Zebra Technologies (NASDAQ:ZBRA) Issues Q3 2022 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRAGet Rating) updated its third quarter 2022 earnings guidance on Tuesday. The company provided EPS guidance of $4.35-$4.65 for the period, compared to the consensus EPS estimate of $5.08. The company issued revenue guidance of $1.47 billion-$1.49 billion, compared to the consensus revenue estimate of $1.51 billion. Zebra Technologies also updated its FY 2022 guidance to EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC dropped their price target on shares of Zebra Technologies from $500.00 to $450.00 and set a buy rating for the company in a research report on Wednesday. UBS Group lowered their price objective on shares of Zebra Technologies from $510.00 to $495.00 and set a buy rating for the company in a research report on Thursday. StockNews.com downgraded shares of Zebra Technologies from a buy rating to a hold rating in a research report on Thursday, June 9th. Stephens lowered their price objective on shares of Zebra Technologies from $600.00 to $500.00 and set an overweight rating for the company in a research report on Wednesday. Finally, Robert W. Baird lowered their price objective on shares of Zebra Technologies from $550.00 to $440.00 in a research report on Wednesday, May 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $453.33.

Zebra Technologies Trading Up 0.3 %

ZBRA traded up $1.12 during trading on Friday, reaching $331.70. 265,584 shares of the stock traded hands, compared to its average volume of 462,869. The company has a quick ratio of 0.61, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $17.42 billion, a PE ratio of 25.55 and a beta of 1.64. The stock’s 50-day moving average is $314.58 and its 200 day moving average is $378.56. Zebra Technologies has a 12 month low of $283.72 and a 12 month high of $615.00.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.68. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Zebra Technologies had a net margin of 8.56% and a return on equity of 31.30%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.17 earnings per share. Equities analysts anticipate that Zebra Technologies will post 17.76 earnings per share for the current year.

Zebra Technologies declared that its board has initiated a share buyback program on Tuesday, May 17th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Zebra Technologies

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

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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