Zacks: Brokerages Expect Zebra Technologies Co. (NASDAQ:ZBRA) Will Post Earnings of $4.19 Per Share

Equities analysts expect Zebra Technologies Co. (NASDAQ:ZBRAGet Rating) to post earnings of $4.19 per share for the current quarter, according to Zacks. Three analysts have made estimates for Zebra Technologies’ earnings. The lowest EPS estimate is $4.10 and the highest is $4.29. Zebra Technologies reported earnings of $4.57 per share during the same quarter last year, which would indicate a negative year over year growth rate of 8.3%. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Zebra Technologies will report full-year earnings of $19.03 per share for the current financial year, with EPS estimates ranging from $18.55 to $19.60. For the next year, analysts expect that the firm will post earnings of $21.72 per share, with EPS estimates ranging from $20.73 to $22.18. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRAGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The industrial products company reported $3.76 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.28. Zebra Technologies had a net margin of 14.25% and a return on equity of 31.20%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted $4.47 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year.

A number of analysts have weighed in on ZBRA shares. StockNews.com cut shares of Zebra Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Morgan Stanley dropped their target price on shares of Zebra Technologies from $470.00 to $400.00 and set an “underweight” rating on the stock in a report on Tuesday, April 12th. Needham & Company LLC dropped their target price on shares of Zebra Technologies from $535.00 to $500.00 in a report on Wednesday, May 4th. JPMorgan Chase & Co. raised shares of Zebra Technologies from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $530.00 to $500.00 in a report on Monday, April 4th. Finally, Robert W. Baird dropped their target price on shares of Zebra Technologies from $550.00 to $440.00 in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $517.00.

NASDAQ ZBRA opened at $325.37 on Friday. The company has a market capitalization of $17.09 billion, a price-to-earnings ratio of 21.49 and a beta of 1.60. Zebra Technologies has a 12 month low of $309.00 and a 12 month high of $615.00. The company’s fifty day moving average price is $387.68 and its two-hundred day moving average price is $478.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.87 and a quick ratio of 0.61.

Zebra Technologies declared that its Board of Directors has approved a stock repurchase program on Tuesday, May 17th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the industrial products company to purchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Institutional investors and hedge funds have recently made changes to their positions in the business. Andrew Hill Investment Advisors Inc. acquired a new position in shares of Zebra Technologies in the fourth quarter worth about $25,000. Zions Bancorporation N.A. boosted its holdings in shares of Zebra Technologies by 1,100.0% in the first quarter. Zions Bancorporation N.A. now owns 60 shares of the industrial products company’s stock worth $25,000 after buying an additional 55 shares during the period. KRS Capital Management LLC acquired a new position in shares of Zebra Technologies in the fourth quarter worth about $29,000. McDonald Partners LLC purchased a new stake in shares of Zebra Technologies in the fourth quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust lifted its position in shares of Zebra Technologies by 58.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 68 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 85.30% of the company’s stock.

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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