Zebra Technologies Corporation (NASDAQ:ZBRA) Posts Earnings Results, Beats Expectations By $0.17 EPS

Zebra Technologies Corporation (NASDAQ:ZBRA) posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.17, Bloomberg Earnings reports. Zebra Technologies Corporation had a positive return on equity of 38.88% and a negative net margin of 1.14%. The firm had revenue of $897 million during the quarter, compared to analysts’ expectations of $876.90 million. During the same quarter in the previous year, the business earned $1.34 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. Zebra Technologies Corporation updated its Q3 guidance to $1.65-1.85 EPS.

Shares of Zebra Technologies Corporation (ZBRA) opened at 102.92 on Friday. The company’s market cap is $5.47 billion. The firm’s 50-day moving average price is $101.06 and its 200 day moving average price is $95.99. Zebra Technologies Corporation has a 12-month low of $62.91 and a 12-month high of $109.30.

In related news, CEO Anders Gustafsson sold 25,000 shares of Zebra Technologies Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total transaction of $2,651,000.00. Following the sale, the chief executive officer now owns 295,116 shares of the company’s stock, valued at approximately $31,294,100.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Hugh K. Gagnier sold 20,682 shares of Zebra Technologies Corporation stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $106.42, for a total transaction of $2,200,978.44. Following the sale, the senior vice president now directly owns 39,072 shares in the company, valued at approximately $4,158,042.24. The disclosure for this sale can be found here. In the last three months, insiders sold 55,175 shares of company stock worth $5,864,190. Insiders own 2.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ZBRA. Bank of Montreal Can increased its stake in Zebra Technologies Corporation by 0.4% in the first quarter. Bank of Montreal Can now owns 46,177 shares of the industrial products company’s stock valued at $4,213,000 after buying an additional 177 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Zebra Technologies Corporation during the first quarter valued at $362,000. Advantus Capital Management Inc increased its stake in Zebra Technologies Corporation by 3.2% in the first quarter. Advantus Capital Management Inc now owns 6,770 shares of the industrial products company’s stock valued at $618,000 after buying an additional 209 shares during the last quarter. Renaissance Technologies LLC increased its stake in Zebra Technologies Corporation by 483.6% in the first quarter. Renaissance Technologies LLC now owns 272,731 shares of the industrial products company’s stock valued at $24,887,000 after buying an additional 226,000 shares during the last quarter. Finally, State Street Corp increased its stake in Zebra Technologies Corporation by 2.1% in the first quarter. State Street Corp now owns 1,350,444 shares of the industrial products company’s stock valued at $123,234,000 after buying an additional 27,838 shares during the last quarter. 94.85% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $118.00 price objective (up previously from $107.00) on shares of Zebra Technologies Corporation in a research report on Thursday, August 10th. BidaskClub cut Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a research report on Wednesday, June 21st. Finally, ValuEngine upgraded Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $98.07.

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About Zebra Technologies Corporation

Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.

Earnings History for Zebra Technologies Corporation (NASDAQ:ZBRA)

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