Zebra Technologies Corporation (NASDAQ:ZBRA) Forecasted to Post Q3 2017 Earnings of $1.64 Per Share

Zebra Technologies Corporation (NASDAQ:ZBRA) – William Blair lifted their Q3 2017 earnings estimates for Zebra Technologies Corporation in a research report issued on Tuesday. William Blair analyst B. Drab now anticipates that the industrial products company will post earnings of $1.64 per share for the quarter, up from their previous forecast of $1.49. William Blair also issued estimates for Zebra Technologies Corporation’s Q4 2017 earnings at $1.99 EPS.

A number of other research firms have also commented on ZBRA. ValuEngine raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research raised Zebra Technologies Corporation from a “sell” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Friday, June 9th. Morgan Stanley lowered Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a “buy” rating and set a $118.00 price target (up previously from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday. Finally, BidaskClub lowered Zebra Technologies Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Zebra Technologies Corporation currently has a consensus rating of “Hold” and an average target price of $96.19.

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Shares of Zebra Technologies Corporation (ZBRA) opened at 103.49 on Friday. Zebra Technologies Corporation has a one year low of $62.91 and a one year high of $109.30. The company’s market capitalization is $5.50 billion. The firm has a 50-day moving average price of $100.82 and a 200-day moving average price of $95.29.

Zebra Technologies Corporation (NASDAQ:ZBRA) last issued its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.17. The business had revenue of $897 million during the quarter, compared to the consensus estimate of $876.90 million. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new position in shares of Zebra Technologies Corporation during the second quarter valued at about $100,000. Meadow Creek Investment Management LLC raised its position 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 in the last quarter. Quantbot Technologies LP purchased a new position in shares of Zebra Technologies Corporation during the first quarter valued at about $140,000. Advisor Group Inc. raised its position in shares of Zebra Technologies Corporation by 0.8% in the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock valued at $161,000 after buying an additional 13 shares in the last quarter. Finally, Neuburgh Advisers LLC raised its position 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 in the last quarter. 94.49% of the stock is owned by hedge funds and other institutional investors.

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 completion of the transaction, the senior vice president now owns 48,460 shares of the company’s stock, valued at approximately $4,866,353.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at approximately $1,123,505.76. The disclosure for this sale can be found here. Insiders sold a total of 18,881 shares of company stock valued at $1,954,954 in the last three months. Corporate insiders own 2.50% of the company’s stock.

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.

Earnings History and Estimates for Zebra Technologies Corporation (NASDAQ:ZBRA)

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