Zebra Technologies (NASDAQ:ZBRA) Releases Q4 2022 Earnings Guidance – MarketBeat

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Zebra Technologies (NASDAQ:ZBRA – Get Rating) updated its fourth quarter 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $4.50-$4.80 for the period, compared to the consensus estimate of $5.13. The company issued revenue guidance of $1.44 billion-$1.48 billion, compared to the consensus revenue estimate of $1.54 billion.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley reduced their target price on shares of Zebra Technologies from $335.00 to $225.00 and set an equal weight rating on the stock in a report on Friday, October 14th. Robert W. Baird dropped their price target on shares of Zebra Technologies from $330.00 to $300.00 in a research report on Wednesday, November 2nd. StockNews.com started coverage on shares of Zebra Technologies in a research report on Wednesday, October 12th. They issued a hold rating on the stock. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $450.00 to $330.00 and set a buy rating on the stock in a research report on Wednesday, November 2nd. Finally, Stephens dropped their price target on shares of Zebra Technologies from $600.00 to $500.00 and set an overweight rating on the stock in a research report on Wednesday, August 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $383.33.

Zebra Technologies Stock Up 2.5 %

Zebra Technologies stock opened at $236.36 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.90 and a debt-to-equity ratio of 0.76. Zebra Technologies has a 12-month low of $224.87 and a 12-month high of $615.00. The firm’s fifty day moving average is $274.59 and its 200 day moving average is $308.41. The company has a market capitalization of $12.24 billion, a PE ratio of 18.89 and a beta of 1.64.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its stake in Zebra Technologies by 6.5% during the 2nd quarter. Captrust Financial Advisors now owns 3,538 shares of the industrial products company’s stock valued at $1,040,000 after purchasing an additional 216 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Zebra Technologies by 28.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 159,637 shares of the industrial products company’s stock valued at $46,925,000 after purchasing an additional 35,102 shares in the last quarter. National Pension Service increased its stake in Zebra Technologies by 0.7% during the 2nd quarter. National Pension Service now owns 83,713 shares of the industrial products company’s stock valued at $24,607,000 after purchasing an additional 542 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in Zebra Technologies by 7.7% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,072 shares of the industrial products company’s stock valued at $609,000 after purchasing an additional 149 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in Zebra Technologies during the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Zebra Technologies

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Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.

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