Zebra Technologies (NASDAQ:ZBRA) Posts Quarterly Earnings Results, Beats Expectations By $0.71 EPS

Zebra Technologies (NASDAQ:ZBRA) released its earnings results on Tuesday. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.71, RTT News reports. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business posted $3.59 earnings per share. The firm’s revenue was down 16.4% on a year-over-year basis.

Zebra Technologies Stock Up 4.8 %

Zebra Technologies stock opened at $314.56 on Wednesday. The business has a fifty day moving average price of $287.73 and a 200-day moving average price of $256.72. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $322.95. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 0.54. The stock has a market capitalization of $16.16 billion, a price-to-earnings ratio of 55.09 and a beta of 1.79.

Analysts Set New Price Targets

A number of brokerages recently commented on ZBRA. TD Cowen increased their price target on Zebra Technologies from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays initiated coverage on Zebra Technologies in a research note on Tuesday, April 2nd. They issued an “equal weight” rating and a $292.00 price objective for the company. Wolfe Research raised Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research note on Monday, April 8th. Truist Financial initiated coverage on Zebra Technologies in a research note on Thursday, March 14th. They issued a “hold” rating and a $300.00 price objective for the company. Finally, Needham & Company LLC raised their price objective on Zebra Technologies from $320.00 to $352.00 and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $299.45.

Insiders Place Their Bets

In other news, CAO Colleen M. O’sullivan sold 135 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the transaction, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.04% of the stock is currently owned by 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.