Zebra Technologies (NASDAQ:ZBRA) Issues Earnings Results

Zebra Technologies (NASDAQ:ZBRA) issued its earnings results on Tuesday. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.13 by $0.71, RTT News reports. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.59 EPS.

Zebra Technologies Price Performance

Shares of ZBRA opened at $309.05 on Thursday. The company has a market cap of $15.88 billion, a price-to-earnings ratio of 61.32 and a beta of 1.75. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $322.95. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a 50 day moving average of $288.42 and a two-hundred day moving average of $257.08.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZBRA. Stephens upped their target price on shares of Zebra Technologies from $335.00 to $380.00 and gave the stock an “overweight” rating in a research note on Wednesday. Robert W. Baird upped their target price on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday. StockNews.com downgraded shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Truist Financial reiterated a “hold” rating and set a $315.00 price objective (up from $300.00) on shares of Zebra Technologies in a research note on Wednesday. Finally, UBS Group increased their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Zebra Technologies presently has an average rating of “Hold” and a consensus price target of $310.64.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at $1,548,492.48. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.06% of the stock is owned by insiders.

About Zebra Technologies

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.