Zebra Technologies Corporation (ZBRA) Updates Q3 Earnings Guidance

Zebra Technologies Corporation (NASDAQ:ZBRA) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus estimate of $1.67. The company issued revenue guidance of $897-924 million, compared to the consensus revenue estimate of $905.76 million.

Shares of Zebra Technologies Corporation (NASDAQ ZBRA) traded down 0.15% during midday trading on Friday, hitting $102.92. 258,533 shares of the company’s stock traded hands. Zebra Technologies Corporation has a 1-year low of $62.91 and a 1-year high of $109.30. The company has a 50 day moving average price of $101.06 and a 200 day moving average price of $95.99. The firm’s market capitalization is $5.47 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings data on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.17. The firm had revenue of $897 million for the quarter, compared to the consensus estimate of $876.90 million. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.34 EPS. Equities analysts anticipate that Zebra Technologies Corporation will post $6.67 earnings per share for the current year.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Zebra Technologies Corporation from a hold rating to a buy rating and set a $118.00 price objective on the stock in a report on Wednesday, June 28th. Needham & Company LLC reiterated a buy rating and set a $118.00 target price (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. ValuEngine cut Zebra Technologies Corporation from a buy rating to a hold rating in a research note on Tuesday, May 23rd. Barrington Research lifted their target price on Zebra Technologies Corporation from $105.00 to $110.00 and gave the stock an outperform rating in a research note on Thursday, May 11th. Finally, BidaskClub cut Zebra Technologies Corporation from a strong-buy rating to a buy rating in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $98.07.

In other news, SVP Michael H. Terzich sold 1,789 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $106.89, for a total transaction of $191,226.21. Following the completion of the transaction, the senior vice president now owns 33,445 shares of the company’s stock, valued at $3,574,936.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Cho sold 1,572 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $107.76, for a total value of $169,398.72. Following the transaction, the senior vice president now directly owns 10,426 shares of the company’s stock, valued at approximately $1,123,505.76. The disclosure for this sale can be found here. Insiders have sold a total of 55,175 shares of company stock valued at $5,864,190 in the last ninety days. Insiders own 2.50% of the company’s stock.

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Zebra Technologies Corporation Company Profile

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.

Earnings History and Estimates for Zebra Technologies Corporation (NASDAQ:ZBRA)

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