Analysts Expect Zebra Technologies (ZBRA) to Post $2.07 EPS

Wall Street brokerages forecast that Zebra Technologies (NASDAQ:ZBRA) will report earnings of $2.07 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Zebra Technologies’ earnings, with the lowest EPS estimate coming in at $2.03 and the highest estimate coming in at $2.14. Zebra Technologies reported earnings per share of $1.37 during the same quarter last year, which would suggest a positive year-over-year growth rate of 51.1%. The company is expected to issue its next quarterly earnings report on Tuesday, May 8th.

On average, analysts expect that Zebra Technologies will report full-year earnings of $9.30 per share for the current fiscal year, with EPS estimates ranging from $9.14 to $9.50. For the next year, analysts anticipate that the firm will report earnings of $9.99 per share, with EPS estimates ranging from $9.68 to $10.42. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Zebra Technologies.

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Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $2.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.21. Zebra Technologies had a return on equity of 42.96% and a net margin of 0.46%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $984.33 million. During the same period in the previous year, the firm posted $1.93 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year.

ZBRA has been the topic of several research reports. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a report on Saturday, January 13th. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Northcoast Research set a $162.00 target price on Zebra Technologies and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Needham & Company LLC lifted their target price on Zebra Technologies to $147.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $139.89.

In other Zebra Technologies news, CMO Jeffrey F. Schmitz sold 1,474 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $141.49, for a total transaction of $208,556.26. Following the sale, the chief marketing officer now directly owns 5,565 shares of the company’s stock, valued at $787,391.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anders Gustafsson sold 42,557 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $141.26, for a total value of $6,011,601.82. Following the sale, the chief executive officer now directly owns 311,338 shares in the company, valued at $43,979,605.88. The disclosure for this sale can be found here. Insiders have sold 56,780 shares of company stock worth $8,029,513 over the last three months. 2.40% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ZBRA. New York State Common Retirement Fund boosted its position in shares of Zebra Technologies by 1.7% during the third quarter. New York State Common Retirement Fund now owns 117,000 shares of the industrial products company’s stock valued at $12,704,000 after buying an additional 2,000 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Zebra Technologies by 3.8% during the third quarter. Ameriprise Financial Inc. now owns 168,618 shares of the industrial products company’s stock valued at $18,308,000 after buying an additional 6,143 shares during the period. Legal & General Group Plc boosted its position in shares of Zebra Technologies by 10.6% during the third quarter. Legal & General Group Plc now owns 48,629 shares of the industrial products company’s stock valued at $5,280,000 after buying an additional 4,645 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Zebra Technologies by 44.6% during the third quarter. JPMorgan Chase & Co. now owns 123,592 shares of the industrial products company’s stock valued at $13,476,000 after buying an additional 38,129 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Zebra Technologies by 11.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 293,214 shares of the industrial products company’s stock valued at $31,838,000 after buying an additional 29,917 shares during the period. 90.02% of the stock is currently owned by institutional investors.

Shares of ZBRA stock traded down $0.06 during trading hours on Monday, hitting $141.24. The stock had a trading volume of 330,739 shares, compared to its average volume of 352,064. Zebra Technologies has a one year low of $87.27 and a one year high of $148.71. The company has a current ratio of 1.06, a quick ratio of 0.61 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $7,539.87, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.17 and a beta of 1.45.

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About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, and sells a range of automatic identification and data capture (AIDC) products worldwide. It offers AIDC products, including mobile computers, barcode scanners, radio frequency identification device readers, specialty printers for barcode labeling and personal identification, and real-time location systems; related accessories and supplies, such as self-adhesive labels and other consumables; and software utilities and applications.

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