FY2017 EPS Estimates for Zebra Technologies Corp. Increased by Northcoast Research (ZBRA)

Zebra Technologies Corp. (NASDAQ:ZBRA) – Northcoast Research raised their FY2017 earnings per share estimates for shares of Zebra Technologies in a research note issued to investors on Wednesday. Northcoast Research analyst K. Housum now expects that the industrial products company will post earnings of $6.42 per share for the year, up from their previous forecast of $6.41. Northcoast Research currently has a “Buy” rating on the stock.

Zebra Technologies (NASDAQ:ZBRA) last posted its earnings results on Tuesday, November 7th. The industrial products company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.73 by $0.14. The firm had revenue of $935.00 million during the quarter, compared to the consensus estimate of $914.98 million. Zebra Technologies had a return on equity of 41.17% and a net margin of 0.82%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company earned $1.43 earnings per share.

Several other research firms also recently commented on ZBRA. Zacks Investment Research downgraded Zebra Technologies from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research report on Saturday, February 10th. ValuEngine raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Wellington Shields raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Finally, Imperial Capital raised Zebra Technologies from an “in-line” rating to an “outperform” rating and increased their price target for the company from $95.00 to $120.00 in a research note on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $114.88.

Zebra Technologies (NASDAQ:ZBRA) opened at $118.80 on Thursday. The company has a debt-to-equity ratio of 3.01, a current ratio of 1.22 and a quick ratio of 0.74. The company has a market capitalization of $6,320.00, a PE ratio of 208.42, a price-to-earnings-growth ratio of 2.08 and a beta of 1.67. Zebra Technologies has a 1 year low of $84.32 and a 1 year high of $126.49.

Several hedge funds have recently modified their holdings of the company. Advisor Group Inc. grew its stake in Zebra Technologies by 0.8% during the second quarter. Advisor Group Inc. now owns 1,606 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 13 shares during the period. Voya Investment Management LLC grew its stake in Zebra Technologies by 1.4% during the second quarter. Voya Investment Management LLC now owns 20,159 shares of the industrial products company’s stock worth $2,026,000 after purchasing an additional 281 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Zebra Technologies by 0.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 70,916 shares of the industrial products company’s stock worth $7,700,000 after purchasing an additional 440 shares during the period. Greenleaf Trust grew its stake in Zebra Technologies by 98.0% during the fourth quarter. Greenleaf Trust now owns 1,000 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 495 shares during the period. Finally, Retirement Systems of Alabama grew its stake in Zebra Technologies by 0.7% during the third quarter. Retirement Systems of Alabama now owns 68,525 shares of the industrial products company’s stock worth $7,440,000 after purchasing an additional 504 shares during the period. 89.51% of the stock is owned by institutional investors.

In other news, SVP Michael Cho sold 1,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $110.15, for a total value of $110,150.00. Following the completion of the sale, the senior vice president now owns 10,426 shares of the company’s stock, valued at $1,148,423.90. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.40% of the company’s stock.

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About Zebra Technologies

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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