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.
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