLC raised its stake in Zebra Technologies by 1.6% during the 3rd quarter. We Are One Seven LLC now owns 3,725 shares of the industrial products company’s stock worth $769,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 89.01% of the company’s stock.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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