Zebra Technologies (NASDAQ:ZBRA) Updates Q4 2022 Earnings Guidance – MarketBeat
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Zebra Technologies (NASDAQ:ZBRA – Get Rating) updated its fourth quarter 2022 earnings guidance on Friday. The company provided earnings per share guidance of $4.50-$4.80 for the period, compared to the consensus earnings per share estimate of $4.59. The company issued revenue guidance of $1.44 billion-$1.48 billion, compared to the consensus revenue estimate of $1.45 billion.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ZBRA. Robert W. Baird reduced their price target on shares of Zebra Technologies from $330.00 to $300.00 in a research report on Wednesday, November 2nd. Needham & Company LLC reduced their target price 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. 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 research report on Friday, October 14th. Wolfe Research cut shares of Zebra Technologies from a market perform rating to an underperform rating in a research report on Thursday, December 1st. Finally, StockNews.com began coverage on shares of Zebra Technologies in a research report on Wednesday, October 12th. They set a hold rating on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $383.33.
Zebra Technologies Trading Up 0.1 %
ZBRA opened at $252.82 on Friday. The stock has a market capitalization of $13.05 billion, a PE ratio of 20.21 and a beta of 1.61. The firm’s fifty day moving average price is $260.71 and its 200 day moving average price is $293.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.90 and a quick ratio of 0.51. Zebra Technologies has a 12-month low of $224.87 and a 12-month high of $615.00.
Institutional Trading of Zebra Technologies
Institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. raised its holdings in Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 55 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Zebra Technologies by 97.4% during the first quarter. Canada Pension Plan Investment Board now owns 300 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 148 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Zebra Technologies during the second quarter valued at $212,000. Studio Investment Management LLC increased its stake in Zebra Technologies by 26.1% during the first quarter. Studio Investment Management LLC now owns 594 shares of the industrial products company’s stock valued at $246,000 after purchasing an additional 123 shares during the last quarter. Finally, Donaldson Capital Management LLC bought a new stake in Zebra Technologies during the first quarter valued at $258,000. 85.65% of the stock is owned by institutional investors and hedge funds.
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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