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

Zebra Technologies (NASDAQ:ZBRA) released its quarterly earnings results on Tuesday. The industrial products company reported $3.49 EPS for the quarter, beating analysts’ consensus estimates of $2.92 by $0.57, Briefing.com reports. Zebra Technologies had a return on equity of 15.56% and a net margin of 8.20%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the business posted $0.57 earnings per share. The firm’s revenue was up 31.3% compared to the same quarter last year.

Zebra Technologies Stock Performance

NASDAQ:ZBRA traded up $1.95 during trading hours on Friday, reaching $383.92. The company had a trading volume of 305,371 shares, compared to its average volume of 360,567. The firm has a market cap of $19.80 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 business’s 50 day moving average price is $358.62 and its 200-day moving average price is $329.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.37 and a quick ratio of 0.84.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ZBRA. Needham & Company LLC lifted their target price on shares of Zebra Technologies from $394.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday. Morgan Stanley lifted their price objective on shares of Zebra Technologies from $290.00 to $305.00 and gave the stock an “underweight” rating in a research note on Wednesday. Vertical Research initiated coverage on Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price on the stock. Redburn Atlantic upgraded Zebra Technologies to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Truist Financial reissued a “hold” rating and issued a $383.00 price objective (up from $379.00) on shares of Zebra Technologies in a report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $385.18.

Insider Activity

In other Zebra Technologies news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction 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 owns 9,694 shares of the company’s stock, valued at approximately $3,312,342.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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.