Zebra Technologies (NASDAQ:ZBRA) Issues Earnings Results, Beats Estimates By $0.70 EPS

Zebra Technologies (NASDAQ:ZBRA) issued its earnings results on Tuesday. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70, Briefing.com reports. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.99% and a return on equity of 13.05%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.24 earnings per share.

Zebra Technologies Price Performance

NASDAQ:ZBRA traded up $5.61 during mid-day trading on Wednesday, hitting $353.73. The company’s stock had a trading volume of 354,411 shares, compared to its average volume of 357,994. The stock has a fifty day moving average of $315.09 and a 200-day moving average of $293.91. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $372.93. The company has a market capitalization of $18.19 billion, a price-to-earnings ratio of 69.71 and a beta of 1.66. The company has a current ratio of 0.99, a quick ratio of 0.56 and a debt-to-equity ratio of 0.57.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Wolfe Research upgraded Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price target for the company in a research report on Monday, April 8th. Needham & Company LLC boosted their price target on Zebra Technologies from $370.00 to $394.00 and gave the company a “buy” rating in a research note on Wednesday. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their target price for the company from $258.00 to $305.00 in a research note on Thursday, June 13th. Finally, StockNews.com raised shares of Zebra Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Zebra Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $336.33.

Insiders Place Their Bets

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares in the company, valued at approximately $1,220,822.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.06% of the company’s stock.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.