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

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Zebra Technologies (NASDAQ:ZBRA – Get Rating) will be issuing its quarterly earnings data before the market opens on Tuesday, August 2nd. Analysts expect the company to announce earnings of $3.93 per share for the quarter. Zebra Technologies has set its Q2 guidance at $4.05-4.35 EPS.Parties interested in registering for the company’s conference call can do so using this link.
Zebra Technologies (NASDAQ:ZBRA – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $3.76 earnings per share for the quarter, beating analysts’ consensus estimates of $3.48 by $0.28. Zebra Technologies had a net margin of 14.25% and a return on equity of 31.20%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm earned $4.47 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect Zebra Technologies to post $18 EPS for the current fiscal year and $21 EPS for the next fiscal year.

Zebra Technologies Price Performance

Shares of NASDAQ:ZBRA opened at $325.37 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.31. Zebra Technologies has a fifty-two week low of $283.72 and a fifty-two week high of $615.00. The firm has a 50-day simple moving average of $313.12 and a 200 day simple moving average of $387.28. The company has a market cap of $17.09 billion, a PE ratio of 21.49 and a beta of 1.61.
Zebra Technologies announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 17th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the industrial products company to buy up to 5.8% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZBRA. Cambridge Investment Research Advisors Inc. increased its stake in shares of Zebra Technologies by 13.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,815 shares of the industrial products company’s stock worth $1,165,000 after purchasing an additional 341 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Zebra Technologies by 102.2% during the 1st quarter. Panagora Asset Management Inc. now owns 2,230 shares of the industrial products company’s stock worth $923,000 after purchasing an additional 1,127 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Zebra Technologies by 45.0% during the 1st quarter. Raymond James Trust N.A. now owns 947 shares of the industrial products company’s stock worth $392,000 after purchasing an additional 294 shares during the last quarter. Sei Investments Co. increased its stake in shares of Zebra Technologies by 28.9% during the 1st quarter. Sei Investments Co. now owns 27,317 shares of the industrial products company’s stock worth $11,251,000 after purchasing an additional 6,119 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of Zebra Technologies by 97.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 300 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 85.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ZBRA. UBS Group lowered their price objective on shares of Zebra Technologies to $540.00 in a research report on Friday, June 3rd. Robert W. Baird decreased their price objective on shares of Zebra Technologies from $550.00 to $440.00 in a report on Wednesday, May 4th. TheStreet lowered shares of Zebra Technologies from a “b-” rating to a “c+” rating in a research note on Monday, June 27th. StockNews.com lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, June 9th. Finally, Morgan Stanley raised shares of Zebra Technologies from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $400.00 to $335.00 in a research note on Monday, May 23rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $502.50.

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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