Zebra Technologies (NASDAQ:ZBRA) Releases Earnings Results, Beats Estimates By $0.70 EPS

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

Zebra Technologies Stock Down 2.5 %

Shares of Zebra Technologies stock opened at $342.58 on Friday. Zebra Technologies has a one year low of $194.59 and a one year high of $372.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.56. The stock’s 50-day moving average is $315.94 and its 200 day moving average is $294.64. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 67.97 and a beta of 1.65.

Insider Activity at Zebra Technologies

In related news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was 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 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. 1.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ZBRA. Barclays upped their target price on Zebra Technologies from $314.00 to $347.00 and gave the stock an “equal weight” rating in a report on Wednesday. Truist Financial reaffirmed a “hold” rating and issued a $345.00 target price (up previously from $315.00) on shares of Zebra Technologies in a report on Wednesday. StockNews.com raised Zebra Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. TD Cowen increased their price target on Zebra Technologies from $375.00 to $380.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Stephens increased their price target on Zebra Technologies from $335.00 to $380.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $340.92.

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.