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

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

Zebra Technologies Price Performance

Shares of NASDAQ ZBRA traded up $9.84 during mid-day trading on Wednesday, reaching $357.96. 67,385 shares of the company traded hands, compared to its average volume of 355,735. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.99 and a quick ratio of 0.56. The firm has a market cap of $18.41 billion, a PE ratio of 69.07 and a beta of 1.66. Zebra Technologies has a fifty-two week low of $194.59 and a fifty-two week high of $372.93. The stock has a fifty day simple moving average of $315.09 and a 200-day simple moving average of $293.91.

Wall Street Analysts Forecast Growth

ZBRA has been the topic of several research analyst reports. Barclays initiated coverage on shares of Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price target on the stock. Stephens upped their target price on shares of Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. TD Cowen upped their target price on shares of Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. UBS Group upped their price target 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. Finally, Robert W. Baird raised their price target on shares of Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $329.67.

Insider Buying and Selling at Zebra Technologies

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total transaction of $531,085.07. Following the sale, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company 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.