Zebra Technologies Corp. (NASDAQ:ZBRA) posted its quarterly earnings data on Tuesday. The industrial products company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.07. Zebra Technologies Corp. had a positive return on equity of 30.70% and a negative net margin of 4.68%. The firm had revenue of $865 million for the quarter, compared to the consensus estimate of $847.76 million. During the same quarter in the prior year, the business earned $1.01 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Zebra Technologies Corp. updated its Q2 guidance to $1.35-1.55 EPS.
Zebra Technologies Corp. (NASDAQ:ZBRA) traded up 0.38% during mid-day trading on Friday, hitting $98.48. 266,695 shares of the company were exchanged. Zebra Technologies Corp. has a 12-month low of $46.13 and a 12-month high of $101.00. The company’s market capitalization is $5.20 billion. The company’s 50-day moving average is $94.10 and its 200 day moving average is $85.82.
In other news, CEO Anders Gustafsson sold 40,000 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $92.22, for a total value of $3,688,800.00. Following the completion of the sale, the chief executive officer now directly owns 281,003 shares of the company’s stock, valued at approximately $25,914,096.66. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Hugh K. Gagnier sold 9,388 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $100.42, for a total transaction of $942,742.96. Following the completion of the transaction, the senior vice president now owns 48,460 shares of the company’s stock, valued at $4,866,353.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,109 shares of company stock valued at $5,496,230. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of ZBRA. Advisor Group Inc. raised its position in shares of Zebra Technologies Corp. by 11.4% in the third quarter. Advisor Group Inc. now owns 1,506 shares of the industrial products company’s stock valued at $105,000 after buying an additional 154 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Zebra Technologies Corp. by 3.8% in the first quarter. Meadow Creek Investment Management LLC now owns 1,312 shares of the industrial products company’s stock valued at $120,000 after buying an additional 48 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Zebra Technologies Corp. during the first quarter valued at about $140,000. Asset Management One Co. Ltd. acquired a new position in shares of Zebra Technologies Corp. during the fourth quarter valued at about $163,000. Finally, Neuburgh Advisers LLC raised its position in shares of Zebra Technologies Corp. by 3.8% in the first quarter. Neuburgh Advisers LLC now owns 1,804 shares of the industrial products company’s stock valued at $165,000 after buying an additional 66 shares during the last quarter. Institutional investors own 96.17% of the company’s stock.
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Several research firms have issued reports on ZBRA. Needham & Company LLC began coverage on Zebra Technologies Corp. in a report on Tuesday, March 28th. They set a “buy” rating and a $102.00 price objective on the stock. Barrington Research upped their price objective on Zebra Technologies Corp. from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. Zacks Investment Research raised Zebra Technologies Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, February 28th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $69.00 target price on shares of Zebra Technologies Corp. in a research report on Thursday, February 16th. Finally, Wells Fargo & Co cut shares of Zebra Technologies Corp. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $89.19.
Zebra Technologies Corp. Company Profile
Zebra Technologies Corporation designs, manufactures and sells a range of automatic identification and data capture (AIDC) products. The Company’s AIDC products include mobile computers, barcode scanners, radio frequency identification (RFID) readers, wireless local area network (WLAN) products, specialty printers for barcode labeling and personal identification, real-time location systems (RTLS), related accessories and supplies, such as self-adhesive labels and other consumables, and utilities and application software.
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