Zebra Technologies (NASDAQ:ZBRA) Shares Up 0.1% Following Better-Than-Expected Earnings

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Zebra Technologies (NASDAQ:ZBRA) shot up 0.1% during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $241.76 and last traded at $237.97, 12,665 shares changed hands during trading. A decline of 97% from the average session volume of 382,332 shares. The stock had previously closed at $237.64.

The industrial products company reported $3.43 EPS for the quarter, beating the consensus estimate of $3.28 by $0.15. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 earnings per share.

Several equities research analysts have recently issued reports on ZBRA shares. BidaskClub downgraded shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 17th. Atlantic Securities started coverage on shares of Zebra Technologies in a research note on Tuesday, August 27th. They issued an “overweight” rating and a $230.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $255.00 price objective (up previously from $240.00) on shares of Zebra Technologies in a research note on Wednesday. Wellington Shields downgraded shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research note on Thursday, July 18th. Finally, ValuEngine upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Zebra Technologies has a consensus rating of “Buy” and an average price target of $238.50.

In other Zebra Technologies news, Director Chirantan Jitendra Desai sold 1,978 shares of Zebra Technologies stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.60, for a total transaction of $408,654.80. Following the completion of the transaction, the director now directly owns 5,955 shares of the company’s stock, valued at $1,230,303. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Colleen M. O’sullivan sold 1,549 shares of Zebra Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $196.00, for a total value of $303,604.00. Following the transaction, the chief accounting officer now directly owns 4,664 shares of the company’s stock, valued at $914,144. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,177 shares of company stock valued at $4,865,483. 1.77% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of ZBRA. Van Hulzen Asset Management LLC raised its holdings in shares of Zebra Technologies by 5.5% in the third quarter. Van Hulzen Asset Management LLC now owns 6,014 shares of the industrial products company’s stock valued at $1,241,000 after buying an additional 313 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Zebra Technologies by 189.0% in the third quarter. Janney Montgomery Scott LLC now owns 22,600 shares of the industrial products company’s stock valued at $4,664,000 after buying an additional 14,780 shares during the last quarter. MAI Capital Management raised its holdings in shares of Zebra Technologies by 7.5% in the third quarter. MAI Capital Management now owns 3,822 shares of the industrial products company’s stock valued at $789,000 after buying an additional 265 shares during the last quarter. Quest Capital Management Inc. ADV bought a new position in shares of Zebra Technologies in the third quarter valued at about $120,000. Finally, BKD Wealth Advisors LLC raised its holdings in shares of Zebra Technologies by 8.9% in the third quarter. BKD Wealth Advisors LLC now owns 2,581 shares of the industrial products company’s stock valued at $533,000 after buying an additional 212 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

The stock has a fifty day moving average of $204.31 and a 200-day moving average of $201.55. The company has a quick ratio of 0.59, a current ratio of 0.99 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $12.06 billion, a P/E ratio of 23.21 and a beta of 1.62.

About Zebra Technologies (NASDAQ:ZBRA)

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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