Zacks: Analysts Expect Zebra Technologies (NASDAQ:ZBRA) to Announce $2.90 Earnings Per Share

Analysts expect Zebra Technologies (NASDAQ:ZBRA) to announce earnings of $2.90 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Zebra Technologies’ earnings, with the highest EPS estimate coming in at $2.91 and the lowest estimate coming in at $2.88. Zebra Technologies reported earnings per share of $2.48 in the same quarter last year, which suggests a positive year over year growth rate of 16.9%. The company is expected to report its next earnings results before the market opens on Tuesday, July 30th.

On average, analysts expect that Zebra Technologies will report full-year earnings of $12.59 per share for the current year, with EPS estimates ranging from $12.46 to $12.80. For the next year, analysts forecast that the firm will post earnings of $13.50 per share, with EPS estimates ranging from $12.83 to $13.88. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.04. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business earned $2.56 EPS. Zebra Technologies’s quarterly revenue was up 9.1% compared to the same quarter last year.

A number of brokerages have issued reports on ZBRA. Zacks Investment Research lowered Zafgen from a “buy” rating to a “hold” rating in a research report on Saturday. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday, July 12th. Imperial Capital began coverage on SUNDANCE ENERGY/S in a research report on Thursday, May 2nd. They issued an “outperform” rating and a $6.00 target price on the stock. Wellington Shields lowered Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. Finally, BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $215.38.

In other Zebra Technologies news, CEO Anders Gustafsson sold 20,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $200.45, for a total value of $4,009,000.00. Following the sale, the chief executive officer now directly owns 303,533 shares of the company’s stock, valued at $60,843,189.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Olivier Leonetti sold 3,500 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $195.00, for a total value of $682,500.00. Following the completion of the sale, the chief financial officer now directly owns 22,387 shares in the company, valued at $4,365,465. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,504 shares of company stock worth $9,016,997. Corporate insiders own 1.77% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trust Co. of Vermont grew its stake in shares of Zebra Technologies by 125.0% in the first quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 75 shares in the last quarter. Bessemer Group Inc. boosted its stake in Zebra Technologies by 451.5% during the second quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock valued at $38,000 after buying an additional 149 shares in the last quarter. Trustcore Financial Services LLC bought a new position in Zebra Technologies during the first quarter valued at about $42,000. Huntington National Bank boosted its stake in Zebra Technologies by 62.9% during the first quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock valued at $42,000 after buying an additional 78 shares in the last quarter. Finally, Executive Wealth Management LLC bought a new position in Zebra Technologies during the fourth quarter valued at about $43,000. 86.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ZBRA traded down $0.15 during trading on Friday, reaching $182.09. The company’s stock had a trading volume of 5,970 shares, compared to its average volume of 654,269. The business’s fifty day moving average price is $197.84. Zebra Technologies has a twelve month low of $136.16 and a twelve month high of $237.15. The company has a market cap of $9.88 billion, a P/E ratio of 17.76 and a beta of 1.61. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.00.

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.

Recommended Story: Fundamental Analysis and Choosing Stocks

Get a free copy of the Zacks research report on Zebra Technologies (ZBRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Zebra Technologies (NASDAQ:ZBRA)

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.