Zebra Technologies (ZBRA) Scheduled to Post Earnings on Tuesday – MarketBeat

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Zebra Technologies (NASDAQ:ZBRA – Get Rating) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, November 1st. Analysts expect the company to announce earnings of $4.21 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.93 by $0.29. Zebra Technologies had a return on equity of 31.30% and a net margin of 8.56%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company posted $4.17 earnings per share. Zebra Technologies’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts expect Zebra Technologies to post $17 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $265.72 on Tuesday. The stock has a 50-day simple moving average of $288.43 and a two-hundred day simple moving average of $318.72. Zebra Technologies has a 52-week low of $248.17 and a 52-week high of $615.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.56 and a current ratio of 0.85. The firm has a market capitalization of $13.76 billion, a PE ratio of 20.53 and a beta of 1.67.

Insider Transactions at Zebra Technologies

In other news, insider Stephen Edgar Williams sold 2,331 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $328.50, for a total value of $765,733.50. Following the completion of the sale, the insider now owns 1,976 shares of the company’s stock, valued at approximately $649,116. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On Zebra Technologies

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ZBRA. UBS Group dropped their price target on Zebra Technologies from $510.00 to $495.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. StockNews.com assumed coverage on Zebra Technologies in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet cut Zebra Technologies from a “b-” rating to a “c+” rating in a research note on Monday, June 27th. Morgan Stanley dropped their price objective on Zebra Technologies from $335.00 to $225.00 and set an “equal weight” rating on the stock in a research note on Friday, October 14th. Finally, Needham & Company LLC dropped their price objective on Zebra Technologies from $500.00 to $450.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and an average price target of $435.00.

Zebra Technologies Company Profile

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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.

See Also

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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