Zebra Technologies (ZBRA) Expected to Announce Earnings of $2.74 Per Share

Brokerages expect Zebra Technologies (NASDAQ:ZBRA) to announce earnings per share of $2.74 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Zebra Technologies’ earnings, with the highest EPS estimate coming in at $2.88 and the lowest estimate coming in at $2.52. Zebra Technologies reported earnings per share of $2.33 in the same quarter last year, which suggests a positive year-over-year growth rate of 17.6%. The business is scheduled to announce its next earnings report on Thursday, February 28th.

On average, analysts expect that Zebra Technologies will report full year earnings of $10.43 per share for the current year, with EPS estimates ranging from $10.12 to $10.76. For the next year, analysts expect that the business will post earnings of $11.29 per share, with EPS estimates ranging from $10.85 to $11.76. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $2.88 EPS for the quarter, beating the Zacks’ consensus estimate of $2.60 by $0.28. Zebra Technologies had a net margin of 7.55% and a return on equity of 49.81%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm earned $1.87 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year.

ZBRA has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $180.00 price target on shares of Zebra Technologies in a report on Friday, September 21st. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 28th. Imperial Capital increased their price target on shares of Zebra Technologies from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, September 21st. Needham & Company LLC increased their price target on shares of Zebra Technologies from $175.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Finally, Northcoast Research set a $200.00 price target on shares of Zebra Technologies and gave the company a “buy” rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. Zebra Technologies currently has a consensus rating of “Buy” and an average target price of $168.33.

In related news, SVP Michael H. Terzich sold 3,097 shares of the stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $162.16, for a total value of $502,209.52. Following the sale, the senior vice president now directly owns 31,193 shares of the company’s stock, valued at approximately $5,058,256.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Anders Gustafsson sold 24,916 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $163.15, for a total transaction of $4,065,045.40. Following the completion of the sale, the chief executive officer now directly owns 314,092 shares in the company, valued at $51,244,109.80. The disclosure for this sale can be found here. Insiders sold a total of 53,835 shares of company stock worth $8,892,693 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of ZBRA. Psagot Investment House Ltd. purchased a new stake in Zebra Technologies in the 2nd quarter worth about $129,000. Reilly Financial Advisors LLC purchased a new stake in Zebra Technologies in the 3rd quarter worth about $142,000. Synovus Financial Corp purchased a new stake in Zebra Technologies in the 2nd quarter worth about $148,000. Moneta Group Investment Advisors LLC purchased a new stake in Zebra Technologies in the 2nd quarter worth about $158,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in Zebra Technologies in the 2nd quarter worth about $180,000. 87.27% of the stock is currently owned by institutional investors.

Shares of NASDAQ:ZBRA traded down $0.98 during trading on Friday, reaching $181.50. The company’s stock had a trading volume of 421,109 shares, compared to its average volume of 401,813. The company has a current ratio of 1.09, a quick ratio of 0.64 and a debt-to-equity ratio of 1.51. Zebra Technologies has a 12 month low of $101.49 and a 12 month high of $184.75. The company has a market cap of $9.60 billion, a price-to-earnings ratio of 28.36 and a beta of 1.55.

Zebra Technologies Company Profile

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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