Zebra Technologies Corp. to Post Q3 2016 Earnings of $1.32 Per Share, Imperial Capital Forecasts (ZBRA)
Zebra Technologies Corp. (NASDAQ:ZBRA) – Equities researchers at Imperial Capital issued their Q3 2016 earnings per share estimates for Zebra Technologies Corp. in a research report issued on Monday. Imperial Capital analyst J. Kessler anticipates that the firm will earn $1.32 per share for the quarter. Imperial Capital has a “Outperform” rating and a $75.00 price objective on the stock. Imperial Capital also issued estimates for Zebra Technologies Corp.’s Q4 2016 earnings at $1.60 EPS, FY2016 earnings at $5.09 EPS, Q1 2017 earnings at $1.24 EPS, Q2 2017 earnings at $1.32 EPS, Q3 2017 earnings at $1.56 EPS, Q4 2017 earnings at $1.69 EPS and FY2017 earnings at $5.80 EPS.
ZBRA has been the topic of several other reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Zebra Technologies Corp. in a research report on Tuesday, September 20th. Vetr cut shares of Zebra Technologies Corp. from a “sell” rating to a “strong sell” rating and set a $59.55 price target on the stock. in a research report on Monday, August 22nd. Zacks Investment Research cut shares of Zebra Technologies Corp. from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Barrington Research reiterated an “outperform” rating and issued a $75.00 price target on shares of Zebra Technologies Corp. in a research report on Wednesday, August 10th. Finally, Northcoast Research cut shares of Zebra Technologies Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Zebra Technologies Corp. has an average rating of “Hold” and a consensus price target of $76.17.
Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 65.01 on Thursday. The firm’s 50-day moving average is $68.55 and its 200-day moving average is $60.56. Zebra Technologies Corp. has a 12 month low of $46.13 and a 12 month high of $83.02. The firm’s market capitalization is $3.43 billion.
Zebra Technologies Corp. (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.28. The firm had revenue of $879 million for the quarter, compared to analysts’ expectations of $869.19 million. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. Zebra Technologies Corp.’s revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 earnings per share.
In other news, SVP Michael H. Terzich sold 8,819 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $68.07, for a total value of $600,309.33. Following the transaction, the senior vice president now owns 40,834 shares in the company, valued at approximately $2,779,570.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jim L. Kaput sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $64.83, for a total value of $324,150.00. Following the completion of the transaction, the senior vice president now owns 30,103 shares in the company, valued at approximately $1,951,577.49. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the stock. Hennessy Advisors Inc. acquired a new position in shares of Zebra Technologies Corp. during the third quarter worth $4,532,000. Eagle Asset Management Inc. acquired a new position in shares of Zebra Technologies Corp. during the third quarter worth $1,833,000. Oregon Public Employees Retirement Fund increased its position in shares of Zebra Technologies Corp. by 3.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 18,002 shares of the company’s stock worth $1,253,000 after buying an additional 560 shares in the last quarter. Nomura Holdings Inc. increased its position in shares of Zebra Technologies Corp. by 2.0% in the second quarter. Nomura Holdings Inc. now owns 10,405 shares of the company’s stock worth $523,000 after buying an additional 205 shares in the last quarter. Finally, Mason Street Advisors LLC acquired a new position in shares of Zebra Technologies Corp. during the second quarter worth $1,194,000.
Zebra Technologies Corp. Company Profile
Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets, transactions and people of their organization. It designs, manufactures and sells a range of products, including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies, and utilities, frameworks and application software.
Receive News & Stock Ratings for Zebra Technologies Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zebra Technologies Corp. and related stocks with our FREE daily email newsletter.