Zebra Technologies Corp. (ZBRA) Issues Q4 Earnings Guidance
Zebra Technologies Corp. (NASDAQ:ZBRA) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.65-1.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.72. The company issued revenue guidance of down 1-4% Y/Y to ~$915.8-944.5 million, compared to the consensus revenue estimate of $955.29 million.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Zebra Technologies Corp. from a strong-buy rating to a hold rating in a research note on Wednesday, October 12th. Imperial Capital boosted their price objective on shares of Zebra Technologies Corp. from $65.00 to $75.00 and gave the stock an outperform rating in a research note on Monday, October 10th. JPMorgan Chase & Co. reissued a buy rating on shares of Zebra Technologies Corp. in a research note 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 objective on the stock. in a research note on Monday, August 22nd. Finally, Barrington Research reaffirmed an outperform rating and set a $75.00 price target on shares of Zebra Technologies Corp. in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $72.94.
Zebra Technologies Corp. (NASDAQ:ZBRA) opened at 66.81 on Tuesday. The company’s market cap is $3.53 billion. The stock’s 50 day moving average is $66.80 and its 200-day moving average is $60.49. Zebra Technologies Corp. has a 52-week low of $46.13 and a 52-week high of $81.00.
Zebra Technologies Corp. (NASDAQ:ZBRA) last issued its earnings results on Tuesday, November 15th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. The business earned $904 million during the quarter, compared to analysts’ expectations of $907.37 million. Zebra Technologies Corp. had a negative net margin of 3.16% and a positive return on equity of 29.18%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.39 earnings per share. Equities research analysts predict that Zebra Technologies Corp. will post $5.47 EPS for the current fiscal year.
In other news, SVP Jim L. Kaput bought 3,457 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was acquired at an average cost of $68.22 per share, with a total value of $235,836.54. Following the completion of the acquisition, the senior vice president now owns 25,103 shares of the company’s stock, valued at $1,712,526.66. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael Cho sold 1,850 shares of Zebra Technologies Corp. stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $68.56, for a total transaction of $126,836.00. Following the completion of the transaction, the senior vice president now directly owns 11,004 shares of the company’s stock, valued at $754,434.24. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Marshall Wace LLP purchased a new position in shares of Zebra Technologies Corp. during the second quarter valued at about $15,176,000. Capital Research Global Investors boosted its position in shares of Zebra Technologies Corp. by 3.7% in the second quarter. Capital Research Global Investors now owns 5,736,827 shares of the company’s stock valued at $287,415,000 after buying an additional 205,805 shares during the period. Blackstone Group L.P. purchased a new position in shares of Zebra Technologies Corp. during the second quarter valued at about $8,051,000. FIL Ltd purchased a new position in shares of Zebra Technologies Corp. during the second quarter valued at about $7,454,000. Finally, Janus Capital Management LLC boosted its position in shares of Zebra Technologies Corp. by 7.2% in the second quarter. Janus Capital Management LLC now owns 1,856,673 shares of the company’s stock valued at $93,019,000 after buying an additional 124,926 shares during the period.
About Zebra Technologies Corp.
Zebra Technologies Corporation offers a range of solutions in the automatic information and data capture industry. The Company designs, manufactures and sells a range of products that capture and move data, including mobile computers; barcode scanners and imagers; radio frequency identification device (RFID) readers; specialty printers for barcode labelling and personal identification; real-time location systems (RTLS); related accessories and supplies, such as self-adhesive labels and other consumables, and software and services that are associated with these products.
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