Why Zebra Technologies Hit an All-Time High Today

NEW YORK (TheStreet) -- Zebra Technologies  (ZBRA) hit an all-time high of $64.57 as of noon on Wednesday after the barcode printing company reported record highs in sales and earnings per share in its fourth-quarter report.

Zebra reported diluted EPS of 82 cents, which included exit, restructuring and acquisition costs that reduced earnings by nine cents a share. This marked an increase from 68 cents a share in the same quarter in 2012. Net sales also increased 12.4% to a record $284,539,000, up from $253,179,000 in the same period one year earlier. 

The 82 cents a share surpassed the Capital IQ consensus estimate of 78 cents a share, while the net sales total of $284.5 million beat the consensus of $267.81 million.

Zebra also issued guidance for the first quarter of 77 to 87 cents a share, compared to the consensus estimate of 65 cents, and revenue of $276 million to $286 million, compared to the consensus estimate of $262.5 million.

TheStreet Ratings team rates ZEBRA TECHNOLOGIES CP as a "buy" with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate ZEBRA TECHNOLOGIES CP (ZBRA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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