$1.72 EPS Expected for Zebra Technologies Corporation (ZBRA) This Quarter

Brokerages expect Zebra Technologies Corporation (NASDAQ:ZBRA) to post earnings per share of $1.72 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Zebra Technologies Corporation’s earnings. The highest EPS estimate is $1.75 and the lowest is $1.69. Zebra Technologies Corporation posted earnings per share of $1.43 during the same quarter last year, which indicates a positive year-over-year growth rate of 20.3%. The company is scheduled to report its next earnings report on Tuesday, November 21st.

On average, analysts expect that Zebra Technologies Corporation will report full-year earnings of $6.66 per share for the current financial year, with EPS estimates ranging from $6.56 to $6.71. For the next fiscal year, analysts anticipate that the business will report earnings of $7.70 per share, with EPS estimates ranging from $7.46 to $7.99. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Zebra Technologies Corporation.

Zebra Technologies Corporation (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The company had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $876.90 million. During the same quarter last year, the company earned $1.34 earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis.

A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of Zebra Technologies Corporation in a research report on Tuesday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $118.00 target price (up from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. Finally, BidaskClub lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Zebra Technologies Corporation currently has a consensus rating of “Hold” and a consensus price target of $104.29.

In related news, SVP Hugh K. Gagnier sold 20,682 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the sale, the senior vice president now directly owns 39,072 shares of the company’s stock, valued at approximately $4,158,042.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Anders Gustafsson sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total value of $2,651,000.00. Following the sale, the chief executive officer now directly owns 295,116 shares in the company, valued at $31,294,100.64. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds have recently bought and sold shares of ZBRA. BlackRock Inc. raised its position in shares of Zebra Technologies Corporation by 15,105.8% during the 1st quarter. BlackRock Inc. now owns 4,142,827 shares of the industrial products company’s stock valued at $378,032,000 after acquiring an additional 4,115,582 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Zebra Technologies Corporation during the 2nd quarter valued at approximately $157,116,000. Bank of New York Mellon Corp raised its position in shares of Zebra Technologies Corporation by 118.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,485,758 shares of the industrial products company’s stock valued at $149,349,000 after acquiring an additional 806,297 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Zebra Technologies Corporation by 10.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,545,495 shares of the industrial products company’s stock valued at $456,913,000 after acquiring an additional 428,836 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Zebra Technologies Corporation by 483.6% during the 1st quarter. Renaissance Technologies LLC now owns 272,731 shares of the industrial products company’s stock valued at $24,887,000 after acquiring an additional 226,000 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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Zebra Technologies Corporation (NASDAQ:ZBRA) traded down 0.56% during mid-day trading on Monday, reaching $112.13. 170,194 shares of the company’s stock were exchanged. The company’s market capitalization is $5.96 billion. The company’s 50 day moving average price is $107.12 and its 200-day moving average price is $101.75. Zebra Technologies Corporation has a 52 week low of $62.91 and a 52 week high of $113.12.

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

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