Equities analysts forecast that Zebra Technologies (NASDAQ:ZBRA) will announce sales of $1.20 billion for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Zebra Technologies’ earnings. The highest sales estimate is $1.20 billion and the lowest is $1.19 billion. Zebra Technologies reported sales of $1.14 billion during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The company is expected to announce its next earnings results on Thursday, February 13th.
According to Zacks, analysts expect that Zebra Technologies will report full year sales of $4.49 billion for the current fiscal year, with estimates ranging from $4.49 billion to $4.50 billion. For the next fiscal year, analysts forecast that the business will report sales of $4.76 billion, with estimates ranging from $4.67 billion to $4.85 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Zebra Technologies.
Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, October 29th. The industrial products company reported $3.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.15. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.14 billion. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. Zebra Technologies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.88 EPS.
NASDAQ:ZBRA opened at $256.92 on Thursday. Zebra Technologies has a 12 month low of $140.95 and a 12 month high of $257.60. The company has a current ratio of 0.94, a quick ratio of 0.58 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 21.54 and a beta of 1.65. The firm has a fifty day simple moving average of $235.81 and a two-hundred day simple moving average of $207.03.
In other news, SVP Cristen L. Kogl sold 975 shares of Zebra Technologies stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $242.97, for a total transaction of $236,895.75. Following the completion of the transaction, the senior vice president now directly owns 4,987 shares in the company, valued at $1,211,691.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Anders Gustafsson sold 30,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $238.23, for a total transaction of $7,146,900.00. Following the sale, the chief executive officer now directly owns 283,533 shares of the company’s stock, valued at $67,546,066.59. The disclosure for this sale can be found here. Insiders have sold a total of 46,762 shares of company stock valued at $11,099,094 in the last 90 days. 1.77% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of ZBRA. BlackRock Inc. boosted its stake in Zebra Technologies by 7.6% during the 2nd quarter. BlackRock Inc. now owns 5,273,689 shares of the industrial products company’s stock valued at $1,104,785,000 after purchasing an additional 372,156 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Zebra Technologies by 11.6% during the second quarter. JPMorgan Chase & Co. now owns 1,249,258 shares of the industrial products company’s stock valued at $259,382,000 after buying an additional 130,209 shares during the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Zebra Technologies by 0.8% during the second quarter. Pictet Asset Management Ltd. now owns 750,278 shares of the industrial products company’s stock valued at $157,176,000 after buying an additional 5,669 shares during the last quarter. Invesco Ltd. grew its holdings in Zebra Technologies by 81.9% during the second quarter. Invesco Ltd. now owns 722,770 shares of the industrial products company’s stock worth $151,413,000 after buying an additional 325,532 shares in the last quarter. Finally, APG Asset Management N.V. grew its holdings in Zebra Technologies by 491.7% during the second quarter. APG Asset Management N.V. now owns 687,000 shares of the industrial products company’s stock worth $126,378,000 after buying an additional 570,900 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.
Zebra Technologies Company Profile
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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