Zebra Technologies (ZBRA) Set to Announce Quarterly Earnings on Tuesday

Zebra Technologies (NASDAQ:ZBRA) will issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $2.92 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.70. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $3.24 earnings per share. On average, analysts expect Zebra Technologies to post $11 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Zebra Technologies Price Performance

NASDAQ:ZBRA opened at $360.09 on Monday. The company has a market capitalization of $18.52 billion, a P/E ratio of 71.45 and a beta of 1.66. The business’s 50-day moving average is $355.92 and its 200 day moving average is $327.87. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.63. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $380.05.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ZBRA. TD Cowen lifted their price objective on shares of Zebra Technologies from $375.00 to $380.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Truist Financial upped their target price on Zebra Technologies from $345.00 to $379.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Stephens increased their target price on Zebra Technologies from $380.00 to $410.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird lifted their target price on Zebra Technologies from $355.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Barclays upped their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Zebra Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $367.00.

Insider Buying and Selling at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares of the company’s stock, valued at $3,312,342.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.06% of the stock is currently owned by company insiders.

About Zebra Technologies

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.