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

Equities research analysts forecast that Zebra Technologies (NASDAQ:ZBRA) will 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 indicates a positive year-over-year growth rate of 4.6%. The business is scheduled to issue its next earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that Zebra Technologies will report full year sales of $4.51 billion for the current year, with estimates ranging from $4.49 billion to $4.52 billion. For the next year, analysts forecast that the company will post sales of $4.71 billion, with estimates ranging from $4.66 billion to $4.78 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last announced its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.02 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.32. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Zebra Technologies had a net margin of 10.95% and a return on equity of 43.60%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.48 earnings per share.

Several equities analysts have recently weighed in on ZBRA shares. ValuEngine raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Wellington Shields lowered shares of Zebra Technologies from a “gradually accumulate” rating to a “hold” rating in a research report on Thursday, July 18th. Imperial Capital reissued an “outperform” rating and issued a $245.00 price objective (up from $230.00) on shares of Zebra Technologies in a research report on Thursday, August 1st. BidaskClub lowered shares of Zebra Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Investment Research lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $225.43.

In related news, CFO Olivier Leonetti sold 3,500 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $195.00, for a total transaction of $682,500.00. Following the transaction, the chief financial officer now directly owns 22,387 shares of the company’s stock, valued at $4,365,465. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Anders Gustafsson sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $200.45, for a total transaction of $4,009,000.00. Following the transaction, the chief executive officer now directly owns 303,533 shares in the company, valued at $60,843,189.85. The disclosure for this sale can be found here. Insiders sold 65,154 shares of company stock worth $13,170,221 over the last three months. Insiders own 1.77% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Zebra Technologies by 7.6% during the second quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock worth $1,104,785,000 after acquiring an additional 372,156 shares during the period. FMR LLC increased its position in Zebra Technologies by 34.3% during the first quarter. FMR LLC now owns 3,247,706 shares of the industrial products company’s stock worth $680,491,000 after acquiring an additional 829,462 shares during the period. JPMorgan Chase & Co. increased its position in Zebra Technologies by 11.6% during the second quarter. JPMorgan Chase & Co. now owns 1,249,258 shares of the industrial products company’s stock worth $259,382,000 after acquiring an additional 130,209 shares during the period. Pictet Asset Management Ltd. increased its position in Zebra Technologies by 0.8% during the second quarter. Pictet Asset Management Ltd. now owns 750,278 shares of the industrial products company’s stock worth $157,176,000 after acquiring an additional 5,669 shares during the period. Finally, Invesco Ltd. increased its position in Zebra Technologies by 81.9% during the second quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company’s stock worth $151,413,000 after acquiring an additional 325,532 shares during the period. 88.25% of the stock is currently owned by institutional investors and hedge funds.

ZBRA stock traded up $5.78 during trading hours on Tuesday, reaching $203.50. The stock had a trading volume of 344,500 shares, compared to its average volume of 556,996. The stock has a market capitalization of $10.70 billion, a PE ratio of 19.89 and a beta of 1.61. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.99 and a quick ratio of 0.59. The stock has a 50-day simple moving average of $201.55 and a 200 day simple moving average of $200.78. Zebra Technologies has a fifty-two week low of $140.95 and a fifty-two week high of $237.15.

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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