Zebra Technologies (NASDAQ:ZBRA) Issues Quarterly Earnings Results, Beats Estimates By $0.57 EPS

Zebra Technologies (NASDAQ:ZBRA) issued its quarterly earnings results on Tuesday. The industrial products company reported $3.49 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.57, Briefing.com reports. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.22 billion. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share.

Zebra Technologies Price Performance

Zebra Technologies stock traded down $0.73 during trading on Friday, reaching $381.24. The company had a trading volume of 279,664 shares, compared to its average volume of 360,468. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.84 and a current ratio of 1.37. The firm has a market capitalization of $19.66 billion, a PE ratio of 51.97 and a beta of 1.66. Zebra Technologies has a 1-year low of $198.19 and a 1-year high of $394.57. The firm’s 50-day simple moving average is $358.62 and its 200 day simple moving average is $329.95.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ZBRA. Morgan Stanley raised their price target on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a report on Wednesday. Stephens upped their target price on Zebra Technologies from $380.00 to $410.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Vertical Research began coverage on shares of Zebra Technologies in a research note on Tuesday, July 23rd. They set a “buy” rating and a $375.00 price objective for the company. TD Cowen increased their price objective on shares of Zebra Technologies from $380.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Truist Financial restated a “hold” rating and set a $383.00 target price (up from $379.00) on shares of Zebra Technologies in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Zebra Technologies has an average rating of “Moderate Buy” and a consensus price target of $385.18.

Insider Activity

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $341.69, for a total transaction of $341,690.00. Following the completion of the transaction, the insider now owns 9,694 shares in the company, valued at $3,312,342.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.06% of the company’s stock.

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.