Brokerages Anticipate Zebra Technologies (NASDAQ:ZBRA) Will Announce Quarterly Sales of $940.52 Million

Equities research analysts expect that Zebra Technologies (NASDAQ:ZBRA) will report sales of $940.52 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Zebra Technologies’ earnings, with the lowest sales estimate coming in at $926.59 million and the highest estimate coming in at $957.00 million. Zebra Technologies reported sales of $1.10 billion in the same quarter last year, which would suggest a negative year over year growth rate of 14.5%. The company is expected to report its next quarterly earnings report on Tuesday, August 4th.

On average, analysts expect that Zebra Technologies will report full-year sales of $4.14 billion for the current fiscal year, with estimates ranging from $4.00 billion to $4.40 billion. For the next year, analysts expect that the business will post sales of $4.67 billion, with estimates ranging from $4.48 billion to $4.90 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Zebra Technologies.

Zebra Technologies (NASDAQ:ZBRA) last released its earnings results on Tuesday, April 28th. The industrial products company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.64 by $0.03. Zebra Technologies had a return on equity of 38.08% and a net margin of 11.59%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $2.92 earnings per share. Zebra Technologies’s quarterly revenue was down 1.3% on a year-over-year basis.

Several equities analysts recently commented on the company. BidaskClub downgraded Zebra Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Needham & Company LLC assumed coverage on Zebra Technologies in a research note on Tuesday, April 28th. They issued a “buy” rating and a $250.00 price objective on the stock. Zacks Investment Research downgraded Zebra Technologies from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Northcoast Research downgraded Zebra Technologies from a “buy” rating to a “neutral” rating and set a $240.00 target price on the stock. in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. downgraded Zebra Technologies from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $245.00 to $250.00 in a research report on Thursday, April 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $238.14.

In other news, CAO Colleen M. O’sullivan sold 3,628 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $258.48, for a total value of $937,765.44. Following the transaction, the chief accounting officer now owns 2,801 shares of the company’s stock, valued at $724,002.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard L. Keyser sold 3,502 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $272.57, for a total transaction of $954,540.14. Following the completion of the transaction, the director now directly owns 13,756 shares in the company, valued at approximately $3,749,472.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,588 shares of company stock worth $6,617,390. Company insiders own 2.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA increased its stake in Zebra Technologies by 1.9% in the first quarter. Private Trust Co. NA now owns 2,861 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 54 shares during the last quarter. Sontag Advisory LLC increased its stake in Zebra Technologies by 2.5% in the first quarter. Sontag Advisory LLC now owns 2,326 shares of the industrial products company’s stock valued at $427,000 after acquiring an additional 57 shares during the last quarter. Lenox Wealth Advisors LLC grew its stake in shares of Zebra Technologies by 85.9% during the first quarter. Lenox Wealth Advisors LLC now owns 145 shares of the industrial products company’s stock valued at $27,000 after buying an additional 67 shares during the last quarter. Cooper Financial Group grew its stake in shares of Zebra Technologies by 3.8% during the first quarter. Cooper Financial Group now owns 1,821 shares of the industrial products company’s stock valued at $334,000 after buying an additional 67 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Zebra Technologies by 7.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,100 shares of the industrial products company’s stock valued at $281,000 after buying an additional 72 shares during the last quarter. 87.56% of the stock is currently owned by hedge funds and other institutional investors.

Zebra Technologies stock traded up $3.81 during trading on Friday, hitting $255.04. The stock had a trading volume of 228,687 shares, compared to its average volume of 346,956. Zebra Technologies has a 1 year low of $150.06 and a 1 year high of $278.60. The company has a quick ratio of 0.49, a current ratio of 0.85 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average is $254.31 and its two-hundred day moving average is $232.37. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 26.85 and a beta of 1.67.

About Zebra Technologies

Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.

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