Zebra Technologies Corporation (NASDAQ:ZBRA) – Barrington Research lowered their Q3 2017 earnings estimates for Zebra Technologies Corporation in a note issued to investors on Tuesday. Barrington Research analyst M. Gall now forecasts that the industrial products company will post earnings per share of $1.59 for the quarter, down from their prior estimate of $1.61. Barrington Research currently has a “Outperform” rating and a $125.00 target price on the stock. Barrington Research also issued estimates for Zebra Technologies Corporation’s Q4 2017 earnings at $1.96 EPS, Q2 2018 earnings at $1.65 EPS, Q3 2018 earnings at $1.86 EPS and Q4 2018 earnings at $2.18 EPS.
Zebra Technologies Corporation (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.17. The business had revenue of $897 million during the quarter, compared to the consensus estimate of $876.90 million. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. COPYRIGHT VIOLATION NOTICE: “Barrington Research Analysts Reduce Earnings Estimates for Zebra Technologies Corporation (ZBRA)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.com-unik.info/2017/09/05/barrington-research-analysts-reduce-earnings-estimates-for-zebra-technologies-corporation-zbra-updated.html.
A number of other equities analysts have also recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $118.00 price objective (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. BidaskClub cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. ValuEngine raised shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Morgan Stanley cut shares of Zebra Technologies Corporation from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $95.00 to $100.00 in a research note on Wednesday, May 31st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Zebra Technologies Corporation presently has an average rating of “Hold” and an average target price of $98.07.
Shares of Zebra Technologies Corporation (NASDAQ ZBRA) opened at 103.07 on Thursday. The company’s market capitalization is $5.47 billion. The firm has a 50-day moving average of $100.98 and a 200 day moving average of $95.86. Zebra Technologies Corporation has a 1-year low of $62.91 and a 1-year high of $109.30.
In other news, CEO Anders Gustafsson sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $106.04, for a total value of $2,651,000.00. Following the completion of the sale, the chief executive officer now owns 295,116 shares in the company, valued at approximately $31,294,100.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Hugh K. Gagnier sold 20,682 shares of the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 39,072 shares of the company’s stock, valued at approximately $4,158,042.24. The disclosure for this sale can be found here. Insiders sold a total of 55,175 shares of company stock valued at $5,864,190 over the last three months. Corporate insiders own 2.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Bank of Montreal Can raised 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 period. Highbridge Capital Management LLC purchased a new stake in Zebra Technologies Corporation during the first quarter valued at about $362,000. Advantus Capital Management Inc raised 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 period. Renaissance Technologies LLC raised 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 period. Finally, State Street Corp raised 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 period. Hedge funds and other institutional investors own 94.85% of the company’s stock.
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.
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