Zebra Technologies (ZBRA) Scheduled to Post Earnings on Tuesday

Zebra Technologies (NASDAQ:ZBRA) will post its quarterly earnings results before the market opens on Tuesday, July 30th. Analysts expect Zebra Technologies to post earnings of $2.48 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm’s quarterly revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.59 EPS. On average, analysts expect Zebra Technologies to post $11 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Zebra Technologies Stock Performance

ZBRA stock opened at $325.98 on Monday. The business’s fifty day moving average is $314.26 and its 200-day moving average is $292.65. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a market cap of $16.76 billion, a P/E ratio of 64.68 and a beta of 1.66. Zebra Technologies has a twelve month low of $194.59 and a twelve month high of $337.08.

Analyst Ratings Changes

Several brokerages recently commented on ZBRA. Robert W. Baird raised their price objective on Zebra Technologies from $312.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. BNP Paribas raised Zebra Technologies from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $258.00 to $305.00 in a research note on Thursday, June 13th. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective on the stock in a research note on Monday, April 8th. Vertical Research assumed coverage on Zebra Technologies in a research note on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price target on the stock. Finally, UBS Group lifted their price target on Zebra Technologies from $340.00 to $368.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $327.67.

Insiders Place Their Bets

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction on 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 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 accessible through this hyperlink. 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.