Brokerages Expect Zebra Technologies (ZBRA) to Post $2.07 Earnings Per Share

Equities research analysts predict that Zebra Technologies (NASDAQ:ZBRA) will post $2.07 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Zebra Technologies’ earnings. The lowest EPS estimate is $2.03 and the highest is $2.14. Zebra Technologies posted earnings per share of $1.37 in the same quarter last year, which would indicate a positive year-over-year growth rate of 51.1%. The business is expected to issue its next quarterly earnings report on Tuesday, May 8th.

On average, analysts expect that Zebra Technologies will report full year earnings of $9.30 per share for the current fiscal year, with EPS estimates ranging from $9.14 to $9.50. For the next financial year, analysts anticipate that the company will report earnings of $9.99 per share, with EPS estimates ranging from $9.68 to $10.42. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Zebra Technologies.

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Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $2.33 EPS for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.21. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $984.33 million. Zebra Technologies had a net margin of 0.46% and a return on equity of 42.96%. Zebra Technologies’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.93 EPS.



ZBRA has been the subject of several analyst reports. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a research note on Saturday, January 13th. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Northcoast Research set a $162.00 price target on shares of Zebra Technologies and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Needham & Company LLC increased their price target on shares of Zebra Technologies to $147.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Zebra Technologies presently has an average rating of “Buy” and a consensus target price of $139.89.

ZBRA stock traded up $0.55 during mid-day trading on Monday, reaching $141.79. The company’s stock had a trading volume of 234,733 shares, compared to its average volume of 389,022. Zebra Technologies has a fifty-two week low of $87.27 and a fifty-two week high of $148.71. The company has a current ratio of 1.06, a quick ratio of 0.61 and a debt-to-equity ratio of 2.61. The company has a market cap of $7,536.67, a price-to-earnings ratio of 22.15, a PEG ratio of 2.17 and a beta of 1.45.

In related news, Director Ross W. Manire sold 2,000 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $135.17, for a total transaction of $270,340.00. Following the completion of the transaction, the director now owns 27,432 shares of the company’s stock, valued at approximately $3,707,983.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jeffrey F. Schmitz sold 1,474 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $141.49, for a total transaction of $208,556.26. Following the transaction, the chief marketing officer now directly owns 5,565 shares of the company’s stock, valued at approximately $787,391.85. The disclosure for this sale can be found here. In the last three months, insiders sold 56,780 shares of company stock valued at $8,029,513. Corporate insiders own 2.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB purchased a new position in shares of Zebra Technologies during the 4th quarter worth approximately $501,000. Envestnet Asset Management Inc. boosted its position in shares of Zebra Technologies by 4.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,629 shares of the industrial products company’s stock worth $1,519,000 after purchasing an additional 632 shares during the period. Halsey Associates Inc. CT purchased a new position in shares of Zebra Technologies during the 4th quarter worth approximately $324,000. MetLife Investment Advisors LLC purchased a new position in shares of Zebra Technologies during the 4th quarter worth approximately $3,493,000. Finally, Macquarie Group Ltd. boosted its position in shares of Zebra Technologies by 5.4% during the 4th quarter. Macquarie Group Ltd. now owns 197,764 shares of the industrial products company’s stock worth $20,527,000 after purchasing an additional 10,202 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

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About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, and sells a range of automatic identification and data capture (AIDC) products worldwide. It offers AIDC products, including mobile computers, barcode scanners, radio frequency identification device readers, specialty printers for barcode labeling and personal identification, and real-time location systems; related accessories and supplies, such as self-adhesive labels and other consumables; and software utilities and applications.

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