Zebra Technologies (NASDAQ:ZBRA) Announces Quarterly Earnings Results

Zebra Technologies (NASDAQ:ZBRA) issued its quarterly earnings data on Tuesday. The industrial products company reported $3.49 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.57, Briefing.com reports. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Zebra Technologies had a net margin of 8.20% and a return on equity of 15.56%. The business’s revenue was up 31.3% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded up $2.59 during trading hours on Friday, hitting $384.56. 341,125 shares of the company were exchanged, compared to its average volume of 360,758. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.84. Zebra Technologies has a 52-week low of $198.19 and a 52-week high of $394.57. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66. The company’s 50 day moving average price is $358.62 and its 200-day moving average price is $329.95.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.06% of the company’s stock.

Analyst Upgrades and Downgrades

ZBRA has been the topic of a number of recent research reports. Robert W. Baird upped their price objective on Zebra Technologies from $380.00 to $415.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley raised their price target on Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research report on Wednesday. Needham & Company LLC increased their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday. Truist Financial reiterated a “hold” rating and set a $383.00 price target (up from $379.00) on shares of Zebra Technologies in a report on Wednesday. Finally, TD Cowen raised their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $385.18.

Zebra Technologies Company Profile

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.