Zebra Technologies (NASDAQ:ZBRA) Releases Q3 2024 Earnings Guidance

Zebra Technologies (NASDAQ:ZBRA) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 3.000-3.300 for the period, compared to the consensus estimate of 3.060. The company issued revenue guidance of $1.2 billion-$1.2 billion, compared to the consensus revenue estimate of $1.2 billion. Zebra Technologies also updated its FY 2024 guidance to 12.300-12.900 EPS.

Zebra Technologies Stock Performance

ZBRA stock traded down $17.33 on Friday, reaching $325.25. The company’s stock had a trading volume of 34,416 shares, compared to its average volume of 359,205. Zebra Technologies has a 52 week low of $194.59 and a 52 week high of $372.93. The company has a market capitalization of $16.72 billion, a P/E ratio of 67.97 and a beta of 1.65. The firm has a fifty day moving average of $315.94 and a two-hundred day moving average of $294.64. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.28 and a quick ratio of 0.56.

Zebra Technologies (NASDAQ:ZBRA) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.70. Zebra Technologies had a return on equity of 11.77% and a net margin of 5.28%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company posted $3.24 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts predict that Zebra Technologies will post 10.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ZBRA has been the subject of a number of recent analyst reports. Needham & Company LLC increased their price objective on Zebra Technologies from $370.00 to $394.00 and gave the stock a buy rating in a report on Wednesday. Stephens increased their price objective on Zebra Technologies from $335.00 to $380.00 and gave the stock an overweight rating in a report on Wednesday, May 1st. Robert W. Baird upped their target price on Zebra Technologies from $355.00 to $375.00 and gave the stock an outperform rating in a research report on Wednesday. TD Cowen upped their target price on Zebra Technologies from $375.00 to $380.00 and gave the stock a buy rating in a research report on Wednesday. Finally, Wolfe Research upgraded Zebra Technologies from a peer perform rating to an outperform rating and set a $337.00 target price for the company in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $340.92.

Insider Buying and Selling at Zebra Technologies

In other news, insider Michael Cho sold 1,657 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $320.51, for a total value of $531,085.07. Following the transaction, the insider now directly owns 3,809 shares of the company’s stock, valued at $1,220,822.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.06% of the company’s stock.

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.