Brokerages predict that Zebra Technologies (NASDAQ:ZBRA) will announce sales of $1.12 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Zebra Technologies’ earnings, with the lowest sales estimate coming in at $1.11 billion and the highest estimate coming in at $1.12 billion. Zebra Technologies reported sales of $1.03 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The company is expected to announce its next quarterly earnings report on Thursday, February 28th.
On average, analysts expect that Zebra Technologies will report full-year sales of $4.20 billion for the current fiscal year, with estimates ranging from $4.19 billion to $4.20 billion. For the next fiscal year, analysts anticipate that the business will report sales of $4.42 billion, with estimates ranging from $4.37 billion to $4.45 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Zebra Technologies.
Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $2.88 EPS for the quarter, topping the Zacks’ consensus estimate of $2.60 by $0.28. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Zebra Technologies had a return on equity of 49.81% and a net margin of 7.55%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.87 earnings per share.
Shares of ZBRA opened at $181.37 on Tuesday. The stock has a market cap of $9.67 billion, a price-to-earnings ratio of 28.34 and a beta of 1.55. Zebra Technologies has a 12 month low of $101.49 and a 12 month high of $184.75. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.64 and a current ratio of 1.09.
In related news, CEO Anders Gustafsson sold 35,160 shares of the business’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $182.73, for a total value of $6,424,786.80. Following the completion of the sale, the chief executive officer now directly owns 314,092 shares of the company’s stock, valued at $57,394,031.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Joachim Heel sold 2,480 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $182.38, for a total value of $452,302.40. Following the completion of the sale, the senior vice president now directly owns 24,412 shares of the company’s stock, valued at $4,452,260.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,640 shares of company stock valued at $12,930,449. 2.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in ZBRA. Wells Fargo & Company MN increased its holdings in Zebra Technologies by 65.0% in the third quarter. Wells Fargo & Company MN now owns 1,526,432 shares of the industrial products company’s stock valued at $269,919,000 after buying an additional 601,225 shares during the last quarter. FMR LLC grew its holdings in shares of Zebra Technologies by 208.6% during the third quarter. FMR LLC now owns 698,886 shares of the industrial products company’s stock valued at $123,585,000 after purchasing an additional 472,441 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Zebra Technologies by 5.1% during the third quarter. Vanguard Group Inc. now owns 5,404,969 shares of the industrial products company’s stock valued at $955,760,000 after purchasing an additional 263,478 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Zebra Technologies by 85.6% during the third quarter. Panagora Asset Management Inc. now owns 519,022 shares of the industrial products company’s stock valued at $91,779,000 after purchasing an additional 239,326 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Zebra Technologies by 1,330.4% during the second quarter. First Trust Advisors LP now owns 196,692 shares of the industrial products company’s stock valued at $28,176,000 after purchasing an additional 182,941 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.
Zebra Technologies Company Profile
With the unparalleled operational visibility Zebra provides, enterprises become as smart and connected as the world we live in. Real-time information – gleaned from visionary solutions including hardware, software and services – gives organizations the competitive edge they need to simplify operations, know more about their businesses and customers, and empower their mobile workers to succeed in today’s data-centric world.
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