Zebra Technologies (NASDAQ:ZBRA) updated its first quarter 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 2.90-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.01. The company issued revenue guidance of $1.109-1.141 billion, compared to the consensus revenue estimate of $1.12 billion.Zebra Technologies also updated its FY 2020
Pre-Market guidance to EPS.
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised Zebra Technologies from a neutral rating to an overweight rating and increased their price objective for the stock from $250.00 to $262.00 in a report on Friday. Morgan Stanley lowered Zebra Technologies from an equal weight rating to an underweight rating and set a $217.00 price target for the company. in a research note on Wednesday, January 8th. ValuEngine lowered Zebra Technologies from a hold rating to a sell rating in a research note on Saturday, January 4th. Imperial Capital increased their price target on Zebra Technologies from $245.00 to $265.00 in a research note on Wednesday, November 27th. Finally, Robert W. Baird increased their price target on Zebra Technologies from $235.00 to $270.00 and gave the company an outperform rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $249.63.
Shares of ZBRA traded up $5.45 during mid-day trading on Friday, reaching $238.77. The company’s stock had a trading volume of 921,542 shares, compared to its average volume of 441,506. The business has a fifty day moving average of $249.76 and a 200 day moving average of $227.82. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 26.59 and a beta of 1.73. Zebra Technologies has a 1 year low of $166.15 and a 1 year high of $260.40. The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 0.84.
Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Thursday, February 13th. The industrial products company reported $3.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.65 by ($0.09). The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. Zebra Technologies’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.10 EPS. On average, analysts predict that Zebra Technologies will post 12.16 earnings per share for the current year.
In other news, SVP Stephen Edgar Williams sold 775 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $256.65, for a total value of $198,903.75. Following the transaction, the senior vice president now directly owns 5,005 shares of the company’s stock, valued at $1,284,533.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Anders Gustafsson sold 16,972 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $256.30, for a total transaction of $4,349,923.60. Following the completion of the transaction, the chief executive officer now directly owns 253,533 shares in the company, valued at $64,980,507.90. The disclosure for this sale can be found here. Insiders sold 18,247 shares of company stock worth $4,667,332 over the last ninety days. 1.77% of the stock is currently owned by company insiders.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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