Zebra Technologies (NASDAQ:ZBRA) Posts Earnings Results, Beats Expectations By $0.57 EPS

Zebra Technologies (NASDAQ:ZBRA) announced 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The firm’s revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 earnings per share.

Zebra Technologies Price Performance

ZBRA stock traded up $0.30 during trading on Friday, hitting $382.27. The stock had a trading volume of 286,596 shares, compared to its average volume of 360,500. The stock has a market cap of $19.72 billion, a price-to-earnings ratio of 51.97 and a beta of 1.66. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37. The company’s 50 day moving average price is $358.62 and its two-hundred day moving average price is $329.95. Zebra Technologies has a 1-year low of $198.19 and a 1-year high of $394.57.

Wall Street Analyst Weigh In

A number of research analysts have commented on ZBRA shares. Vertical Research assumed coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price target on the stock. Robert W. Baird boosted their target price on shares of Zebra Technologies from $380.00 to $415.00 and gave the stock an “outperform” rating in a research note on Wednesday. UBS Group boosted their target price on Zebra Technologies from $390.00 to $445.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Redburn Atlantic raised shares of Zebra Technologies to a “strong-buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $385.18.

Insiders Place Their Bets

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the transaction, the insider now owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.06% of the stock is owned by corporate insiders.

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.