$1.14 Billion in Sales Expected for Zebra Technologies (NASDAQ:ZBRA) This Quarter

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Wall Street brokerages predict that Zebra Technologies (NASDAQ:ZBRA) will announce sales of $1.14 billion for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Zebra Technologies’ earnings. Zebra Technologies posted sales of $1.09 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The business is expected to announce its next earnings results before the market opens on Tuesday, October 29th.

According to Zacks, analysts expect that Zebra Technologies will report full year sales of $4.50 billion for the current fiscal year, with estimates ranging from $4.48 billion to $4.53 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $4.70 billion, with estimates ranging from $4.65 billion to $4.77 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.32. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the company posted $2.48 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year.

A number of research firms recently issued reports on ZBRA. Morgan Stanley raised their price target on Zebra Technologies from $189.00 to $205.00 and gave the stock an “equal weight” rating in a report on Monday, September 16th. Robert W. Baird reissued an “outperform” rating and set a $235.00 price target (down previously from $245.00) on shares of Zebra Technologies in a report on Wednesday, October 9th. Zacks Investment Research raised Zebra Technologies from a “sell” rating to a “hold” rating in a report on Saturday. Wellington Shields lowered Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a report on Thursday, July 18th. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $245.00 price objective (up previously from $230.00) on shares of Zebra Technologies in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $230.38.

In other Zebra Technologies news, Director Chirantan Jitendra Desai sold 1,978 shares of Zebra Technologies stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $206.60, for a total value of $408,654.80. Following the sale, the director now owns 5,955 shares of the company’s stock, valued at approximately $1,230,303. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Colleen M. O’sullivan sold 1,549 shares of Zebra Technologies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $196.00, for a total value of $303,604.00. Following the completion of the sale, the chief accounting officer now directly owns 4,664 shares in the company, valued at approximately $914,144. The disclosure for this sale can be found here. Insiders sold a total of 23,177 shares of company stock worth $4,865,483 in the last ninety days. 1.77% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Shamrock Asset Management LLC acquired a new stake in shares of Zebra Technologies during the 2nd quarter valued at approximately $35,000. Bessemer Group Inc. lifted its position in shares of Zebra Technologies by 451.5% during the 2nd quarter. Bessemer Group Inc. now owns 182 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 149 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Zebra Technologies during the 3rd quarter valued at approximately $41,000. TCI Wealth Advisors Inc. lifted its position in shares of Zebra Technologies by 198.4% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 370 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 246 shares during the period. Finally, AdvisorNet Financial Inc lifted its position in shares of Zebra Technologies by 58.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 427 shares of the industrial products company’s stock valued at $89,000 after acquiring an additional 157 shares during the period. Institutional investors own 89.01% of the company’s stock.

NASDAQ ZBRA opened at $203.06 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.99 and a debt-to-equity ratio of 1.07. Zebra Technologies has a 52-week low of $140.95 and a 52-week high of $237.15. The business’s 50-day moving average price is $202.11 and its 200 day moving average price is $201.72. The firm has a market cap of $11.13 billion, a P/E ratio of 19.85 and a beta of 1.62.

About Zebra Technologies

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

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