Zebra Technologies Co. (NASDAQ:ZBRA) Expected to Announce Quarterly Sales of $1.37 Billion

Wall Street brokerages forecast that Zebra Technologies Co. (NASDAQ:ZBRA – Get Rating) will announce sales of $1.37 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Zebra Technologies’ earnings. The highest sales estimate is $1.38 billion and the lowest is $1.37 billion. Zebra Technologies reported sales of $1.35 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The company is scheduled to report its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Zebra Technologies will report full-year sales of $5.93 billion for the current financial year, with estimates ranging from $5.92 billion to $5.95 billion. For the next year, analysts anticipate that the firm will post 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 research firms that follow Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA – Get Rating) last issued its quarterly earnings data on Thursday, February 10th. The industrial products company reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $3.93 by $0.28. Zebra Technologies had a return on equity of 34.15% and a net margin of 14.88%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm posted $4.15 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis.

ZBRA has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and set a $535.00 target price on shares of Zebra Technologies in a report on Wednesday, March 16th. StockNews.com lowered Zebra Technologies from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley dropped their price objective on Zebra Technologies from $470.00 to $400.00 and set an “underweight” rating for the company 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 price objective for the company in a research report on Monday, February 14th. Finally, JPMorgan Chase & Co. upgraded Zebra Technologies from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $530.00 to $500.00 in a research report on Monday, April 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $539.14.

ZBRA opened at $379.57 on Tuesday. The firm has a market cap of $20.15 billion, a P/E ratio of 24.44 and a beta of 1.62. Zebra Technologies has a 52-week low of $367.15 and a 52-week high of $615.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.67 and a current ratio of 0.94. The business’s fifty day moving average is $405.47 and its 200-day moving average is $497.37.

A number of institutional investors have recently bought and sold shares of ZBRA. Center for Financial Planning Inc. bought a new position in Zebra Technologies in the third quarter valued at about $58,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Zebra Technologies by 6.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 2,325 shares of the industrial products company’s stock valued at $1,198,000 after buying an additional 149 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Zebra Technologies by 10.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,518 shares of the industrial products company’s stock valued at $2,329,000 after buying an additional 416 shares during the period. Deutsche Bank AG increased its stake in shares of Zebra Technologies by 1.7% in the third quarter. Deutsche Bank AG now owns 147,597 shares of the industrial products company’s stock valued at $76,075,000 after buying an additional 2,488 shares during the period. Finally, Advisor Group Holdings Inc. increased its stake in shares of Zebra Technologies by 18.4% in the third quarter. Advisor Group Holdings Inc. now owns 31,585 shares of the industrial products company’s stock valued at $16,277,000 after buying an additional 4,909 shares during the period. Hedge funds and other institutional investors own 85.30% of the company’s stock.

About Zebra Technologies (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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