Zebra Technologies (NASDAQ:ZBRA) Announces Earnings Results

Zebra Technologies (NASDAQ:ZBRA – Get Rating) posted its quarterly earnings results on Tuesday. The industrial products company reported $4.01 EPS for the quarter, beating the Zacks’ consensus estimate of $3.87 by $0.14, MarketWatch Earnings reports. Zebra Technologies had a return on equity of 34.15% and a net margin of 14.88%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm earned $4.47 earnings per share. The business’s quarterly revenue was up 6.3% on a year-over-year basis. Zebra Technologies updated its Q2 guidance to $4.05-4.35 EPS.

Shares of NASDAQ ZBRA traded down $13.22 during trading hours on Tuesday, reaching $366.35. The stock had a trading volume of 7,129 shares, compared to its average volume of 349,962. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 0.31. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 24.44 and a beta of 1.60. The business’s fifty day moving average price is $405.47 and its two-hundred day moving average price is $497.37. Zebra Technologies has a 52-week low of $367.15 and a 52-week high of $615.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC boosted its holdings in shares of Zebra Technologies by 23.4% in the fourth quarter. Penserra Capital Management LLC now owns 237 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 45 shares during the period. Toroso Investments LLC boosted its holdings in shares of Zebra Technologies by 12.7% in the fourth quarter. Toroso Investments LLC now owns 913 shares of the industrial products company’s stock valued at $543,000 after purchasing an additional 103 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Zebra Technologies by 158.3% in the fourth quarter. Harbour Investments Inc. now owns 372 shares of the industrial products company’s stock valued at $221,000 after purchasing an additional 228 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Zebra Technologies by 28.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,360 shares of the industrial products company’s stock valued at $809,000 after purchasing an additional 298 shares during the period. Finally, Forum Financial Management LP purchased a new stake in shares of Zebra Technologies in the fourth quarter valued at approximately $210,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.

ZBRA has been the topic of several research reports. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $464.00 target price on the stock in a report on Monday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $535.00 target price on shares of Zebra Technologies in a report on Wednesday, March 16th. StockNews.com cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley reduced their target price on Zebra Technologies from $470.00 to $400.00 and set an “underweight” rating on the stock in a report on Tuesday, April 12th. Finally, JPMorgan Chase & Co. upgraded Zebra Technologies from a “neutral” rating to an “overweight” rating and dropped their target price for the company 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 assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $539.14.

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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