Zebra Technologies Corporation (NASDAQ:ZBRA) – Stock analysts at William Blair upped their Q3 2017 earnings per share estimates for Zebra Technologies Corporation in a research note issued to investors on Tuesday. William Blair analyst B. Drab now forecasts that the industrial products company will post earnings of $1.64 per share for the quarter, up from their previous forecast of $1.49. William Blair also issued estimates for Zebra Technologies Corporation’s Q4 2017 earnings at $1.99 EPS.

A number of other equities research analysts also recently issued reports on ZBRA. Zacks Investment Research upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research report on Wednesday, April 26th. Wells Fargo & Company downgraded Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 10th. Barrington Research increased their price target on Zebra Technologies Corporation from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $107.00 price target on shares of Zebra Technologies Corporation in a report on Monday, May 22nd. Finally, ValuEngine downgraded Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Zebra Technologies Corporation presently has a consensus rating of “Hold” and a consensus price target of $96.19.

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Zebra Technologies Corporation (ZBRA) opened at 102.50 on Friday. The firm has a 50-day moving average price of $100.86 and a 200-day moving average price of $95.16. Zebra Technologies Corporation has a 52 week low of $62.91 and a 52 week high of $109.30. The stock’s market capitalization is $5.41 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.17. The business had revenue of $897 million for the quarter, compared to analysts’ expectations of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 EPS.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Zebra Technologies Corporation by 16.8% in the second quarter. BlackRock Inc. now owns 4,838,648 shares of the industrial products company’s stock valued at $486,381,000 after buying an additional 695,821 shares during the period. Vanguard Group Inc. boosted its position in shares of Zebra Technologies Corporation by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,116,659 shares of the industrial products company’s stock valued at $375,645,000 after buying an additional 210,112 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Zebra Technologies Corporation by 118.7% in the second quarter. Bank of New York Mellon Corp now owns 1,485,758 shares of the industrial products company’s stock valued at $149,349,000 after buying an additional 806,297 shares during the period. State Street Corp boosted its position in shares of Zebra Technologies Corporation by 2.1% in the first quarter. State Street Corp now owns 1,350,444 shares of the industrial products company’s stock valued at $123,234,000 after buying an additional 27,838 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Zebra Technologies Corporation by 19.8% in the second quarter. Franklin Resources Inc. now owns 686,840 shares of the industrial products company’s stock valued at $69,041,000 after buying an additional 113,650 shares during the period. 94.49% of the stock is currently owned by institutional investors.

In related news, SVP Hugh K. Gagnier sold 9,388 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the transaction, the senior vice president now owns 48,460 shares of the company’s stock, valued at $4,866,353.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael Cho sold 1,572 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the completion of the transaction, the senior vice president now directly owns 10,426 shares in the company, valued at approximately $1,123,505.76. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,881 shares of company stock worth $1,954,954. Company insiders own 2.50% of the company’s stock.

About Zebra Technologies Corporation

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

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

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