Zebra Technologies (NASDAQ:ZBRA) Announces Quarterly Earnings Results

Zebra Technologies (NASDAQ:ZBRAGet Free Report) 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.

Check Out Our Latest Research Report on ZBRA

Zebra Technologies Company Profile

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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.

Further Reading

Earnings History for Zebra Technologies (NASDAQ:ZBRA)

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