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, which produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our printers, including 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. It also provides various maintenance, technical support, repair, and managed and professional services; real-time location systems and services; and tags, sensors, exciters, middleware software, and application software; as well as physical inventory management solutions, and rugged tablets and enterprise-grade mobile computing products and accessories. In addition, the company offers barcode scanners, image capture devices, and RFID readers; and workforce management solutions, workflow execution and task management solutions, and prescriptive analytics solutions, as well as communications and collaboration solutions. It also provides services, including maintenance, technical support, repair, managed and professional services; as well as cloud-based software subscriptions and robotics automation solutions. The company serves retail and e-commerce, manufacturing, transportation and logistics, healthcare, public sector, and other industries through direct sales force, and network of channel partners. The company was founded in 1969 and is headquartered in Lincolnshire, Illinois.
Wall Street Analyst Weigh In
ZBRA has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on shares of Zebra Technologies from $550.00 to $440.00 in a research report on Wednesday, May 4th. Morgan Stanley raised shares of Zebra Technologies from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $400.00 to $335.00 in a report on Monday, May 23rd. StockNews.com lowered shares of Zebra Technologies from a "buy" rating to a "hold" rating in a research note on Thursday, June 9th. Needham & Company LLC lowered their price objective on Zebra Technologies from $500.00 to $450.00 and set a "buy" rating for the company in a research note on Wednesday, August 3rd. Finally, TheStreet downgraded shares of Zebra Technologies from a "b-" rating to a "c+" rating in a report on Monday, June 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $453.33.
Zebra Technologies Price Performance
Shares of Zebra Technologies stock traded up $1.93 during trading on Thursday, hitting $342.38. The stock had a trading volume of 201,060 shares, compared to its average volume of 452,118. The business has a fifty day moving average of $314.28 and a two-hundred day moving average of $367.78. The firm has a market cap of $17.73 billion, a P/E ratio of 26.45 and a beta of 1.64. Zebra Technologies has a fifty-two week low of $283.72 and a fifty-two week high of $615.00. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.56.
Zebra Technologies (NASDAQ:ZBRA - Get Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported $4.61 earnings per share for the quarter, topping analysts' consensus estimates of $3.93 by $0.68. Zebra Technologies had a return on equity of 31.30% and a net margin of 8.56%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter last year, the business posted $4.17 EPS. Zebra Technologies's revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts expect that Zebra Technologies will post 17.23 earnings per share for the current fiscal year.
Insider Activity
In other Zebra Technologies news, insider Stephen Edgar Williams sold 2,331 shares of the firm's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $328.50, for a total transaction of $765,733.50. Following the completion of the sale, the insider now directly owns 1,976 shares in the company, valued at approximately $649,116. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.11% of the company's stock.