Zebra Technologies (NASDAQ:ZBRA) Releases FY 2021 Earnings Guidance


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Zebra Technologies (NASDAQ:ZBRA) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $5.26 billion-$5.44 billion, compared to the consensus revenue estimate of $5.07 billion.Zebra Technologies also updated its Q2 guidance to $4.00-4.20 EPS.

ZBRA has been the subject of several research analyst reports. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $445.00 to $515.00 and gave the company a buy rating in a research report on Friday, February 12th. Zacks Investment Research upgraded shares of Zebra Technologies from a hold rating to a buy rating and set a $574.00 target price for the company in a research report on Friday, February 26th. Northcoast Research upgraded shares of Zebra Technologies from a neutral rating to a buy rating and set a $560.00 target price for the company in a research report on Monday, March 29th. Morgan Stanley reiterated an underweight rating and set a $410.00 target price (up from $380.00) on shares of Zebra Technologies in a research report on Tuesday, April 27th. Finally, William Blair reiterated a market perform rating on shares of Zebra Technologies in a research report on Friday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $411.13.

Shares of ZBRA stock traded down $8.43 during trading hours on Tuesday, hitting $470.62. 505,467 shares of the company’s stock were exchanged, compared to its average volume of 350,309. The company has a market capitalization of $25.16 billion, a PE ratio of 51.77 and a beta of 1.54. Zebra Technologies has a 12-month low of $215.52 and a 12-month high of $518.66. The business’s 50 day simple moving average is $488.25 and its 200-day simple moving average is $417.10. The company has a current ratio of 0.79, a quick ratio of 0.42 and a debt-to-equity ratio of 0.55.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, May 4th. The industrial products company reported $4.79 EPS for the quarter, topping the consensus estimate of $4.13 by $0.66. Zebra Technologies had a net margin of 11.41% and a return on equity of 34.83%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm earned $2.67 earnings per share. The firm’s revenue for the quarter was up 28.0% on a year-over-year basis. Equities analysts anticipate that Zebra Technologies will post 10.36 EPS for the current year.

In related news, CEO Anders Gustafsson sold 15,865 shares of Zebra Technologies stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $479.39, for a total value of $7,605,522.35. Following the transaction, the chief executive officer now directly owns 205,934 shares of the company’s stock, valued at $98,722,700.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard L. Keyser sold 15,000 shares of Zebra Technologies stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $489.91, for a total transaction of $7,348,650.00. Following the completion of the transaction, the director now directly owns 40,044 shares in the company, valued at $19,617,956.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,535 shares of company stock worth $25,429,582. 2.00% of the stock is owned by insiders.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution, as well as self-laminating wristbands for use in laser printers.

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