Zebra Technologies Corp. (NASDAQ:ZBRA) – Northcoast Research lifted their FY2018 EPS estimates for Zebra Technologies in a research note issued to investors on Tuesday. Northcoast Research analyst K. Housum now forecasts that the industrial products company will post earnings per share of $8.00 for the year, up from their prior forecast of $7.52. Northcoast Research currently has a “Buy” rating on the stock.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Zebra Technologies from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $125.00 price target on shares of Zebra Technologies in a report on Friday, November 10th. Wellington Shields raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, November 8th. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Finally, ValuEngine cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Zebra Technologies presently has a consensus rating of “Buy” and a consensus target price of $114.88.
Zebra Technologies (ZBRA) traded up $1.98 during trading on Thursday, hitting $123.15. 420,802 shares of the stock traded hands, compared to its average volume of 281,899. The company has a market capitalization of $6,444.91, a PE ratio of 208.73, a P/E/G ratio of 2.17 and a beta of 1.59. Zebra Technologies has a 52-week low of $81.02 and a 52-week high of $123.66. The company has a current ratio of 1.22, a quick ratio of 0.74 and a debt-to-equity ratio of 3.01.
Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, November 7th. The industrial products company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.14. The firm had revenue of $935.00 million for the quarter, compared to analysts’ expectations of $914.98 million. Zebra Technologies had a net margin of 0.82% and a return on equity of 41.17%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.43 earnings per share.
In other news, Director Frank Blaise Modruson bought 1,540 shares of Zebra Technologies stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $103.88 per share, with a total value of $159,975.20. Following the completion of the purchase, the director now directly owns 12,556 shares in the company, valued at $1,304,317.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Cho sold 1,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the transaction, the senior vice president now directly owns 10,426 shares in the company, valued at approximately $1,148,423.90. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZBRA. Fieldpoint Private Securities LLC bought a new position in Zebra Technologies in the second quarter valued at $136,000. Advisor Group Inc. increased its stake in Zebra Technologies 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 acquiring an additional 13 shares during the last quarter. Zions Bancorporation bought a new position in shares of Zebra Technologies during the third quarter valued at about $180,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Zebra Technologies by 3.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,885 shares of the industrial products company’s stock valued at $189,000 after buying an additional 71 shares during the last quarter. Finally, ARP Americas LLC bought a new position in shares of Zebra Technologies during the third quarter valued at about $202,000. 89.64% of the stock is currently owned by institutional investors and hedge funds.
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About Zebra Technologies
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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