Zebra Technologies (NASDAQ:ZBRA) Posts Earnings Results

Zebra Technologies (NASDAQ:ZBRA) posted its earnings results on Tuesday. The industrial products company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.48 by $0.70, Briefing.com reports. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $3.24 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis.

Zebra Technologies Stock Performance

NASDAQ ZBRA traded down $8.61 on Thursday, hitting $342.58. 576,459 shares of the stock traded hands, compared to its average volume of 361,414. The business’s fifty day moving average is $315.57 and its two-hundred day moving average is $294.31. Zebra Technologies has a 12 month low of $194.59 and a 12 month high of $372.93. The firm has a market capitalization of $17.62 billion, a price-to-earnings ratio of 69.72 and a beta of 1.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.56 and a current ratio of 1.28.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ZBRA. UBS Group increased their price objective on Zebra Technologies from $340.00 to $368.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Barclays raised their price objective on Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a research note on Wednesday. Vertical Research started coverage on shares of Zebra Technologies in a report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 target price for the company. Truist Financial reissued a “hold” rating and set a $345.00 price target (up from $315.00) on shares of Zebra Technologies in a research report on Wednesday. Finally, Wolfe Research raised shares of Zebra Technologies from a “peer perform” rating to an “outperform” rating and set a $337.00 price objective for the company in a research report on Monday, April 8th. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $340.92.

Insider Activity

In other Zebra Technologies news, insider Michael Cho sold 1,657 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total value of $531,085.07. Following the completion of the transaction, the insider now owns 3,809 shares in the company, valued at approximately $1,220,822.59. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.