Zebra Technologies (NASDAQ:ZBRA) issued an update on its first quarter 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 2.90-3.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.01. The company issued revenue guidance of $1.109-1.141 billion, compared to the consensus revenue estimate of $1.12 billion.Zebra Technologies also updated its FY 2020
Pre-Market guidance to EPS.
Several brokerages have weighed in on ZBRA. Morgan Stanley downgraded Zebra Technologies from an equal weight rating to an underweight rating and set a $217.00 target price on the stock. in a research note on Wednesday, January 8th. ValuEngine downgraded Zebra Technologies from a hold rating to a sell rating in a research note on Saturday, January 4th. Robert W. Baird lifted their target price on Zebra Technologies from $235.00 to $270.00 and gave the company an outperform rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upgraded Zebra Technologies from a neutral rating to an overweight rating and lifted their target price for the company from $250.00 to $262.00 in a research note on Friday. Finally, BidaskClub downgraded Zebra Technologies from a buy rating to a hold rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $249.63.
Shares of ZBRA stock traded up $5.45 during midday trading on Friday, hitting $238.77. The company had a trading volume of 921,542 shares, compared to its average volume of 441,506. The company’s 50 day simple moving average is $249.76 and its 200 day simple moving average is $227.82. Zebra Technologies has a 52-week low of $166.15 and a 52-week high of $260.40. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 26.59 and a beta of 1.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.94 and a quick ratio of 0.58.
Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Thursday, February 13th. The industrial products company reported $3.56 EPS for the quarter, missing the consensus estimate of $3.65 by ($0.09). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Zebra Technologies had a net margin of 11.06% and a return on equity of 42.17%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.10 earnings per share. Analysts anticipate that Zebra Technologies will post 12.16 EPS for the current year.
In other news, SVP Stephen Edgar Williams sold 775 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $256.65, for a total value of $198,903.75. Following the completion of the sale, the senior vice president now directly owns 5,005 shares of the company’s stock, valued at approximately $1,284,533.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrew K. Ludwick sold 500 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $237.01, for a total value of $118,505.00. Following the completion of the sale, the director now directly owns 2,005 shares of the company’s stock, valued at $475,205.05. The disclosure for this sale can be found here. Insiders sold a total of 18,247 shares of company stock valued at $4,667,332 over the last three months. Insiders own 1.77% of the company’s stock.
Zebra Technologies Company Profile
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, they deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Their market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.
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