Zebra Technologies (NASDAQ:ZBRA) Expected to Post Quarterly Sales of $1.14 Billion

Brokerages expect Zebra Technologies (NASDAQ:ZBRA) to post $1.14 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Zebra Technologies’ earnings. Zebra Technologies reported sales of $1.09 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.6%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 5th.

According to Zacks, analysts expect that Zebra Technologies will report full-year sales of $4.51 billion for the current financial year, with estimates ranging from $4.49 billion to $4.52 billion. For the next fiscal year, analysts expect that the business will post sales of $4.72 billion, with estimates ranging from $4.66 billion to $4.78 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.70 by $0.32. Zebra Technologies had a return on equity of 43.60% and a net margin of 10.95%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $2.48 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year.

Several equities research analysts have commented on ZBRA shares. Atlantic Securities started coverage on Zebra Technologies in a research report on Tuesday, August 27th. They issued an “overweight” rating and a $230.00 price objective on the stock. Zacks Investment Research lowered Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. Wellington Shields lowered Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. BidaskClub lowered Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 17th. Finally, Morgan Stanley upped their price objective on Zebra Technologies from $189.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $223.67.

In other news, CAO Colleen M. O’sullivan sold 1,549 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $196.00, for a total transaction of $303,604.00. Following the transaction, the chief accounting officer now owns 4,664 shares in the company, valued at approximately $914,144. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Chirantan Jitendra Desai sold 1,978 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.60, for a total value of $408,654.80. Following the transaction, the director now owns 5,955 shares in the company, valued at approximately $1,230,303. The disclosure for this sale can be found here. Insiders have sold a total of 23,177 shares of company stock worth $4,865,483 in the last quarter. Insiders own 1.77% of the company’s stock.

Large investors have recently made changes to their positions in the company. FMR LLC raised its stake in Zebra Technologies by 34.3% in the 1st quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock valued at $680,491,000 after purchasing an additional 829,462 shares during the last quarter. APG Asset Management N.V. raised its stake in Zebra Technologies by 491.7% in the 2nd quarter. APG Asset Management N.V. now owns 687,000 shares of the industrial products company’s stock valued at $126,378,000 after purchasing an additional 570,900 shares during the last quarter. BlackRock Inc. raised its stake in Zebra Technologies by 7.6% in the 2nd quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock valued at $1,104,785,000 after purchasing an additional 372,156 shares during the last quarter. Invesco Ltd. raised its stake in Zebra Technologies by 81.9% in the 2nd quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company’s stock valued at $151,413,000 after purchasing an additional 325,532 shares during the last quarter. Finally, Marshall Wace North America L.P. raised its stake in Zebra Technologies by 1,547.8% in the 2nd quarter. Marshall Wace North America L.P. now owns 297,502 shares of the industrial products company’s stock valued at $62,323,000 after purchasing an additional 279,447 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

Zebra Technologies stock traded down $6.83 during mid-day trading on Friday, hitting $199.54. The company had a trading volume of 302,703 shares, compared to its average volume of 544,690. The company has a current ratio of 0.99, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. Zebra Technologies has a 12-month low of $140.95 and a 12-month high of $237.15. The company’s fifty day moving average is $203.19 and its 200-day moving average is $202.73. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 19.51 and a beta of 1.65.

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

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