Brokers Issue Forecasts for Zebra Technologies Corporation’s Q1 2018 Earnings (ZBRA)

Zebra Technologies Corporation (NASDAQ:ZBRA) – Equities researchers at Northcoast Research issued their Q1 2018 earnings per share (EPS) estimates for shares of Zebra Technologies Corporation in a note issued to investors on Tuesday. Northcoast Research analyst K. Housum anticipates that the industrial products company will earn $1.52 per share for the quarter. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for Zebra Technologies Corporation’s Q2 2018 earnings at $1.80 EPS and Q4 2018 earnings at $2.32 EPS.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Zebra Technologies Corporation from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Thursday. Barrington Research reiterated an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of Zebra Technologies Corporation in a research note on Tuesday, August 15th. Needham & Company LLC reiterated a “buy” rating and issued a $118.00 target price (up from $107.00) on shares of Zebra Technologies Corporation in a research note on Thursday, August 10th. Finally, BidaskClub cut shares of Zebra Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $105.29.

ILLEGAL ACTIVITY NOTICE: “Brokers Issue Forecasts for Zebra Technologies Corporation’s Q1 2018 Earnings (ZBRA)” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.com-unik.info/2017/11/03/brokers-issue-forecasts-for-zebra-technologies-corporations-q1-2018-earnings-zbra.html.

Zebra Technologies Corporation (NASDAQ:ZBRA) last released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.17. Zebra Technologies Corporation had a negative net margin of 1.14% and a positive return on equity of 38.88%. The company had revenue of $897.00 million during the quarter, compared to the consensus estimate of $876.90 million. During the same period in the previous year, the business earned $1.34 earnings per share. The firm’s quarterly revenue was up 2.0% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Zebra Technologies Corporation by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 227,367 shares of the industrial products company’s stock valued at $24,687,000 after purchasing an additional 1,471 shares in the last quarter. Prudential Financial Inc. lifted its position in Zebra Technologies Corporation by 25.8% during the 3rd quarter. Prudential Financial Inc. now owns 193,349 shares of the industrial products company’s stock valued at $20,994,000 after acquiring an additional 39,613 shares during the period. American Century Companies Inc. lifted its position in Zebra Technologies Corporation by 488.7% during the 3rd quarter. American Century Companies Inc. now owns 53,786 shares of the industrial products company’s stock valued at $5,840,000 after acquiring an additional 44,649 shares during the period. Stevens Capital Management LP lifted its position in Zebra Technologies Corporation by 176.2% during the 3rd quarter. Stevens Capital Management LP now owns 35,737 shares of the industrial products company’s stock valued at $3,880,000 after acquiring an additional 22,797 shares during the period. Finally, Chicago Equity Partners LLC lifted its position in Zebra Technologies Corporation by 86.2% during the 3rd quarter. Chicago Equity Partners LLC now owns 66,300 shares of the industrial products company’s stock valued at $7,199,000 after acquiring an additional 30,685 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Hugh K. Gagnier sold 20,682 shares of Zebra Technologies Corporation stock in a transaction dated Tuesday, August 15th. The shares were 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 owns 39,072 shares of the company’s stock, valued at approximately $4,158,042.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anders Gustafsson sold 25,000 shares of Zebra Technologies Corporation stock in a transaction dated 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 directly owns 295,116 shares in the company, valued at approximately $31,294,100.64. The disclosure for this sale can be found here. 2.50% of the stock is owned by company insiders.

Zebra Technologies Corporation Company Profile

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 and Estimates for Zebra Technologies Corporation (NASDAQ:ZBRA)

What are top analysts saying about Zebra Technologies Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Zebra Technologies Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit