Zebra Technologies (NASDAQ:ZBRA) Posts Earnings Results, Beats Estimates By $1.28 EPS

Zebra Technologies (NASDAQ:ZBRA) released its earnings results on Tuesday. The industrial products company reported $5.64 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.28, Zacks reports. Zebra Technologies had a net margin of 7.49% and a return on equity of 18.91%.

Zebra Technologies Stock Performance

NASDAQ:ZBRA opened at $291.64 on Tuesday. Zebra Technologies has a 12-month low of $199.05 and a 12-month high of $350.64. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $13.89 billion, a PE ratio of 35.26 and a beta of 1.60. The firm has a 50-day moving average price of $255.28 and a 200 day moving average price of $240.11.

Wall Street Analyst Weigh In

ZBRA has been the topic of several research reports. Barclays boosted their price target on Zebra Technologies from $345.00 to $346.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. Needham & Company LLC reissued a “buy” rating and set a $345.00 price objective on shares of Zebra Technologies in a report on Wednesday, May 13th. Zacks Research cut Zebra Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Robert W. Baird upped their target price on Zebra Technologies from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, June 28th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $327.00.

Insider Transactions at Zebra Technologies

In other news, Director Janice M. Roberts sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $249.54, for a total value of $748,620.00. Following the completion of the transaction, the director directly owned 6,183 shares of the company’s stock, valued at approximately $1,542,905.82. This represents a 32.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Loizides Melissa Luff sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $253.95, for a total value of $126,975.00. Following the transaction, the insider owned 3,702 shares of the company’s stock, valued at $940,122.90. This trade represents a 11.90% decrease in their position. The SEC filing for this sale provides additional information. 0.91% of the stock is owned by company insiders.

Institutional Trading of Zebra Technologies

A number of large investors have recently bought and sold shares of the stock. CYBER HORNET ETFs LLC bought a new position in shares of Zebra Technologies during the second quarter valued at $39,000. Johnson Financial Group Inc. grew its holdings in shares of Zebra Technologies by 330.3% in the 4th quarter. Johnson Financial Group Inc. now owns 142 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 109 shares during the last quarter. Intesa Sanpaolo Wealth Management bought a new stake in shares of Zebra Technologies in the 4th quarter worth about $73,000. UMB Bank n.a. increased its position in shares of Zebra Technologies by 33.0% during the 4th quarter. UMB Bank n.a. now owns 306 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 76 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in Zebra Technologies during the 4th quarter valued at about $141,000. 91.03% of the stock is currently owned by institutional investors.

About Zebra Technologies

Zebra Technologies Corporation is a global technology company specializing in marking, tracking and computer printing solutions. The company produces a wide range of hardware and software products designed to enable real-time visibility of assets, inventory and personnel across diverse industries. Its offerings help businesses automate data capture and streamline operations in environments such as retail, healthcare, manufacturing, transportation and logistics.

The company’s product portfolio includes barcode and RFID printers, mobile computing devices, barcode scanners, RFID readers and related supplies such as labels and tags.