$874.81 Million in Sales Expected for Zebra Technologies Corporation (ZBRA) This Quarter
Equities research analysts expect Zebra Technologies Corporation (NASDAQ:ZBRA) to report $874.81 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Zebra Technologies Corporation’s earnings. The lowest sales estimate is $861.00 million and the highest is $881.13 million. Zebra Technologies Corporation posted sales of $879.00 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The business is expected to announce its next earnings results before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Zebra Technologies Corporation will report full year sales of $874.81 million for the current year, with estimates ranging from $3.57 billion to $3.60 billion. For the next fiscal year, analysts expect that the firm will post sales of $3.68 billion per share, with estimates ranging from $3.61 billion to $3.74 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Zebra Technologies Corporation.
Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.07. The business had revenue of $865 million for the quarter, compared to analysts’ expectations of $847.76 million. Zebra Technologies Corporation had a positive return on equity of 37.96% and a negative net margin of 2.98%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS.
ZBRA has been the subject of a number of research reports. Zacks Investment Research lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Morgan Stanley lowered Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $95.00 to $100.00 in a research note on Wednesday, May 31st. They noted that the move was a valuation call. Wells Fargo & Company lowered Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 10th. ValuEngine lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Zebra Technologies Corporation in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $94.82.
In other news, SVP Hugh K. Gagnier sold 9,388 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total value of $942,742.96. Following the sale, the senior vice president now directly owns 48,460 shares in the company, valued at $4,866,353.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michael Cho sold 1,572 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the completion of the sale, the senior vice president now owns 10,426 shares in the company, valued at $1,123,505.76. The disclosure for this sale can be found here. Insiders sold a total of 27,602 shares of company stock valued at $2,819,641 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.
Large investors have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in shares of Zebra Technologies Corporation during the second quarter valued at $100,000. Meadow Creek Investment Management LLC increased its stake in shares of Zebra Technologies Corporation by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock valued at $120,000 after buying an additional 48 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Zebra Technologies Corporation during the first quarter valued at $140,000. Neuburgh Advisers LLC increased its stake in shares of Zebra Technologies Corporation by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock valued at $165,000 after buying an additional 66 shares during the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of Zebra Technologies Corporation during the first quarter valued at $183,000. Hedge funds and other institutional investors own 94.49% of the company’s stock.
Shares of Zebra Technologies Corporation (NASDAQ:ZBRA) traded up 1.09% during trading on Friday, reaching $97.25. The company’s stock had a trading volume of 782,276 shares. The company has a 50 day moving average of $101.81 and a 200-day moving average of $94.57. Zebra Technologies Corporation has a 12-month low of $56.20 and a 12-month high of $109.30. The stock’s market cap is $5.13 billion.
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About Zebra Technologies Corporation
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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