Analysts Expect Zebra Technologies Co. (NASDAQ:ZBRA) Will Post Quarterly Sales of $1.37 Billion

Equities analysts forecast that Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) will post sales of $1.37 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Zebra Technologies’ earnings, with the lowest sales estimate coming in at $1.37 billion and the highest estimate coming in at $1.38 billion. Zebra Technologies posted sales of $1.35 billion during the same quarter last year, which would indicate a positive year over year growth rate of 1.5%. The firm is scheduled to issue its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Zebra Technologies will report full-year sales of $5.93 billion for the current year, with estimates ranging from $5.92 billion to $5.95 billion. For the next financial year, analysts forecast that the business will report sales of $6.28 billion, with estimates ranging from $6.22 billion to $6.34 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last released its earnings results on Thursday, February 10th. The industrial products company reported $4.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.93 by $0.28. Zebra Technologies had a return on equity of 34.15% and a net margin of 14.88%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the firm posted $4.15 EPS. The firm’s quarterly revenue was up 12.2% on a year-over-year basis.

Several equities analysts have issued reports on the company. Morgan Stanley dropped their target price on Zebra Technologies from $470.00 to $400.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 12th. Zacks Investment Research upgraded Zebra Technologies from a “hold” rating to a “buy” rating and set a $464.00 target price on the stock in a research report on Monday, February 14th. Needham & Company LLC restated a “buy” rating and issued a $535.00 price target on shares of Zebra Technologies in a report on Wednesday, March 16th. JPMorgan Chase & Co. upgraded Zebra Technologies from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $530.00 to $500.00 in a report on Monday, April 4th. Finally, StockNews.com raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Zebra Technologies currently has a consensus rating of “Buy” and a consensus target price of $539.14.

NASDAQ ZBRA traded down $11.32 on Tuesday, hitting $393.68. 268,443 shares of the company’s stock were exchanged, compared to its average volume of 416,060. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.94 and a quick ratio of 0.67. The firm’s 50-day moving average price is $418.23 and its two-hundred day moving average price is $506.51. Zebra Technologies has a fifty-two week low of $375.63 and a fifty-two week high of $615.00. The firm has a market cap of $20.90 billion, a price-to-earnings ratio of 25.35 and a beta of 1.62.

Institutional investors have recently modified their holdings of the business. Nordea Investment Management AB increased its holdings in shares of Zebra Technologies by 111.3% during the 3rd quarter. Nordea Investment Management AB now owns 1,123,278 shares of the industrial products company’s stock worth $592,552,000 after buying an additional 591,608 shares during the last quarter. BlackRock Inc. increased its holdings in Zebra Technologies by 9.6% in the 4th quarter. BlackRock Inc. now owns 5,302,297 shares of the industrial products company’s stock valued at $3,155,927,000 after purchasing an additional 462,751 shares in the last quarter. Norges Bank acquired a new stake in Zebra Technologies in the 4th quarter valued at $266,928,000. Allspring Global Investments Holdings LLC acquired a new stake in Zebra Technologies in the 4th quarter valued at $95,325,000. Finally, Ardevora Asset Management LLP acquired a new stake in Zebra Technologies in the 4th quarter valued at $76,271,000. 84.54% of the stock is currently owned by institutional investors.

Zebra Technologies Company Profile (Get Rating)

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.

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