Zebra Technologies Corp. (ZBRA) Releases Earnings Results, Beats Expectations By $0.29 EPS

Zebra Technologies Corp. (ZBRA) reported quarterly earnings results on Tuesday, Aug-9-2016. The company said it had a profit of $1.34 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.29. Analysts had a consensus of $1.05. The company posted revenue of $879.00 million in the period, compared to analysts expectations of $869.18 million. The company’s revenue was down -1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS.

Many Wall Street Analysts have commented on Zebra Technologies Corp.. Zebra Technologies Corp. was Initiated by CLSA to “Buy” on Aug 3, 2016. Shares were Reiterated by Imperial Capital on Jul 12, 2016 to “Outperform” and Lowered the Price Target to $ 65 from a previous price target of $110 .Zebra Technologies Corp. was Downgraded by Northcoast to ” Neutral” on Jun 29, 2016.

Zebra Technologies Corp. opened for trading at $57.43 and hit $58.15 on the upside on Monday, eventually ending the session at $57.99, with a gain of 0.98% or 0.56 points. The heightened volatility saw the trading volume jump to 7,78,477 shares. Company has a market cap of $3,029 M.

In a different news, on May 23, 2016, Frank Blaise Modruson (director) purchased 1,130 shares at $48.88 per share price. According to the SEC, on Mar 10, 2016, Joachim Heel (SVP, Global Sales) purchased 1,560 shares at $63.74 per share price. On Mar 2, 2016, Richard L Keyser (director) purchased 1,000 shares at $61.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Zebra Technologies Corporation offers enterprise asset intelligence products and services. The Company’s products and services allow customers to manage their assets transactions and people of their organization. It designs manufactures and sells a range of products including enterprise mobile computers; advanced data capture devices; wireless local area network (WLAN) products; real-time location systems; related supplies and utilities frameworks and application software. It operates through two segments: Enterprise which consists of its mobile computing data capture and WLAN products and Legacy Zebra which consists of barcode and card printing location and motion sensing and supplies products. It provides a platform iFactr which offers the migration path for Windows Mobile/CE.NET compact framework applications. In addition it provides solutions in enterprise mobile space including modernizing rugged deployments as well as creating cross-platform applications.

Zebra Technologies Corp.

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