Analysts Anticipate Zebra Technologies (ZBRA) Will Announce Quarterly Sales of $1.12 Billion

Equities research analysts expect that Zebra Technologies (NASDAQ:ZBRA) will announce $1.12 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Zebra Technologies’ earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.11 billion. Zebra Technologies reported sales of $1.03 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.7%. The business is expected to report its next quarterly earnings results on Thursday, February 28th.

On average, analysts expect that Zebra Technologies will report full year sales of $4.20 billion for the current financial year, with estimates ranging from $4.19 billion to $4.20 billion. For the next financial year, analysts forecast that the company will post sales of $4.42 billion, with estimates ranging from $4.37 billion to $4.45 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, November 6th. The industrial products company reported $2.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.60 by $0.28. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.87 EPS. Zebra Technologies’s revenue for the quarter was up 16.8% on a year-over-year basis.

Several research analysts recently commented on the company. Needham & Company LLC boosted their target price on Zebra Technologies from $165.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Northcoast Research set a $200.00 target price on Zebra Technologies and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Imperial Capital boosted their target price on Zebra Technologies from $180.00 to $190.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Wellington Shields cut Zebra Technologies from a “buy” rating to a “gradually accumulate” rating in a research note on Friday, September 14th. Finally, BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, September 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $172.44.

In other Zebra Technologies news, CEO Anders Gustafsson sold 11,588 shares of Zebra Technologies stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $169.06, for a total transaction of $1,959,067.28. Following the completion of the sale, the chief executive officer now directly owns 314,092 shares of the company’s stock, valued at approximately $53,100,393.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew K. Ludwick sold 34,000 shares of Zebra Technologies stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $178.04, for a total value of $6,053,360.00. Following the sale, the director now directly owns 34,952 shares of the company’s stock, valued at $6,222,854.08. The disclosure for this sale can be found here. Insiders have sold a total of 91,637 shares of company stock valued at $16,309,712 over the last ninety days. 2.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Psagot Investment House Ltd. purchased a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $129,000. Reilly Financial Advisors LLC purchased a new stake in shares of Zebra Technologies in the 3rd quarter valued at about $142,000. Synovus Financial Corp purchased a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $148,000. Moneta Group Investment Advisors LLC purchased a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $158,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Zebra Technologies in the 2nd quarter valued at about $180,000. 88.16% of the stock is owned by institutional investors.

ZBRA traded up $1.79 on Friday, hitting $180.70. 613,321 shares of the company were exchanged, compared to its average volume of 404,624. Zebra Technologies has a twelve month low of $101.49 and a twelve month high of $184.75. The stock has a market capitalization of $9.50 billion, a price-to-earnings ratio of 28.23 and a beta of 1.55. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.09 and a quick ratio of 0.64.

About Zebra Technologies

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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