Zacks: Analysts Anticipate Zebra Technologies (ZBRA) Will Post Quarterly Sales of $989.43 Million

Wall Street analysts expect Zebra Technologies (NASDAQ:ZBRA) to report $989.43 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Zebra Technologies’ earnings. The lowest sales estimate is $988.97 million and the highest is $989.88 million. Zebra Technologies reported sales of $896.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.4%. The firm is expected to report its next quarterly earnings results on Tuesday, August 14th.

On average, analysts expect that Zebra Technologies will report full-year sales of $3.96 billion for the current fiscal year, with estimates ranging from $3.93 billion to $4.01 billion. For the next fiscal year, analysts forecast that the company will report sales of $4.05 billion per share, with estimates ranging from $3.85 billion to $4.17 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, May 8th. The industrial products company reported $2.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.51. Zebra Technologies had a net margin of 3.08% and a return on equity of 47.70%. The firm had revenue of $977.00 million during the quarter, compared to the consensus estimate of $935.85 million. During the same period last year, the firm posted $1.37 EPS. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis.

ZBRA has been the subject of several recent research reports. ValuEngine upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating and set a $138.00 target price for the company. in a report on Saturday, February 3rd. Needham & Company LLC raised their target price on shares of Zebra Technologies to $147.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Morgan Stanley restated an “equal weight” rating and set a $125.00 target price (up from $108.00) on shares of Zebra Technologies in a report on Friday, February 23rd. Finally, Barrington Research raised their target price on shares of Zebra Technologies to $150.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $147.78.

In other Zebra Technologies news, Director Ross W. Manire sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $135.17, for a total transaction of $270,340.00. Following the sale, the director now directly owns 27,432 shares of the company’s stock, valued at approximately $3,707,983.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anders Gustafsson sold 42,557 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $141.26, for a total transaction 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 a total of 79,681 shares of company stock worth $11,523,873 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in ZBRA. Greenleaf Trust boosted its stake in shares of Zebra Technologies by 98.0% during the 4th quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 495 shares during the last quarter. Optimum Investment Advisors acquired a new stake in shares of Zebra Technologies during the 1st quarter worth about $151,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Zebra Technologies in the first quarter worth approximately $177,000. LaSalle Street Capital Management LLC acquired a new stake in shares of Zebra Technologies in the first quarter worth approximately $200,000. Finally, Delpha Capital Management LLC boosted its position in shares of Zebra Technologies by 57.0% in the first quarter. Delpha Capital Management LLC now owns 1,499 shares of the industrial products company’s stock worth $209,000 after acquiring an additional 544 shares during the last quarter. 88.69% of the stock is currently owned by institutional investors.

Zebra Technologies opened at $153.65 on Tuesday, Marketbeat.com reports. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.13. Zebra Technologies has a twelve month low of $153.03 and a twelve month high of $155.89. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 24.01, a price-to-earnings-growth ratio of 2.32 and a beta of 1.47.

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.

Get a free copy of the Zacks research report on Zebra Technologies (ZBRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Zebra Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply