Brokerages Expect Zebra Technologies (NASDAQ:ZBRA) Will Post Quarterly Sales of $1.20 Billion

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Equities analysts expect that Zebra Technologies (NASDAQ:ZBRA) will post $1.20 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Zebra Technologies’ earnings. The lowest sales estimate is $1.19 billion and the highest is $1.20 billion. Zebra Technologies reported sales of $1.14 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The company is scheduled to report its next quarterly earnings report on Thursday, February 13th.

On average, analysts expect that Zebra Technologies will report full-year sales of $4.49 billion for the current year, with estimates ranging from $4.49 billion to $4.50 billion. For the next year, analysts forecast that the firm will post sales of $4.76 billion, with estimates ranging from $4.67 billion to $4.85 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.28 by $0.15. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the company earned $2.88 EPS. Zebra Technologies’s revenue was up 3.5% on a year-over-year basis.

A number of research analysts recently issued reports on ZBRA shares. Needham & Company LLC boosted their price objective on shares of Zebra Technologies from $240.00 to $255.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of Zebra Technologies from $189.00 to $205.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Atlantic Securities started coverage on shares of Zebra Technologies in a report on Tuesday, August 27th. They set an “overweight” rating and a $230.00 price objective for the company. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. Finally, ValuEngine upgraded shares of Zebra Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $244.13.

Shares of NASDAQ:ZBRA traded up $3.02 during trading on Thursday, hitting $256.81. 295,433 shares of the company’s stock were exchanged, compared to its average volume of 522,037. Zebra Technologies has a 1-year low of $140.95 and a 1-year high of $257.60. The firm has a 50-day moving average price of $240.02 and a two-hundred day moving average price of $208.63. The company has a current ratio of 0.94, a quick ratio of 0.58 and a debt-to-equity ratio of 0.84. The firm has a market cap of $13.85 billion, a P/E ratio of 25.10 and a beta of 1.66.

In other news, CEO Anders Gustafsson sold 16,972 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $256.30, for a total value of $4,349,923.60. Following the completion of the transaction, the chief executive officer now owns 253,533 shares in the company, valued at $64,980,507.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Colleen M. O’sullivan sold 1,549 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $196.00, for a total transaction of $303,604.00. Following the completion of the transaction, the chief accounting officer now owns 4,664 shares of the company’s stock, valued at approximately $914,144. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,734 shares of company stock valued at $15,449,018. Corporate insiders own 1.77% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in ZBRA. Commonwealth Equity Services LLC boosted its holdings in shares of Zebra Technologies by 21.0% in the second quarter. Commonwealth Equity Services LLC now owns 6,372 shares of the industrial products company’s stock valued at $1,334,000 after buying an additional 1,106 shares during the period. AE Wealth Management LLC bought a new stake in shares of Zebra Technologies in the second quarter worth $301,000. Daiwa Securities Group Inc. bought a new stake in shares of Zebra Technologies in the second quarter worth $431,000. Arizona State Retirement System lifted its position in shares of Zebra Technologies by 1.3% in the second quarter. Arizona State Retirement System now owns 39,175 shares of the industrial products company’s stock worth $8,207,000 after purchasing an additional 493 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new stake in shares of Zebra Technologies in the second quarter worth $1,927,000. Institutional investors own 87.35% of the company’s stock.

Zebra Technologies Company Profile

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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