Brokerages Anticipate Zebra Technologies Co. (NASDAQ:ZBRA) Will Announce Earnings of $4.32 Per Share

Wall Street analysts expect Zebra Technologies Co. (NASDAQ:ZBRA) to announce earnings per share of $4.32 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Zebra Technologies’ earnings. The highest EPS estimate is $4.40 and the lowest is $4.24. Zebra Technologies posted earnings per share of $4.46 during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.1%. The business is scheduled to report its next quarterly earnings report on Thursday, February 10th.

On average, analysts expect that Zebra Technologies will report full-year earnings of $18.23 per share for the current year, with EPS estimates ranging from $18.16 to $18.31. For the next financial year, analysts anticipate that the company will report earnings of $18.72 per share, with EPS estimates ranging from $17.50 to $19.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Monday, November 1st. The industrial products company reported $4.55 EPS for the quarter, topping the Zacks’ consensus estimate of $4.06 by $0.49. Zebra Technologies had a return on equity of 36.87% and a net margin of 15.45%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm earned $3.04 earnings per share.

ZBRA has been the subject of a number of research reports. Needham & Company LLC raised their target price on shares of Zebra Technologies from $600.00 to $660.00 and gave the stock a “buy” rating in a report on Wednesday, November 3rd. Wolfe Research started coverage on shares of Zebra Technologies in a research report on Monday, November 8th. They issued an “outperform” rating for the company. UBS Group increased their target price on shares of Zebra Technologies from $610.00 to $615.00 and gave the stock a “buy” rating in a research report on Thursday, September 23rd. Stephens increased their target price on shares of Zebra Technologies from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Monday, September 13th. Finally, Robert W. Baird increased their target price on shares of Zebra Technologies from $490.00 to $560.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $582.71.

Shares of NASDAQ ZBRA traded down $0.72 during trading on Thursday, hitting $598.02. 198,693 shares of the company traded hands, compared to its average volume of 280,078. The company has a quick ratio of 0.69, a current ratio of 0.96 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $550.51 and a 200-day moving average price of $540.72. The firm has a market capitalization of $31.96 billion, a P/E ratio of 38.14 and a beta of 1.60. Zebra Technologies has a 1 year low of $363.00 and a 1 year high of $614.09.

In other Zebra Technologies news, insider Stephen Edgar Williams sold 76 shares of Zebra Technologies stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $591.84, for a total transaction of $44,979.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anders Gustafsson sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 18th. The stock was sold at an average price of $603.87, for a total value of $6,038,700.00. The disclosure for this sale can be found here. Insiders sold 18,076 shares of company stock worth $10,829,440 over the last 90 days. 1.11% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ZBRA. BlackRock Inc. grew its holdings in shares of Zebra Technologies by 19.9% during the second quarter. BlackRock Inc. now owns 4,743,757 shares of the industrial products company’s stock worth $2,511,770,000 after purchasing an additional 788,349 shares in the last quarter. Nordea Investment Management AB grew its holdings in shares of Zebra Technologies by 111.3% during the third quarter. Nordea Investment Management AB now owns 1,123,278 shares of the industrial products company’s stock worth $592,552,000 after purchasing an additional 591,608 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of Zebra Technologies by 16.4% during the second quarter. APG Asset Management N.V. now owns 1,656,679 shares of the industrial products company’s stock worth $739,687,000 after purchasing an additional 233,100 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Zebra Technologies by 15.1% in the second quarter. JPMorgan Chase & Co. now owns 1,410,592 shares of the industrial products company’s stock worth $746,895,000 after buying an additional 184,631 shares in the last quarter. Finally, Amundi purchased a new stake in Zebra Technologies in the second quarter worth approximately $66,254,000. 84.44% of the stock is owned by institutional investors.

About Zebra Technologies

Zebra Technologies Corp. engages in designing, manufacturing and selling of automatic identification and data capture products. Its products include mobile computers, barcode scanners, radio frequency identification devices (RFID) readers, specialty printers for barcode labeling and personal identification, real-time location systems, accessories and supplies, such as self-adhesive labels and other consumables, and software utilities and applications.

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