Zebra Technologies (NASDAQ:ZBRA) Expected to Announce Quarterly Sales of $1.09 Billion

Analysts expect that Zebra Technologies (NASDAQ:ZBRA) will announce sales of $1.09 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Zebra Technologies’ earnings, with estimates ranging from $1.09 billion to $1.10 billion. Zebra Technologies posted sales of $1.01 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.9%. The company is scheduled to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that Zebra Technologies will report full-year sales of $4.51 billion for the current fiscal year, with estimates ranging from $4.50 billion to $4.54 billion. For the next financial year, analysts forecast that the company will report sales of $4.71 billion, with estimates ranging from $4.65 billion to $4.79 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.88 by $0.04. Zebra Technologies had a return on equity of 45.47% and a net margin of 9.91%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $2.56 EPS. Zebra Technologies’s revenue was up 9.1% on a year-over-year basis.

A number of brokerages have weighed in on ZBRA. Zacks Investment Research raised Zebra Technologies from a “hold” rating to a “buy” rating and set a $231.00 target price for the company in a research report on Saturday, May 11th. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. BidaskClub lowered shares of Zebra Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Finally, Wellington Shields raised shares of Zebra Technologies from a “gradually accumulate” rating to a “buy” rating in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $215.38.

In other news, CFO Olivier Leonetti sold 3,500 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $195.00, for a total transaction of $682,500.00. Following the completion of the sale, the chief financial officer now owns 22,387 shares of the company’s stock, valued at approximately $4,365,465. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael H. Terzich sold 9,175 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $194.11, for a total transaction of $1,780,959.25. Following the sale, the senior vice president now directly owns 35,553 shares of the company’s stock, valued at approximately $6,901,192.83. The disclosure for this sale can be found here. Insiders have sold a total of 45,504 shares of company stock valued at $9,016,997 in the last ninety days. Insiders own 1.77% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC increased its holdings in Zebra Technologies by 5.2% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,006 shares of the industrial products company’s stock worth $210,000 after acquiring an additional 50 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Zebra Technologies by 0.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 18,142 shares of the industrial products company’s stock worth $2,889,000 after purchasing an additional 54 shares during the period. Dfpg Investments Inc. boosted its stake in Zebra Technologies by 3.6% in the 1st quarter. Dfpg Investments Inc. now owns 2,153 shares of the industrial products company’s stock worth $461,000 after purchasing an additional 75 shares during the period. Trust Co. of Vermont boosted its stake in Zebra Technologies by 125.0% in the 1st quarter. Trust Co. of Vermont now owns 135 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 75 shares during the period. Finally, Huntington National Bank boosted its stake in Zebra Technologies by 62.9% in the 1st quarter. Huntington National Bank now owns 202 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 78 shares during the period. 87.32% of the stock is owned by institutional investors.

Shares of NASDAQ:ZBRA opened at $209.49 on Friday. Zebra Technologies has a fifty-two week low of $136.16 and a fifty-two week high of $237.15. The stock has a 50-day simple moving average of $186.46. The company has a current ratio of 1.00, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The stock has a market cap of $10.98 billion, a price-to-earnings ratio of 20.48 and a beta of 1.53.

About Zebra Technologies

With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.

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Earnings History and Estimates for Zebra Technologies (NASDAQ:ZBRA)

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