Barrington Research Analysts Reduce Earnings Estimates for Zebra Technologies Corporation (ZBRA)

Zebra Technologies Corporation (NASDAQ:ZBRA) – Research analysts at Barrington Research reduced their Q3 2017 earnings estimates for shares of Zebra Technologies Corporation in a research note issued to investors on Tuesday. Barrington Research analyst M. Gall now expects that the industrial products company will post earnings per share of $1.59 for the quarter, down from their prior forecast of $1.61. Barrington Research has a “Outperform” rating and a $125.00 price target on the stock. Barrington Research also issued estimates for Zebra Technologies Corporation’s Q4 2017 earnings at $1.96 EPS, Q2 2018 earnings at $1.65 EPS, Q3 2018 earnings at $1.86 EPS and Q4 2018 earnings at $2.18 EPS.

Several other equities research analysts have also issued reports on ZBRA. Zacks Investment Research raised Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $104.00 price target on the stock in a research report on Wednesday, April 26th. Wells Fargo & Company lowered Zebra Technologies Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. Needham & Company LLC reissued a “buy” rating and set a $107.00 price target on shares of Zebra Technologies Corporation in a research report on Monday, May 22nd. ValuEngine lowered Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 23rd. Finally, Morgan Stanley lowered Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $95.00 to $100.00 in a research report on Wednesday, May 31st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. Zebra Technologies Corporation currently has an average rating of “Hold” and an average target price of $98.07.

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Zebra Technologies Corporation (NASDAQ ZBRA) opened at 103.07 on Thursday. The stock’s 50 day moving average is $100.98 and its 200-day moving average is $95.86. Zebra Technologies Corporation has a 12 month low of $62.91 and a 12 month high of $109.30. The stock’s market capitalization is $5.47 billion.

Zebra Technologies Corporation (NASDAQ:ZBRA) last announced its earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.17. The business had revenue of $897 million for the quarter, compared to analyst estimates 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 company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share.

In other Zebra Technologies Corporation news, CEO Anders Gustafsson sold 25,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $106.04, for a total value of $2,651,000.00. Following the sale, the chief executive officer now directly owns 295,116 shares of the company’s stock, valued at $31,294,100.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard L. Keyser sold 6,132 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $106.26, for a total value of $651,586.32. Following the completion of the sale, the director now directly owns 23,632 shares in the company, valued at $2,511,136.32. The disclosure for this sale can be found here. Insiders sold 55,175 shares of company stock worth $5,864,190 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of ZBRA. Dynamic Technology Lab Private Ltd raised its stake in shares of Zebra Technologies Corporation by 8.3% in the second quarter. Dynamic Technology Lab Private Ltd now owns 9,236 shares of the industrial products company’s stock valued at $928,000 after buying an additional 710 shares in the last quarter. WINTON GROUP Ltd raised its stake in shares of Zebra Technologies Corporation by 85.9% in the second quarter. WINTON GROUP Ltd now owns 49,085 shares of the industrial products company’s stock valued at $4,934,000 after buying an additional 22,674 shares in the last quarter. Kalos Management Inc. raised its stake in shares of Zebra Technologies Corporation by 7.2% in the second quarter. Kalos Management Inc. now owns 8,334 shares of the industrial products company’s stock valued at $837,000 after buying an additional 560 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Zebra Technologies Corporation by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 15,790 shares of the industrial products company’s stock valued at $1,587,000 after buying an additional 203 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Zebra Technologies Corporation during the second quarter valued at $487,000. 94.85% of the stock is currently owned by hedge funds and other institutional investors.

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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