Zacks Investment Research upgraded
Zebra Technologies Corp.
) to a Zacks Rank #1 (Strong Buy) on Jan 8, 2014.
Why the Upgrade?
CRANE CO (CR): Free Stock Analysis Report
LENNOX INTL INC (LII): Free Stock Analysis
ROCKWELL AUTOMT (ROK): Free Stock Analysis
ZEBRA TECH CL A (ZBRA): Free Stock Analysis
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Zebra Technologies reported impressive financial results for the
third quarter 2013 on Nov 5, 2013. Since then the company's
shares have risen by 2.1%. Earnings per share came in at 77
cents, up from 70 cents reported in the year-ago quarter and
11.6% above the Zacks Consensus Estimate of 69 cents.
Sales came in at $264 million, up 4.6% over the year-ago quarter
on the back of solid sales growth in the Asia-Pacific and North
America. Among product category, Supplies recorded an 11.7%
increase, Service and software 11.0% and Hardware 2.0%. Operating
margin in the quarter came in at 17.7% versus 15.4% in the
Apart from the impressive third quarter, Zebra Technologies
acquired Hart Systems in Dec 2013. The acquired firm is well
known for its cloud-based physical inventory management
solutions. The transaction will enable the company to expand its
business and will be accretive to earnings immediately.
Also, Zebra Technologies entered into a strategic partnership
with Entigral Systems, Inc. The primary aim of the partnership is
to support Zebra's cloud-based platform, Zatar, which is
especially designed for enterprise sensor data collection and
In the last 60 days, the Zacks Consensus Estimate for Zebra
Technologies increased 0.3% to $3.04 for 2014. This represents
15.2% year-over-year growth. Currently, the company has an
of +12.2% for 2014.
Other Stocks to Consider
Zebra Technologies is a $2.7 billion diversified machinery
company. Other stocks worth considering in the industry include
Lennox International, Inc.
Rockwell Automation Inc.
). All these companies carry a Zacks Rank #2 (Buy).