Zebra Technologies (NASDAQ:ZBRA) Releases FY 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 11.250-12.250 for the period, compared to the consensus earnings per share estimate of 11.120. The company issued revenue guidance of $4.6 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion. Zebra Technologies also updated its FY24 guidance to $11.25-$12.25 EPS.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Needham & Company LLC increased their price objective on Zebra Technologies from $320.00 to $352.00 and gave the stock a buy rating in a research note on Wednesday. Barclays assumed coverage on shares of Zebra Technologies in a research report on Tuesday, April 2nd. They set an equal weight rating and a $292.00 target price on the stock. UBS Group lifted their price target on Zebra Technologies from $340.00 to $368.00 and gave the company a buy rating in a research note on Wednesday. StockNews.com cut Zebra Technologies from a hold rating to a sell rating in a research report on Friday, February 16th. Finally, Stephens increased their target price on Zebra Technologies from $335.00 to $380.00 and gave the company an overweight rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Zebra Technologies has an average rating of Hold and an average price target of $310.64.

Zebra Technologies Stock Performance

Shares of NASDAQ ZBRA traded down $8.94 during midday trading on Wednesday, hitting $305.62. The company’s stock had a trading volume of 225,861 shares, compared to its average volume of 384,428. The firm has a market cap of $15.70 billion, a P/E ratio of 53.44 and a beta of 1.79. Zebra Technologies has a 1-year low of $194.59 and a 1-year high of $322.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.54 and a current ratio of 1.05. The firm’s fifty day moving average price is $287.73 and its 200-day moving average price is $256.72.

Zebra Technologies (NASDAQ:ZBRA) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.71. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Zebra Technologies had a return on equity of 15.30% and a net margin of 6.46%. The business’s quarterly revenue was down 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.59 earnings per share. On average, sell-side analysts forecast that Zebra Technologies will post 9.76 EPS for the current fiscal year.

Insider Activity at Zebra Technologies

In other Zebra Technologies news, CAO Colleen M. O’sullivan sold 135 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total transaction of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company’s stock, valued at approximately $1,548,492.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.04% of the stock is owned by company insiders.

Zebra Technologies Company Profile

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 that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, 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.